UGI Penn Natural Gas Inc.: New gas utility firm brings changes

Changes are in store for PG potency customers and employees after the natural gas utility is sold to UGI Corp. for $580 million.

A of recent origin company, UGI Penn Natural Gas Inc., will provide service to the 158000 former PG strength customers.

Customers will not bear the filled $27.8 million base rate hike sought by means of the soon-to-be acquired utility.

And pensions and greatest in quantity of the more than 400 piece of works of former PG Energy employee will be saveed but some nonunion positions will be wound

The deal announced in January between UGI, headquartered in Valley Forge, and Southern Union Co the Houston, Texas-based parent of PG efficacy was expected to close Tuesday, sum of two units business days after the Pennsylvania Public Utility Commission approved it upon Aug. 17.

The change of ownership has been pushed back temporarily while the companies work upon the details of the deal, UGI spokesman