Unitil /Fitchburg Gas and Electric Files 11.5% Gas Rate Increase for the Winter Season
Hampton, NH – September 18, 2000: Unitil Corporation (AMEX: UTL)
(www.unitil.com) today announced that its wholly owned subsidiary,
Unitil/Fitchburg Gas and Electric Light Company (FG&E) filed a for
a gas rate increase with the Massachusetts Department of Energy and
Telecommunications (MDTE). Pending MDTE approval, the proposed rates
would go into effect from November 1, 2000 – April 30, 2001.
A typical residential heating customer using 146 therms of gas per month
will see an increase of $14.11 or 11.5% over last winter’s rates. Similar
impacts will be seen for commercial and industrial customers. The increase
is primarily a result of increased commodity costs of purchased gas.
"In this period of rapidly escalating energy prices, FG&E is working hard
to moderate increases in our customers’ winter gas bills," said Unitil
President Mike Dalton.
These charges are normally adjusted every six months to reflect changes
in wholesale supply costs that are incurred by the Company to provide
gas energy to retail customers. Supply costs are passed onto the customers
without any mark ups from the Company. FG&E residential gas rates continue
to be among the lowest in Massachusetts.
Unitil is a public utility holding company with subsidiaries providing
electric service in New Hampshire and electric and gas service in Massachusetts
and energy services throughout the Northeast. Its subsidiaries include
Concord Electric Company, Exeter & Hampton Electric Company, Fitchburg Gas
and Electric Light Company, Unitil Power Corp., Unitil Realty Corp., Unitil
Service Corp. and its unregulated business unit Unitil Resources, Inc.
Usource L.L.C. is a subsidiary of Unitil Resources, Inc. The Usource product
line is available at www.usourceonline.com
For more information, visit Unitil at www.unitil.com or call Stephanye Schuyler at 603-773-6465.
Contact
Stephanye Schuyler
schuyler@unitil.comCorporate Office
Liberty Lane West
Hampton, NH 03842-1720
800/999-6501