UGI and America’s Natural Gas Alliance Hosts Briefing on Energy Economic Forecast for 2015
10 Nov 2014
Harrisburg, Pa. (November 10, 2014) — America’s Natural Gas Alliance (ANGA), UGI Utilities Inc. and UGI Energy Services hosted more than 70 Central Pennsylvania businesses and community leaders today for a 2015 Energy Economic Forecast at the Harrisburg Hilton.
Today’s event, a continuation of the “Think About Energy” Briefing series, featured a 2015 natural gas outlook from Erica Bowman, vice president of research and policy analysis for ANGA. Bowman focused on 2015 supply and production forecasts, variables that could impact prices, as well as an overview of natural gas utilization trends by sector.
“Our Think About Energy briefings have really opened the door to more sophisticated energy discussions at a time when Pennsylvania finds itself at the center of a revolutionary shift in our energy security picture,” Bowman said. “Greater use of natural gas in power generation, manufacturing, transportation and exports offers a multitude of benefits for Pennsylvania and for our nation and I am pleased to be able to share ANGA’s views at this important time.”
Robert Powelson, chairman of the Pennsylvania Public Utility Commission, made opening remarks and offered insights into the Commonwealth’s advantages in energy supply.
“As we all know, Pennsylvania is uniquely situated squarely in the Marcellus Shale footprint and thus has the tremendous opportunity to benefit from its resources,” Powelson said.
In addition, Daniel Adamo, director of marketing programs and strategy for UGI Utilities, Inc., and Kevin Kelleher, director of business development for UGI Energy Services, provided information focused on Pennsylvania markets and local customers.
“UGI customers are seeing savings of more than 30 percent over their natural gas bills from five years ago,” Adamo 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.”
Kelleher emphasized the importance of infrastructure development in delivering plentiful supplies to market.
“Last winter, we saw what happens when the infrastructure gap resulted in demand outstripping supply in natural gas and electricity markets in Pennsylvania and surrounding states,” Kelleher noted. “As the infrastructure required to bring additional supplies of Marcellus Shale to market continues to develop, there will be even greater availability of natural gas for business customers in eastern and central 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 largest 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 our nation’s abundant natural gas resource for a cleaner and more secure energy future and to ensure its continued availability. Learn more about ANGA at www.anga.us.
About UGI Utilities Inc. — Headquartered in Reading, Pa., the company serves more than 660,000 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.
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