Inventories

9 Months Ended

Jun. 30, 2011

Inventories [Abstract]

Inventories

5. Inventories

Inventories comprise the following:

	June 30,		September 30,		June 30,
	2011		2010		2010
Gas Utility natural gas	$	50,082	$	111,531	$	60,272
Materials, supplies and other		8,669		7,327		7,339
Total inventories	$	58,751	$	118,858	$	67,611

At June 30, 2011, UGI Utilities is a party to three storage contract administrative agreements (“SCAAs”) two of which expire in October 2012 and one of which expires in October 2013 (see Note 10). Pursuant to these and predecessor 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 the SCAAs at June 30, 2011, September 30, 2010 and June 30, 2010 comprising 6.0 billion cubic feet (“bcf”), 11.7 bcf, and 6.4 bcf of natural gas, was $28,633, $62,653 and $35,322, respectively. In conjunction with the SCAAs, at June 30, 2011, September 30, 2010 and June 30, 2010, UGI Utilities held a total of $22,500 of security deposits received from its SCAA counterparties. These amounts are included in other current liabilities on the Condensed Consolidated Balance Sheets.