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EXHIBIT 10
[UGI LETTERHEAD]
June 18, 1998
Xxxxxxxxx, Xxxxxx & Xxxxxxxx
Securities Corporation
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: UGI Utilities, Inc. Series B Medium-Term Notes
Agency Agreement Amendment
Dear Sirs:
You are currently serving as agent for the placement of UGI Utilities,
Inc. (the "Company") Series B Medium-Term Notes ("Notes") under an Agency
Agreement dated August 1, 1996 ("Agreement"). Paragraph 1 of the Agreement
defines the term "Securities" as ".... up to $75,000,000 aggregate offering
price of its Series B Medium-Term Notes Due More Than Nine Months from Date of
Issue registered under the registration statement referred to in Section 2(a)."
The Company has increased the aggregate principal amount of Notes available for
issuance from $75,000,000 to $107,000,000. The latter amount is equal to the
amount of "Registered Securities" covered by the registration statement
referenced in paragraph 2(a) of the Agreement.
As of June 18, 1998, all references in the Agreement to $75,000,000 as
the aggregate amount of Notes shall be deemed to be references to $107,000,000
aggregate amount of Notes. All other terms and conditions of the Agreement shall
remain unaffected by this amendment.
Please confirm your agreement to this amendment to the Agreement by
signing a copy of this letter and returning it to us in the enclosed
self-addressed envelope.
Very truly yours,
UGI UTILITIES, INC.
By: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
Vice President-Finance & Accounting
Confirmed and Accepted, as of
the date first above written.
Xxxxxxxxx, Xxxxxx & Xxxxxxxx
Securities Corporation
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Senior Vice President
