Inventories

Inventories comprise the following:



	June 30, 2013		September 30, 2012		June 30, 2012
Gas Utility natural gas	$	43,052	$	57,663	$	27,761
Materials, supplies and other	10,946		9,671		10,652
Total inventories	$	53,998	$	67,334	$	38,413

At June 30, 2013, UGI Utilities is a party to three principal storage contract administrative agreements (“SCAAs”) with Energy Services, Inc. (“Energy Services”), a second-tier, wholly owned subsidiary of UGI, one of which expires in October 2013 and two of which expire in October 2015 (see Note 9). Pursuant to SCAAs, UGI Utilities has, among other things, released certain storage and transportation contracts for the terms of the SCAAs. UGI Utilities also transferred certain associated storage inventories upon commencement of the SCAAs, will receive a transfer of storage inventories at the end of the SCAAs, and makes payments associated with refilling storage inventories during the terms of the SCAAs. The historical cost of natural gas storage inventories released under the SCAAs, which represents a portion of Gas Utility’s total natural gas storage inventories, and any exchange receivable (representing amounts of natural gas inventories used by the other parties to the agreement but not yet replenished), are included in the caption “Gas Utility natural gas” in the table above.

The carrying value of gas storage inventories released under UGI Utilities’ principal SCAAs at June 30, 2013, September 30, 2012 and June 30, 2012, comprising 5.6 billion cubic feet (“bcf”), 11.4 bcf and 6.0 bcf of natural gas, was $24,389, $32,627 and $15,787, respectively. In conjunction with these SCAAs, UGI Utilities held a total of security deposits received from its SCAA counterparties of $16,500 at June 30, 2013, and $22,500 at September 30, 2012 and June 30, 2012. These amounts are included in “Other current liabilities” on the Condensed Consolidated Balance Sheets.