Energy Price/Supply Briefing Conducted for
Central Pennsylvania Business Leaders
Lewisburg, Pa. (May 15, 2015) – Today, nearly 100 business leaders gathered in Lewisburg for the Think About Energy briefing hosted by America’s Natural Gas Alliance (ANGA), UGI Utilities, Inc., UGI Energy Services and the Greater Susquehanna Valley Chamber of Commerce.
The energy briefing – the seventh in a series of briefings that have been held throughout Pennsylvania this past year – focused on the supply outlook for natural gas and natural gas liquids, as well as provided attendees with information on production, consumption trends, utilization opportunities and infrastructure developments.
Rob Boulware, manager of stakeholder relations for Seneca Resources, represented ANGA during the panel discussion and stressed the numerous benefits that locally produced natural gas has provided for Pennsylvania families and businesses.
Paul Hartman, regional state affairs director for ANGA, added that the benefits are widespread.
“The Marcellus Shale’s record-setting production allows us to deliver affordable and clean energy for power generation, manufacturing and even export,” Hartman said. “But making the most of this moment requires connecting abundance to opportunity, which is why it is so critical that policymakers and communities support new infrastructure projects. This will enable all Pennsylvanians to fully benefit from the commonwealth’s abundant natural gas supplies.”
Bruce Davis, manager of regional sales for UGI Utilities, Inc., and Anthony Cox, director of midstream business development for UGI Energy Services, provided additional information focused on Pennsylvania markets and local customers.
“UGI customers are seeing savings of more than 40 percent over their natural gas bills from five years ago,” Davis said. “Commercial customers who have converted to natural gas are seeing savings of 50 percent or more as a result of this unprecedented period of stable cost and plentiful supply. The long-term forecast of plentiful supply and stable prices makes natural gas the logical choice to encourage economic growth and business success.”
Cox emphasized the importance of infrastructure development in delivering plentiful supplies to market.
“As the infrastructure required to bring additional supplies of Marcellus Shale to market continues to develop,” Cox said, “there will be even greater availability of natural gas for business customers throughout Pennsylvania, resulting in lower and more stable energy pricing. This is a tremendous opportunity for Pennsylvania businesses to take advantage of a homegrown resource.”
About America’s Natural Gas Alliance – Representing North America’s leading independent natural gas exploration and production companies, America’s Natural Gas Alliance (ANGA) works with industry, government and customer stakeholders to promote increased demand for and continued availability of our nation’s abundant natural gas resource for a cleaner and more secure energy future. Learn more about ANGA at www.anga.us. Follow us on Twitter, @ANGAus.
About UGI Utilities Inc. — Headquartered in Reading, Pa., the company serves more than 670,000 customers in 45 Pennsylvania counties and one county in Maryland. Customers interested in additional information can visit the UGI website at www.ugi.com; on Facebook at www.facebook.com/ugiutilities; and Twitter at www.twitter.com/ugi_utilities.
About UGI Energy Services – UGI Energy Services is an integrated energy marketing and asset-based company operating throughout the Northeast and Mid-Atlantic regions.
UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 43,000 commercial, industrial, institutional, government, and residential customers in nine states as well as the District of Columbia. Additionally, UGI Energy Services buys and sells energy commodities at the wholesale level and owns and operates a variety of electric generation assets in Pennsylvania as well as a variety of midstream natural gas assets that support the storage, transportation and delivery of natural gas. Additional information is available at www.ugies.com.
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