1 Pricing Supplement No. 4 Filing Under Rule 424(b)(3) Dated: December 22, 2000 Registration No. 333-4288 (To Prospectus dated May 7, 1996 as supplemented by Prospectus Supplements dated August 1, 1996 and June 18, 1998) $107,000,000 UGI UTILITIES, INC. SERIES B MEDIUM-TERM NOTES PRINCIPAL AMOUNT: $20,000,000 CUSIP: 90269QAG4 FIXED RATE NOTE: YES AMORTIZING NOTE: YES NO X INDEXED NOTE: YES NO X FLOATING RATE NOTE: NO ------ ------- ------ ------- (SEE BELOW) (SEE BELOW) (SEE BELOW) FIXED RATE NOTES/FLOATING RATE NOTES: Original Issue Date: December 27, 2000 Interest Rate (if fixed rate): 7.135% Subject to change before maturity date: Yes (See Below) No x ----- ------- Maturity Date: 12/27/05 Issue Price (as a percentage of principal amount): 100% Presenting Agent/Principal: Credit Suisse First Boston Corporation Commission (%): 0.50% Net Proceeds to the Company (%): 99.50% Redemption Commencement Date (if any): N/A Repayment Dates (if any): N/A Redemption Price: N/A Repayment Price: N/A Interest Payment Dates: May 15, Nov 15 Original Issue Discount Note: Yes: No: x ---- ------- If Yes: Yield to Maturity: Initial Accrual Period: OID Default Amount: Reset of Interest Rate, Spread or Spread Multiplier: Yes: (See Below) No: x ---- ------- Any material United States income tax consequences of purchasing, holding or disposing of the Notes: A/S: x Other: ------- --------------- FLOATING RATE NOTES: Base Rate: _____ CD Rate _____ Commercial Paper Rate _____ Federal Funds Rate _____ LIBOR (See Below) _____ Prime Rate _____ Treasury Rate _____ Other (See Below) Index Maturity: Spread (plus or minus): Subject to change before maturity date: Yes_____(See Below) No_____ Spread Multiplier: Subject to change before maturity date: Yes_____(See Below) No_____ Maximum Interest Rate: Minimum Interest Rate: Initial Interest Period: Initial Interest Rate: Interest Reset Periods: Interest Reset Dates: Interest Determination Dates: Calculation Dates: A/S Regular Record Date: A/S NO ADDITIONAL TERMS As of the date of this Pricing Supplement the aggregate initial public offering price of the Notes (as defined in the Prospectus Supplement) which have been sold (including the Notes to which this Pricing Supplement relates) is $75,000,000; and the aggregate initial public offering price of Debt Securities (as defined in the Prospectus) which have been sold (including the Notes to which this Pricing Supplement relates) is $75,000,000. "N/A" as used herein means "Not Applicable", "A/S" as used herein means "As stated in the Prospectus Supplement referred to above." CREDIT SUISSE FIRST BOSTON