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Stock impact report

Pennsylvania PUC seeks $2.7 million in civil penalties from UGI over West Reading chocolate factory explosion [CBS News]

UGI Corporation (UGI) 
Last ugi corporation earnings: 2/5 04:18 pm Check Earnings Report
Company Research Source: CBS News
Palmer Company in West Reading. The PUC's Bureau of Investigation and Enforcement announced Wednesday that the agency has filed a formal complaint against the utility company and is seeking more than $2.5 million in civil penalties along with the enforcement of numerous corrective safety measures. The Berks County chocolate factory explosion killed seven people and injured 10 others in March 2023. A National Transportation Safety Board investigation determined natural gas, which was being transported through a UGI Corporation-owned pipeline, leaked into a Palmer building basement. The gas ignited, resulting in the explosion and fire One Palmer factory building was completely destroyed and another was severely damaged. Three families were displaced from a nearby apartment building that was also damaged in the blast. According to I&E, the overall cost of the property damage was approximately $42 million. Among the more than two dozen violations outlined in the complaint, I&E all Show less Read more
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