VALLEY FORGE, PA — UGI Corporation (NYSE: UGI) announced that a subsidiary, UGI Energy Services, LLC, sold its ownership stake in the Conemaugh coal-fired power generation station to Montour, LLC.
UGI held an ownership share of approximately 6%, or 102 MW of the Conemaugh facility, located near Johnstown in Western Pennsylvania.
The sale of this non-core asset will reduce UGI’s direct CO2 equivalent emissions by more than 30% and is consistent with our focus on growing our Midstream and Utilities businesses, as we intensify our Environmental, Social, and Governance (“ESG”) efforts.
“The sale of our ownership stake in the Conemaugh facility is another step toward achievement of our Company’s ambitious greenhouse gas emission reduction target, part of our ESG initiative,” said Robert F. Beard, Executive Vice President – Natural Gas, for UGI Corporation.
“We’re committed to substantially reducing the impact of our operations on our environment, contributing significantly to the health and well-being of the communities we serve, and providing our customers with renewable, affordable energy solutions,” Mr. Beard stated.
Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.