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In particular, an electrical density gauge, like TransTech's Pavement Quality Indicator (PQI), measures pavement compaction by means of its dielectric constant.

UGI Corporation (formerly United Gas Improvement Corp.) is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

UGI owns AmeriGas, the largest propane marketer in the United States. UGI also owns AvantiGas, Antargaz and Flaga in Europe.

UGI also operates interstate and intrastate transmission and natural gas storage assets in the Marcellus Shale.

UGI was incorporated in 1882 as United Gas Improvement Co.

In 1903, the company owned the majority of the stock of the Equitable Illuminating Gas Light Company, which operated the Philadelphia Gas Works.

The company formed the United Electric Company of New Jersey in 1899. United Electric consolidated several electric and lighting utilities into a single holding company.

Public Service Corporation of New Jersey took over United Electric in 1907. United Electric was ultimately merged into Public Service Enterprise Group.

In October 1964, Industrial Gases, Inc., of Pittsburgh, Pennsylvania, filed an antitrust suit in United States district court charging the company with attempting to eliminate competition in sales of bottled propane gas in Pittsburgh. The Philadelphia Gas Works division of UGI challenged a ruling of the Federal Power Commission. The FPC lowered the maximum price that natural gas producers could charge to $0.16 per 1,000 cubic feet (28 m3) of gas. This mandate was upheld by the Supreme Court of the United States in May 1968.

In February 1968, the company changed its name to UGI Corporation.

In 1993, through its AmeriGas subsidiary, the company acquired Petrolane, which was in bankruptcy.

In 1999, the company offered to acquire Unisource Worldwide, a distributor of office paper, but it was outbid by Georgia-Pacific.

On April 1, 2013, John Walsh succeeded Lon Greenberg as president and chief executive officer.

In May 2015, the company acquired Totalgaz S.A.'s liquefied petroleum gas distribution operations in France for €423 million.

In October 2017, the company acquired Totalgaz Italia, a liquefied petroleum gas distribution business.

In December 2018, the company acquired South Jersey Industries’s retail natural gas business.

On August 1, 2019, the company acquired Columbia Midstream Group for approximately $1.275 billion.

On August 21, 2019, the company acquired the portion of AmeriGas that it did not already own.

On July 10, 2020, the company acquired GHI Energy LLC, a Houston-based renewable natural gas company.

On January 5, 2020, the company acquired Mountaineer Gas Company of West Virginia for $540 million.

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In a perpetuity, the series of cash flows received by the investor is expected to be received forever (i.e. a never-ending stream of cash flows).

For instance, if an investment comes with terms stating that a $1,000 payment will be paid out at the end of each year with an indefinite end, this represents an example of a zero-growth perpetuity (i.e. the annual payout remains the same through the life of the investment).

Despite the cash flows theoretically lasting “forever,” the present value (PV) – i.e. the approximate valuation of the total potential stream of cash flows as of the current date – can still be calculated.

The “time value of money,” a fundamental concept in corporate finance, states that the further away from the date of when a cash flow payment is received, the greater the reduction in its value today.

As a result, the present value (PV) of the future cash flows of a perpetuity eventually reaches a point where the cash flow payments in the far future have a present value of zero.

In the prior example, the size of the cash flow (i.e. the $1,000 annual payment) is kept constant throughout the entire duration of the perpetuity.

However, for growing perpetuities, there is a perpetual (or “continuous”) growth rate attached to the series of cash flows.

If we assume equal initial payment amounts, a growing perpetuity will thus be valued higher than one with zero-growth, all else being equal.

For example, if the investment stated that $1,000 would be issued in the following year but at a 2% growth rate, then the annual cash flows would increase 2% year-over-year (YoY).

Since the cash flows increase each year, the growth rate helps offset the discount rate used to calculate the present value (PV).

In order to calculate the present value (PV) of a perpetuity with zero growth, the cash flow amount is divided by the discount rate.

The discount rate is a function of the opportunity cost of capital – i.e. the rate of return that could be obtained from other investments with a similar risk profile.

Burleigh Baker

Address: 13/50 James St, Burleigh Heads QLD 4220, Australia

If you fashion yourself a chic yogi, then look no further than The Yoga House. this yoga studio caters to the well-to-do locals, expats and visitors alike. It is currently located near Mumbai's domestic airport in Santacruz East,

GreenLight Laser Therapy uses a laser beam to remove prostate tissue. The laser treatment is delivered through a thin, flexible fiber, which is inserted into the urethra through an instrument called a cystoscope.

University of Newcastle

Address: University Dr, Callaghan NSW 2308, Australia

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The meaning of AUK is any of several black-and-white short-necked diving seabirds of the alcid family that breed in colder parts of the northern hemisphere

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