Unitil Files for an Increase in Natural Gas Distribution Rates for New Hampshire Customers
June 05 2017 - 4:30PM
Unitil Corporation (NYSE:UTL) (www.unitil.com) announced today that
its New Hampshire local natural gas distribution utility
filed a rate case requesting approval to increase its natural gas
distribution base rates with the New Hampshire Public
Utilities Commission.
Unitil has requested an increase of $4.7
million in base revenue, or an increase of approximately 7
percent over total operating revenue. The filing includes a request
for temporary rates effective August 1, 2017. A final order on
the filing is expected in mid-2018. The filing also includes a
proposal for a multi-year rate plan which would provide for the
recovery of costs associated with operational and safety-related
improvements and upgrades Unitil is making to its gas
distribution system in New Hampshire over the next
several years.
If the rates are approved as filed, the typical residential gas
heating customer using an average of 62 therms would see a monthly
increase of $10.10, or about 10 percent. Impacts on
other individual customers will vary depending upon rate class and
usage characteristics.
About Unitil Corporation
Unitil Corporation provides energy for life by safely and
reliably delivering natural gas and electricity in New England. We
are committed to the communities we serve and to developing people,
business practices, and technologies that lead to the delivery of
dependable, more efficient energy. Unitil Corporation is a public
utility holding company with operations in Maine, New Hampshire and
Massachusetts. Together, Unitil’s operating utilities serve
approximately 104,300 electric customers and 79,900 natural gas
customers. Other subsidiaries include Usource, Unitil’s
non-regulated business segment. For more information about our
people, technologies, and community involvement please visit
www.unitil.com.
For more information please contact:
David Chong – Investor RelationsPhone: 603-773-6499Email:
chong@unitil.com
Alec O’Meara – Media Relations
Phone:
603-773-6404
Email: omeara@unitil.com
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