UGI Subsidiary Announces Plans to Jointly Develop a New Interstate Natural Gas Pipeline with Affiliates of Inergy and WGL

UGI Corporation (NYSE: UGI) today announced that UGI Energy Services, Inc., its midstream and energy marketing subsidiary, has entered into an agreement with Inergy Midstream, L.P. and Capitol Energy Ventures Corp. (a subsidiary of WGL Holdings, Inc.) to jointly market and develop a new interstate pipeline known as the Commonwealth Pipeline.

The proposed 200-mile, 30-inch pipeline is expected to transport at least 800,000 dekatherms per day of natural gas when it is placed in service in 2015 and UGI Energy Services and Capitol Energy Ventures Corp. are expected to execute precedent agreements to become anchor shippers on the line.