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UGI Gas

UGI Utilities, Inc. — Gas Division

PA · gas

Current parent
UGI Corporation

UGI

Open cases
1
Updated
Jul 20, 2026

Current economics

Rate base
$4.32B

utility request · Sep 30, 2027

Source ↗
Authorized ROE
10.25%

mechanism authorized · Jun 18, 2026

Source ↗
Authorized common-equity ratio
Not specified

authorized · Sep 11, 2025

Source ↗

Oversight and service

Regulatory history

Effective dateProceedingROECommon equityRate base
CurrentCurrent natural-gas profile

Natural gas · Latest supported values

10.25%

Authorized mechanism · Jun 18, 2026

Sep 30, 2027UGI Utilities Gas Division general rate case

R-2025-3059523 · Fully projected future period ending September 30, 2027 · Natural gas

Compare stages

ROE

Utility request 10.75% → Consumer advocate 8.8% → Staff position 9.81% → Settlement —

Common equity

Utility request 54.25% → Settlement —

Settlement · Jul 9, 2026

Settlement · Jul 9, 2026

$4.32B

Utility request · Sep 30, 2027

Sep 11, 2025UGI Utilities Gas Division general rate case

R-2024-3052716 · Fully projected future test year ending September 30, 2026 · Natural gas

Compare stages

ROE

Utility request 11.2% → Authorized —

Common equity

Utility request 54.11% → Authorized —

Rate base

Utility request $4B → Authorized —

Authorized · Sep 11, 2025

Authorized · Sep 11, 2025

Authorized · Sep 11, 2025

View full observation log (30)
MetricDateStageValueScope
Residential monthly bill impactSep 11, 2025authorized6.7%Average residential heating customer using 72.9 ccf; $103.57 to $110.51.
Common equity ratioJan 27, 2025utility request54.11%Requested common-equity share of ratemaking capital.
Overall rate of returnSep 11, 2025authorizedAuthorized overall rate of return under the approved black-box settlement.
Overall rate of returnJan 27, 2025utility request8.42%Requested weighted overall rate of return.
Rate baseSep 11, 2025authorizedAuthorized rate base under the approved black-box settlement.
Rate baseJan 27, 2025utility request$4BRequested FPFTY rate base.
Return on equitySep 11, 2025authorizedAuthorized return on equity under the approved black-box settlement.
Return on equityJan 27, 2025utility request11.2%Requested return on common equity.
Annual revenue changeSep 11, 2025authorized$69.5M/yearApproved annual distribution operating-revenue increase.
Residential monthly bill impactJul 6, 2026settlement5.7%Average residential heating total bill across both settlement steps; $113.76 currently, $117.69 after step one, and $120.21 after step two.
Return on equityJun 18, 2026mechanism authorized10.25%Commission-approved ROE for UGI Gas's Distribution System Improvement Charge
Common equity ratioSep 11, 2025authorizedAuthorized base-rate common-equity ratio; no standalone value adopted in the black-box settlement
Common equity ratioJan 28, 2026utility request54.25%proposed ratemaking capital structure
Common equity ratioJul 9, 2026settlementproposed settlement ratemaking capital structure
Annual revenue changeOct 8, 2020authorized$20M/yearPrior authorized observation
Annual revenue changeJan 28, 2020utility request$74.6M/yearPrior authorized observation
Annual revenue changeSep 15, 2022authorized$49M/yearPrior authorized observation
Annual revenue changeJan 28, 2022utility request$82.7M/yearPrior authorized observation
Annual revenue changeJan 27, 2025utility request$110.4M/yearPrior authorized observation
Rate baseSep 30, 2027utility request$4.32BFully projected future-period total rate base
Annual revenue changeJun 5, 2026consumer advocate$-15.4M/yearOCA updated revenue recommendation; decrease
Annual revenue changeJun 19, 2026utility rejoinder$91.44M/yearrevised natural-gas distribution base-rate claim
Annual revenue changeJan 28, 2026utility request$99.37M/yearnatural-gas distribution base rates
Annual revenue changeJul 9, 2026settlement$65M/yearproposed two-step distribution base-rate settlement
Annual revenue changeMay 8, 2026staff$53.39M/yearI&E initial revenue recommendation
Annual revenue changeJun 5, 2026staff$56.71M/yearI&E updated surrebuttal recommendation
Return on equityMay 8, 2026consumer advocate8.8%OCA direct-testimony recommendation
Return on equityJan 28, 2026utility request10.75%proposed common-equity return
Return on equityJul 9, 2026settlementproposed settlement return on equity
Return on equityMay 8, 2026staff9.81%I&E direct-testimony recommendation