UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 910900208

1

Name of Reporting Persons
Joseph J. Grano, Jr.

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
3,087,916*

6

Shared Voting Power
None

7

Sole Dispositive Power
3,087,916*

8

Shared Dispositive Power
None

9

Aggregate Amount Beneficially Owned by Each Reporting Person
3,087,916*

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row (9)
9.5%

12

Type of Reporting Person (See Instructions)
IN

Item 1

(a)

Name of Issuer:
United Energy Corp.

(b)

Address of Issuer’s Principal Executive Offices:
600 Meadowlands Parkway

Secaucus, New Jersey 07094

Item 2

(a)

Name of Person Filing:
Joseph J. Grano, Jr.

(b)

Address of Principal Business Office or, if none, Residence:
1185 Avenue of the Americas, Suite 2250

New York, NY 10036

(c)

Citizenship:
United States of America

(d)

Title of Class of Securities:
Common Stock, $0.01 par value

(e)

CUSIP Number:
910900208

Item 3

If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

(b)

o

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

o

Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

o

Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 8a-8);

(e)

o

An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

o

A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J); and

(k)

o

Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).

Not applicable

Item 4

Ownership:

(a)

Amount beneficially owned:   

3,087,916

(b)

Percent of class:   

9.5%

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote   

3,087,916

(ii)

Shared power to vote or to direct the vote    

None

(iii)

Sole power to dispose or to direct the disposition of   

3,087,916

(iv)

Shared power to dispose or to direct the disposition of   

None

Item 5

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Item 6

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable

Item 8

Identification and Classification of Members of the Group.

Not applicable

Item 9

Notice of Dissolution of Group.

Not applicable

Item 10

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

January 13, 2010

Dated:

/s/ Joseph J. Grano, Jr.

Joseph J. Grano, Jr.