EXHIBIT 12.1

UGI UTILITIES INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Thousands of dollars)



|                                                                    |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|------------------------------------------------------------------- |  | --------------------------- | ------ | ------------------------ | ---- | ------- | ---- | - | ------- |  | - | ------- |  | - | ------
|                                                                    |  | NineMonthsEndedJune 30,2006 |        | Year Ended September 30,
|                                                                    |  |                             | 2005   |                          | 2004 |         | 2003 |   | 2002   
|Earnings:                                                           |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|Earnings before income taxes                                        |  | $                           | 80,863 |                          | $    | 84,953  |      | $ | 83,098  |  | $ | 100,212 |  | $ | 73,665
|Interest expense                                                    |  |                             | 16,138 |                          |      | 18,079  |      |   | 17,698  |  |   | 17,412  |  |   | 16,365
|Amortization of debt discount and expense                           |  |                             | 162    |                          |      | 247     |      |   | 233     |  |   | 244     |  |   | 287   
|Estimated interest component of rental expense                      |  |                             | 1,238  |                          |      | 1,568   |      |   | 1,477   |  |   | 1,434   |  |   | 1,563 
|                                                                    |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|                                                                    |  | $                           | 98,401 |                          | $    | 104,847 |      | $ | 102,506 |  | $ | 119,302 |  | $ | 91,880
|                                                                    |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|Fixed Charges:                                                      |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|Interest expense                                                    |  | $                           | 16,138 |                          | $    | 18,079  |      | $ | 17,698  |  | $ | 17,412  |  | $ | 16,365
|Amortization of debt discount and expense                           |  |                             | 162    |                          |      | 247     |      |   | 233     |  |   | 244     |  |   | 287   
|Allowance for funds used during construction (capitalized interest) |  |                             | 70     |                          |      | 22      |      |   | 11      |  |   | 7       |  |   | 19    
|Estimated interest component of rental expense                      |  |                             | 1,238  |                          |      | 1,568   |      |   | 1,477   |  |   | 1,434   |  |   | 1,563 
|                                                                    |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|                                                                    |  | $                           | 17,608 |                          | $    | 19,916  |      | $ | 19,419  |  | $ | 19,097  |  | $ | 18,234
|                                                                    |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |       
|Ratio of earnings to fixed charges                                  |  |                             | 5.59   |                          |      | 5.26    |      |   | 5.28    |  |   | 6.25    |  |   | 5.04  
|                                                                    |  |                             |        |                          |      |         |      |   |         |  |   |         |  |   |