UGI (UGI) 10-K 2008 FY Annual report

EXHIBIT 21

SUBSIDIARIES OF UGI CORPORATION

				STATE OF
SUBSIDIARY	OWNERSHIP			INCORPORATION
AMERIGAS, INC.		100	%	PA
AMERIGAS PROPANE, INC.		100	%	PA
AmeriGas Partners, L.P.		(1	)	DE
AmeriGas Finance Corp.				DE
AmeriGas Eagle Finance Corp.				DE
AP Eagle Finance Corp.				DE
AmeriGas Propane, L.P.		(2	)	DE
AmeriGas Propane Parts & Service, Inc.				PA
AmeriGas Eagle Propane, L.P.		(3	)	DE
AmeriGas Eagle Parts & Service, Inc.				PA
AmeriGas Eagle Propane, Inc.				DE
AmerE Holdings, Inc.				DE
AmeriGas Eagle Holdings, Inc.				DE
Active Propane of Wisconsin, LLC				DE
AmeriGas Technology Group, Inc.		100	%	PA
Petrolane Incorporated		100	%	PA
FOUR FLAGS DRILLING COMPANY, INC.		100	%	PA
ASHTOLA PRODUCTION COMPANY		100	%	PA
UGI ETHANOL DEVELOPMENT CORPORATION		100	%	PA
NEWBURY HOLDING COMPANY		100	%	DE
UGI ENTERPRISES, INC.		100	%	PA
EASTFIELD INTERNATIONAL HOLDINGS, INC.		100	%	DE
EUROGAS HOLDINGS, INC.		100	%	DE
UGI BLACK SEA ENTERPRISES, INC.		100	%	PA
UGI CHINA, INC.		100	%	DE
UGI HVAC SERVICES, INC.		100	%	DE
UGI ENERGY SERVICES, INC. (d/b/a GASMARK®)		100	%	PA
Energy Services Funding Corporation		100	%	DE
Hellertown Pipeline Company		100	%	PA
Homestead Holding Company		100	%	DE
UGI Asset Management, Inc.		100	%	DE
Atlantic Energy, Inc.		100	%	DE
UGI Development Company		100	%	PA
UGID Holding Company		100	%	DE
UGI Hunlock Development Company		100	%	PA
UGI LNG, Inc.		100	%	DE
UGI HVAC ENTERPRISES, INC.		100	%	DE
Denny’s Electric Service, Inc.		100	%	PA
UGI INTERNATIONAL (CHINA), INC.		100	%	DE
UGI INTERNATIONAL (ROMANIA), INC.		100	%	PA
UGI INTERNATIONAL ENTERPRISES, INC.		100	%	PA
UGI Europe, Inc.		100	%	DE
UGI International Holdings BV		100	%	NETHERLANDS
UGI Bordeaux Holding		100	%	FRANCE
AGZ Holding (4)		99.99	%	FRANCE
Antargaz (5)		99.99	%	FRANCE
Wogegal		100	%	FRANCE
Aquitaine Rhone Gas		100	%	FRANCE
Gaz Est Distribution		100	%	FRANCE
Norgal		52.66	%	FRANCE
Rhone Gaz		50.62	%	FRANCE
Sigap Ouest		66	%	FRANCE
Sobegal		72	%	FRANCE

				STATE OF
SUBSIDIARY	OWNERSHIP			INCORPORATION
FLAGA GmbH (6)		100	%	AUSTRIA
ECO Energietechnik GmbH (7)		100	%	AUSTRIA
FLAGA Suisse GmbH		100	%	SWITZERLAND
UGI ROMANIA, INC.		100	%	PA
UGI PROPERTIES, INC.		100	%	PA
UGI UTILITIES, INC.		100	%	PA
UGI ENERGY VENTURES, INC.		100	%	DE
UGI PENN NATURAL GAS, INC.		100	%	PA
UGI Penn HVAC Services, Inc.		100	%	PA
UGI STONERIDGE I, LLC		100	%	DE
UGI STONERIDGE I, LLC		100	%	DE
UNITED VALLEY INSURANCE COMPANY		100	%	VT

(1)	AmeriGas Propane, Inc. and its subsidiary, Petrolane Incorporated, hold a combined 44% (approx.) interest in AmeriGas Partners, L.P.
(2)	1.0101% owned by AmeriGas Propane, Inc. , the General Partner; and 98.9899% owned by AmeriGas Partners, L.P., the Limited Partner.
(3)	99.9% owned by AmeriGas Propane, L.P. and <0.1% owned by AmeriGas Eagle Holdings, Inc. (GP) and an unrelated third party.
(4)	A nominal share is held by each of Lon R. Greenberg, Peter Kelly, François Varagne, Robert W. Krick and Robert H. Knauss.
(5)	A nominal share is held by each of Lon R. Greenberg, Peter Kelly, François Varagne, Donald J. Groth, Robert H. Knauss and Matthew A. Woodward.
(6)	Josef Weinzierl owns a nominal share. The remaining shares are owned by UGI International Holdings BV.
(7)	Josef Weinzierl owns a nominal share. The remaining shares are owned by Flaga GmbH.