UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 July 28, 1999 (Date of Report) UGI Utilities, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 1-1398 23-1174060 (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation) Number) Identification No.) 100 Kachel Boulevard Green Hills Corporate Center, Suite 400 Reading, Pennsylvania 19607 (Address of principal executive offices) (Zip Code) (610) 796-3400 (Registrant's telephone number, including area code) Item 5. Other Events On July 28, 1999, UGI Corporation ("UGI"), the parent of the Registrant, issued the attached news release reporting UGI's announcement of (1) several strategic and financial initiatives designed to increase shareholder value and position UGI for growth, including a focus on long-term value creation through growth of UGI's existing propane, natural gas and electric businesses, and, in addition, accelerated growth in related and complementary businesses and (2) UGI's termination of its previously announced intention to sell its utility businesses. The news release is included as an exhibit to this report and is incorporated in this Item 5 by reference. Item 7. Financial Statements and Exhibits (c) Exhibits (99) UGI Corporation news release dated July 28, 1999 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UGI UTILITIES, INC. (Registrant) By: /s/ Brendan P. Bovaird ---------------------- Brendan P. Bovaird Vice President and General Counsel Date: July 28, 1999 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- (99) News release dated July 28, 1999.