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Exhibit 99
 Excerpt from Notes 1 and 8 to Fiscal Year 2007 Consolidated Financial Statements of
UGI Corporation and Subsidiaries
 Stock-Based Compensation.
  UGI Stock Option and Incentive Plans.
   1




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UGI Stock Option Awards .
 Weighted
    
    
    Total
    
    
    Weighted Avg.Average
    
    
    Intrinsic
    
    
    Contract TermShares
    
    
    Option Price
    
    
    Value
    
    
    (Years)Shares under option  September 30, 2004
    
    
    5,328,926
    
    
    $
    11.71Granted
    
    
    1,596,100
    
    
    $
    21.13Exercised
    
    
    (1,913,668
    )
    
    $
    8.41
    
    
    $
    30.4Forfeited
    
    
    (58,340
    )
    
    $
    21.91Shares under option  September 30, 2005
    
    
    4,953,018
    
    
    $
    15.95Granted
    
    
    1,159,100
    
    
    $
    20.67Exercised
    
    
    (232,766
    )
    
    $
    11.09
    
    
    $
    2.7Forfeited
    
    
    (35,500
    )
    
    $
    19.26Shares under option  September 30, 2006
    
    
    5,843,852
    
    
    $
    17.06Granted
    
    
    1,326,800
    
    
    $
    27.12Exercised
    
    
    (812,573
    )
    
    $
    13.20
    
    
    $
    11.8Shares under option  September 30, 2007
    
    
    6,358,079
    
    
    $
    19.65
    
    
    $
    40.2
    
    
    
    6.9Options exercisable  September 30, 2005
    
    
    2,093,821
    
    
    $
    12.38Options exercisable  September 30, 2006
    
    
    3,146,952
    
    
    $
    14.56Options exercisable  September 30, 2007
    
    
    3,568,746
    
    
    $
    16.75
    
    
    $
    32.9
    
    
    
    6.0Non-vested options  September 30, 2007
    
    
    2,789,333
    
    
    $
    23.36
    
    
    $
    7.3
    
    
    
    8.2
   Range of exercise prices$6.88 -
    
    
    $12.57 -
    
    
    $18.23 -$10.63
    
    
    $17.01
    
    
    $27.90Options outstanding at September 30, 2007:Number of options
    
    
    421,700
    
    
    
    1,917,476
    
    
    
    4,018,903Weighted average remaining contractual life (in years)
    
    
    3.7
    
    
    
    5.5
    
    
    
    7.8Weighted average exercise price
    
    $
    9.28
    
    
    $
    15.00
    
    
    $
    22.96Options exercisable at September 30, 2007:Number of options
    
    
    421,700
    
    
    
    1,749,476
    
    
    
    1,397,570Weighted average exercise price
    
    $
    9.28
    
    
    $
    14.94
    
    
    $
    21.27
 UGI Stock Option Fair Value Information .
  2




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2007
    
    
    2006
    
    
    2005Expected life of option
    
    6 - 6.75 years
    
    6 years
    
    6 yearsWeighted average volatility
    
    
    21.5
    %
    
    
    21.3
    %
    
    
    17.7
    %Weighted average dividend yield
    
    
    2.9
    %
    
    
    3.4
    %
    
    
    4.1
    %Expected volatility
    
    
    20.8%-21.5
    %
    
    
    21.2%-22.6
    %
    
    
    17.1%-17.8
    %Expected dividend yield
    
    
    2.8% - 2.9
    %
    
    
    2.8%-3.4
    %
    
    
    3.7%-4.2
    %Risk free rate
    
    
    4.3% - 4.7
    %
    
    
    4.3%-4.9
    %
    
    
    3.9%-4.3
    %
 UGI Unit Awards . th th th th
   Grants Awarded in Fiscal2007
    
    
    2006Risk-free rate
    
    
    4.7
    %
    
    
    5.2
    %Expected life
    
    3 years
    
    3 yearsExpected volatility
    
    
    19.6
    %
    
    
    19.8
    %Dividend yield
    
    
    2.6
    %
    
    
    2.8
    %
   3




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Weighted-AverageNumber of
    
    
    Grant Date FairUGI Units
    
    
    Value (per Unit)Non-vested Units  September 30, 2006
    
    
    435,078
    
    
    $
    20.00Granted
    
    
    242,371
    
    
    $
    26.78Forfeited
    
    
    (14,500
    )
    
    $
    25.65Vested
    
    
    (271,180
    )
    
    $
    21.20Non-vested Units  September 30, 2007
    
    
    391,769
    
    
    $
    23.04
    AmeriGas Partners Equity-Based Compensation Plans and Awards.
  4




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Grants Awarded in Fiscal2007
    
    
    2006Risk-free rate
    
    
    4.7
    %
    
    
    5.2
    %Expected life
    
    3 years
    
    3 yearsExpected volatility
    
    
    17.6
    %
    
    
    18.1
    %Dividend yield
    
    
    7.1
    %
    
    
    7.7
    %
    Number of
    
    
    Weighted-AverageAmeriGas Partners
    
    
    Grant Date FairCommon Units
    
    
    Value (per Unit)Non-vested Units  September 30, 2006
    
    
    93,900
    
    
    $
    29.10Granted
    
    
    49,650
    
    
    $
    33.63Forfeited
    
    
    (1,200
    )
    
    $
    31.52Vested
    
    
    (31,698
    )
    
    $
    28.64Performance criteria not met
    
    
    (3,918
    )
    
    $
    28.02Non-vested Units  September 30, 2007
    
    
    106,734
    
    
    $
    30.61
   5