Unitil Shareholders Re-Elect Directors
Hampton, NH (April 19, 2007): Unitil Corporation (AMEX:UTL) held its Annual Meeting of
Shareholders today at the corporate office in Hampton, New Hampshire. Shareholders re-elected
Michael J. Dalton, Edward F. Godfrey and Eben S. Moulton to the Board of Directors for three-year
terms.
"In 2006 we achieved two key rate case settlements, initiated a major investment in an
award-winning Advanced Metering project and grew our Usource business, expanding its forward
book of revenues to $6 million. Our long term goal continues to be earnings growth in the
range of 3-5% per year," said Robert G. Schoenberger, Unitil's Chairman and Chief Executive
Officer.
In his presentation at the meeting, Mr. Schoenberger reviewed Unitil's 2006 financial and
operational performance. The presentation also highlighted the Company's ongoing business
strategies including its regulatory initiatives, investments in distribution assets and
technology, growth of its Usource business and the pursuit of additional growth opportunities
building on core competencies. Mr. Schoenberger's presentation is available on the Company
website at www.unitil.com.
Unitil Corporation is a public utility holding company with subsidiaries providing electric
service in New Hampshire, electric and gas service in Massachusetts and energy services throughout
the northeast.
This news release contains forward-looking statements, which are subject to the inherent
uncertainties in predicting future results and conditions. Certain factors that could cause
the actual results to differ materially from those projected in these forward-looking
statements include, but are not limited to; variations in weather, changes in the regulatory
environment, customers' preferences on energy sources, general economic conditions, increased
competition and other uncertainties, all of which are difficult to predict, and many of which
are beyond the control of the Company.
Contact
Mark Collin
collin@unitil.comCorporate Office
Liberty Lane West
Hampton, NH 03842-1720
800/999-6501