UGI's Hunlock gas-fired power plant goes down

Source: UGI

UGI Corporation (NYSE:UGI) announced that on July 28 a failure in a heat recovery steam generator at one of two gas-fueled generating units at its 125-megawatt Hunlock electric generation station caused an unscheduled outage at the plant. 

The company is currently assessing the damage to Hunlock Unit #6. The remaining unit (Unit #5) was not damaged in the incident, but is being held out of service as a precautionary measure. Unit #5 is capable of generating approximately 60 megawatts of electricity and can operate effectively while Unit #6 is out of service. 

“Our near-term focus is to complete our assessment of the damage to Unit #6 and to place the undamaged Unit #5 back in service within a few weeks time,” said Lon R. Greenberg, chairman and CEO of UGI. “The Hunlock plant was not expected to be a significant contributor to earnings in fiscal 2011, thus we anticipate this outage having only a slight adverse affect on our prior guidance of approximately $2.20 per share for the full fiscal year ending September 30, 2011.” 

UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region.

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