UGI Energy Services Reduces Greenhouse Gas Emissions 30% By Selling Its Stake In Conemaugh Coal-Fired Power Plant In Indiana County

On October 7, UGI Energy Services announced it has reduced its greenhouse gas emissions by 30 percent by selling its 6 percent stake in the Conemaugh coal-fired power plant in Indiana County to Montour, LLC, a subsidiary of Talen Energy based in Allentown, as part of its strategic Environmental, Social and Governance Initiatives.

UGI is also actively investing to ensure it is well positioned to deliver renewable and sustainable energy solutions for its 3 million customers. One recent example is UGIES’ acquisition of GHI, a leading renewable natural gas (“RNG”) business in California. 

The GHI acquisition is a strategic investment that represents a growth opportunity in the renewable energy space and positions the Company to make additional investments in this rapidly developing area of renewable energy solutions.

UGI remains equally focused on the social aspect of its commitments to stakeholders. In alignment with UGI’s values to promote diversity, the Company recently created the Belonging, Inclusion, Diversity, & Equity (“BIDE”) Initiative. 

BIDE provides the blueprint for achieving greater diversity of thought, experience, culture, gender, race, and sexual orientation throughout the organization. 

As part of this initiative, UGI established new partnerships with the Urban Affairs Coalition and Big Brothers Big Sisters, further demonstrating UGI’s commitment to the communities it serves.

UGI also recently disclosed ESG metrics via the Sustainability Accounting Standards Board framework and the American Gas Association template to provide greater non-financial disclosure to our stakeholders.

 The Company also published a number of new policies including Human Rights, Supplier Code of Conduct, and Environmental, among others. These disclosures and policies can be found at UGI’s new ESG website.

John L. Walsh, President and Chief Executive Officer of UGI Corporation, said, “I am pleased with the progress we are making on ESG, which represents a critical mandate for the company. The sale of Conemaugh will reduce UGI’s direct emissions by over 30 percent and the GHI acquisition will provide a platform for RNG growth. Additionally, the BIDE initiative, coupled with our new policies, represents an important step forward for UGI and aligns with the Company’s vision and values. We remain committed to growing our business responsibly, while meeting the social needs of our customers, employees, and communities. UGI is proud of the work we’ve accomplished on our ESG initiatives and looks forward to communicating additional progress in the future.”

For more information, visit UGI’s Environmental, Social and Governance Initiatives webpage.

[Posted: October 7, 2020]  PA Environment Digest