Philadelphia

Further building its Northeast base, Philadelphia-based UGI Corp. Thursday announced that its energy marketing subsidiary, UGI Energy Services, Inc., has agreed to acquire the northeast region gas marketing business of TXU Energy. Terms of the transaction were not disclosed.

Pennsylvania regulators have said Philadelphia Gas Works (PGW) can retain 60% of the $17.58 million in over-collections that the utility had hoped to use to keep its debt-ridden operations afloat during the first month of the New Year.

Pennsylvania regulators have said Philadelphia Gas Works (PGW) can retain 60% of the $17.58 million in over-collections that the utility had hoped to use to keep its debt-ridden operations afloat during the first month of the New Year.

Granting the company’s mid-August petition, the Pennsylvania Public Utility Commission (PUC) approved Philadelphia Gas Works’ proposal to reduce rates for its natural gas customers. The reduction will result in a $171 million cut in rates for its more than 520,000 residential, commercial and industrial customers (see Daily GPI, Aug. 20).

At the Republican National Conference in Philadelphia last week,Republicans unveiled an energy platform that was highly critical ofthe existing policies of the Department of Energy (DOE), theFederal Energy Regulatory Commission and the EnvironmentalProtection Agency (EPA).

At the Republican National Conference in Philadelphia this week,Republicans unveiled an energy platform that was highly critical ofthe existing policies of the Department of Energy (DOE), theFederal Energy Regulatory Commission and the EnvironmentalProtection Agency (EPA).

Philadelphia-based Resource America Inc. announced it has signedan agreement to acquire the stock of Viking Resources Corp., aprivately held energy and energy finance company based in NorthCanton, OH, and centered in the Appalachian Basin.

Philadelphia-based Resource America Inc. announced it has signedan agreement to acquire the stock of Viking Resources Corp., aprivately held energy and energy finance company based in NorthCanton, OH, and centered in the Appalachian Basin.