Specialist
Former Director at Columbia Midstream Group LLC
Agenda
- Key utility services industry trends
- Competitive landscape and UGI Energy Services’ (NYSE: UGI) positioning
- UGI Energy’s acquisition of Columbia Midstream and ability to maximise synergies
- Outlook for 2019 and beyond
Questions
1.
Can we start with your updated perspective on the UGI Energy-Columbia Midstream deal, and the key themes and trends you are finding noteworthy across the broader market?
2.
Can you outline the markets for Columbia and elaborate on the individual assets that were purchased, to clarify this lack of duplication around UCI’s entry to the midstream?
3.
What kind of investment do you think it is appropriate to make in order for these 1940s and 1950s Columbia assets to carry more gas?
4.
What do you think UGI can do to offset those dropping gas volumes? Is it just due to the market there?
5.
You mentioned being run as a utility vs a midstream asset and the different regulatory pieces there. What is your perspective on the management strategy at UGI, and the integration challenges and hurdles that you think we should monitor particularly closely?
6.
Given the environment and the number of moving pieces with the natural gas pricing story, what is your outlook for northeast production, highlighting any noteworthy dynamics there?
7.
Can we explore the UGI assets and the integration into Columbia?
8.
Do you have any concluding comments on UGI’s acquisition of Columbia Midstream?
