The Pennsylvania Utility Commission ("PUC") has fined UGI's subsidiary for not properly following rules and regulations regarding emergency procedures. The fine was $40,000.
UGI reports net income of $15.7 million for Q3 of FY08 compared to $11.5 million for Q3 of FY07. International propane has reversed a $3.3 million dollar lost one year prior with a net income of $2.5 million dollars.
IEA forecast OPEC to reach near maximium production capacity in 2012 while demand for oil and gas is expected to rise at a brisk pace beyound 2012.