Bresnahan Raises Concerns Over Public Utility Rate Increases

WASHINGTON, DC: Today, U.S. Representative Rob Bresnahan, Jr. (PA-08) released the below statement following news of UGI Utilities – Gas Division’s request to raise rates by $110.4 million per year. This request, which was made to the Pennsylvania Public Utility Commission yesterday, would go into effect on March 28, 2025, and would result in a 10.8% increase for residential customers. 

“As Northeastern Pennsylvanians continue to struggle with high living costs, it is infuriating to see a public utility company request to raise rates by over 10%,” said Rep. Bresnahan. “It's unacceptable that NEPA families are fighting to keep their homes warm while corporate executives stand at the trough collecting multi-million-dollar compensation packages. UGI should expect to answer for the fiscally irresponsible mismanagement of this essential service.”

UGI Utilities, a subsidiary of UGI Corporation (NYSE: UGI), most recently raised rates on December 1, 2024, when the rate for residential customers increased by 8.7%. UGI Corp. had a net income of $269 million in Fiscal Year 2024. Additionally, it was announced yesterday that UGI, in partnership with Stonehenge Energy Resources III, completed a $120 million acquisition of Superior Midstream Appalachian, LLC, with UGI holding a 49% ownership interest. 

Local outlets including The Citizens’ Voice, WBRE/WYOU, and WNEP published stories about UGI’s rate increase request this week. 

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