UGI Energy Services Acquires South Jersey Energy’s Retail Natural Gas Business
December 03 2018 - 8:30AM
Business Wire
UGI Energy Services LLC (UGIES), a subsidiary of UGI Corporation
(NYSE: UGI), announces the purchase of South Jersey Energy
Company’s (SJE) retail natural gas business including Open Flow
Energy, effective December 1, 2018.
The purchase includes all of SJE’s 2,500 commercial and
industrial customer contracts, which includes supply service to
approximately 6,000 locations. This acquisition continues the
strategic buildout of UGIES’ growing retail natural gas
business.
UGIES is committed to a seamless transition for the newly
acquired customers that are located primarily in Pennsylvania and
New Jersey. “We are excited to welcome the SJE customers to the
UGIES family of businesses,” said Joseph Hartz, president of UGIES.
“This acquisition allows us to build upon our already strong
commercial and industrial retail business in the mid-Atlantic
region,” Hartz continued.
“UGI views the acquisition of South Jersey Energy’s retail
natural gas business as part of our strategy to grow through
transactions that complement our core business and bring value to
consumers and the company,” said John Walsh, president and CEO of
UGI Corporation.
About UGI Energy Services LLC
UGI Energy Services LLC markets natural gas, electricity and
liquid fuels to commercial, institutional and industrial customers
at approximately 43,000 locations in 10 eastern states and
Washington, D.C. UGI Energy Services owns and operates natural gas
midstream assets such as liquefied natural gas storage and
vaporization, underground storage fields, gathering, intra and
interstate pipeline systems and compressor stations. These assets
support the retail business as well as our electric generation
assets, and peaking plants. To learn more about UGI Energy
Services, visit: http://www.ugies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005203/en/
UGI Energy Services LLC Media Contact:Pam Witmer, V.P.
Governmental Affairs, 717-579-8735
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