User:Helen1023/Unitil Corporation

Unitil Corp. ("Unitil") is an interstate electricity and natural gas utility company that serves the areas in New Hampshire, Massachusetts and Maine. The company was set up in 1984 and is based in New Hampshire.It provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business districts and recreational centers as well as commercial and industrial business, such as electronic component manufacturers and education institutes. The company has an enterprise value of $766.54 million. The non-utility business is operated through the company’s subsidiary, U-source, which is a national energy brokering and advice company.

Background
The company generates revenue mainly distributing utility to customers through operating the underground transmission pipeline and providing energy consulting service and real estate service. 2013, the revenue of gas operation is $170.4 million accounting for 46% of the total operation revenue, and the electricity operation revenue, $190.7 million, represents 52% of the total revenue. The three distribution utilities are Unitil Energy Systems, Inc., Fitchburg Gas and Electric Light Company and Northern Utilities, Inc.

The cold weather made more and more people switch to the service of Unitil, which resulted in a gas sale increase, so the company has planned to invest $570 million to expand its distribution infrastructure to serve a larger number of customers.

In winter 2014, the company has asked for a price increase to part of its customers in Greater Portland and the Lewiston-Auburn because of the high demand and harsh weather. The Maine Public Utilities Commission (PUC) approved its price increase but cut its request by one-third.