UGI Corporation amended its credit agreement on October 28, 2026, raising its revolving commitments by $225 million to $700 million. It also added a new $300 million senior secured revolving facility to fund possible conversions of its 5.00% convertible senior notes due 2028, according to an 8-K filing. The amendment extends the existing revolving and term loan facilities to March 31, 2030. That date moves up to 91 days before the notes mature if more than $210 million of them remains outstanding. The new facility matures June 30, 2027, with a one-time, one-year extension available. It is secured by UGI's equity in its Material Subsidiaries, with some exceptions.

Pennsylvania regulators approve UGI Gas rate increase, customer charge changes and a weather-normalization pilot for 706,000 customers. * October 3, 2026 7:31 am Oct 2, 2026 HARRISBURG, PA - Pennsylvania regulators have approved a new settlement that will raise UGI Gas rates, but by less than the company originally requested. The Pennsylvania Public Utility Commission voted 3-1 to adopt the recommendation of two administrative law judges and approve the settlement without changes. The agreement covers UGI's natural gas distribution service, which reaches about 706,000 residents and businesses across 46 counties in Pennsylvania. It also includes a phased-in customer bill increase, a smaller jump in the monthly customer charge, a multi-year pause on new base-rate requests and a pilot program tied to weather-related billing adjustments. How the approved rate increase will be phased in. Under the settlement, UGI will receive an additional $65 million in annual operating revenue, equal to a 5.3% increase. That is below the company's original request for $99.368 million, or 8.05%. The new revenue will be phased in over two steps to soften the impact on customers. UGI will collect $40 million starting Oct. 1, 2026, and the remaining $25 million beginning Oct. 1, 2027. For a typical residential customer using 68.8 Ccf per month, the average bill will rise by $6.45 over the two phases. That means the monthly bill will move from $113.76 to $117.69 in the first step, then to $120.21 in the second. Monthly customer charge will rise from $16.25 to $20. The settlement also changes the residential customer charge that appears on monthly bills. UGI had asked to raise that charge from $16.25 to $23 per month, but regulators approved a smaller increase. Instead, the customer charge will climb to $19 on Oct. 1, 2026, and then to $20 on Oct. 1, 2027. That means the approved increase is incremental rather than immediate, with the final charge still below the company's original proposal. The commission said the broader settlement was the product of a joint petition filed by the PUC's independent Bureau of Investigation & Enforcement, UGI, the Office of Consumer Advocate, the Office of Small Business Advocate and the Retail Energy Suppliers Association. CAUSE-PA also said it did not oppose the agreement. UGI agrees to wait until 2029 before seeking another base-rate hike. A key part of the settlement is a stay-out provision that bars UGI from filing another base rate increase until at least Jan. 15, 2029. That gives customers and regulators a longer period before another major rate case can be pursued. The agreement follows public review of the case, including 12 public input hearings held by the PUC in early spring. Those hearings gave customers a chance to weigh in on the utility's request and the proposed settlement terms. The settlement was approved after administrative law judges F. Joseph Brady and Alphonso Arnold III recommended adoption without modification. The commission then backed that recommendation in its 3-1 vote. New weather-normalization pilot changes how bills respond to warm and cold periods. The settlement also creates a second weather normalization adjustment pilot. The charge is designed to help balance utility revenue when temperatures run warmer than normal, while providing bill credits when weather is colder than expected. This new pilot will begin Nov. 1, 2027, and continue through UGI's next base rate proceeding. Customers enrolled in UGI's customer assistance programs will not be included, and a 5% deadband will apply. Weather normalization is intended to reduce the effect of unusual weather on distribution revenues. In practical terms, it changes charges up or down based on how far actual conditions deviate from historical norms. Settlement expands help for low-income customers and domestic violence survivors. Several customer assistance measures are built into the agreement, with a focus on helping low-income households stay connected to service. The settlement calls for automatic enrollment and recertification for UGI's Customer Assistance Programs when customers qualify for help through LIHEAP. UGI will also make a one-time additional contribution of $250,000 to its Hardship Fund, while maintaining total annual contributions of $1.5 million. An expanded arrearage forgiveness pilot will begin April 1, 2027, giving income-qualified customers a 24-month payment plan on 50% of current arrears. Other provisions include monthly review of security deposits, renewed low-income screening for new and moving customers, and updated protections for victims of domestic violence. The agreement also calls for a collaborative on targeted customer communications about natural gas shopping. Pipeline safety reporting and methane-detector review remain part of the deal. The settlement includes several gas-safety commitments as well. UGI will continue reporting to the PUC's Pipeline Safety Division on pipeline restoration costs and on its ten most expensive restoration projects from the prior three years. The company must also share any analysis produced when a Gas Technology Institute pilot program studying Smart Remote Methane Detectors concludes. In addition, UGI agreed to host a technical conference for commission personnel, parties to the case and other natural gas distribution companies. That conference will review the GTI pilot results and discuss policy and operational questions related to broader use of Remote Methane Detectors and Smart Remote Methane Detectors. Case documents are listed under PUC Docket No. R-2025-3059523. Live weather alerts and forecasts from JM Rocket Reporter.