{"id":470412,"date":"2021-04-02T16:33:18","date_gmt":"2021-04-02T20:33:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470412"},"modified":"2021-04-02T16:33:18","modified_gmt":"2021-04-02T20:33:18","slug":"unitil-files-for-a-change-in-electric-distribution-rates-for-new-hampshire-customers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/unitil-files-for-a-change-in-electric-distribution-rates-for-new-hampshire-customers\/","title":{"rendered":"Unitil Files for a Change in Electric Distribution Rates for New Hampshire Customers"},"content":{"rendered":"
\n

HAMPTON, N.H., April 02, 2021 (GLOBE NEWSWIRE) — Unitil Corporation (NYSE: UTL) (www.unitil.com<\/a><\/u>) announced today that its New Hampshire electric distribution utility, Unitil Energy Systems, Inc., (\u201cUES\u201d or the \u201cCompany\u201d) filed a base rate case with the New Hampshire Public Utilities Commission (the \u201cCommission\u201d) requesting approval to change distribution rates for all customers. This filing will be subject to comprehensive review by the Commission in a base rate case proceeding that may last up to a year or more. The Company\u2019s last base rate case was filed in 2016.<\/p>\n

UES\u2019s multi-year rate filing includes proposed initiatives to advance New Hampshire\u2019s energy, environmental, and regulatory policies, and to enable customers to adopt new technologies and better manage their energy consumption. Those proposals include foundational investments needed to modernize the electric grid, time of use rates for electric vehicle charging and other residential uses, an electric vehicle infrastructure development program, a revenue decoupling mechanism, resiliency programs to further the Company\u2019s commitment to reliability, and an arrearage management program for customers experiencing difficulty in paying their energy bills. The Company\u2019s proposal also includes certain provisions intended to mitigate the rate filing\u2019s effect on customer rates, and to limit future rate increases. \u00a0\u00a0<\/p>\n

UES requested an electric base rate increase of $11.99 million, or 4.4 percent over total annual revenue at present rates. If the rates are approved as filed, the typical residential electric customer using an average of 600 kWh a month would see an increase of $9.87 per month, or 8.2 percent. Effects on individual customers will vary depending on rate class and usage characteristics.<\/p>\n

\n About Unitil Corporation<\/u>\n <\/p>\n

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\u2019s operating utilities serve approximately 107,100 electric customers and 85,600 natural gas customers. For more information about our people, technologies, and community involvement please visit www.unitil.com<\/a>.<\/p>\n\n\n\n\n\n
\n For more information please contact:<\/strong>\n <\/td>\n<\/tr>\n
Todd Diggins \u2013 Investor Relations<\/td>\n\u00a0<\/td>\nAlec O\u2019Meara \u2013 Media Relations<\/td>\n<\/tr>\n
Phone: 603-773-6504<\/td>\n\u00a0<\/td>\nPhone: 603-773-6404<\/td>\n<\/tr>\n
Email: diggins@unitil.com<\/a><\/td>\n\u00a0<\/td>\nEmail: omeara@unitil.com<\/a>\u00a0<\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HAMPTON, N.H., April 02, 2021 (GLOBE NEWSWIRE) — Unitil Corporation (NYSE: UTL) (www.unitil.com) announced today that its New Hampshire electric distribution utility, Unitil Energy Systems, Inc., (\u201cUES\u201d or the \u201cCompany\u201d) filed a base rate case with the New Hampshire Public Utilities Commission (the \u201cCommission\u201d) requesting approval to change distribution rates for all customers. This filing will be subject to comprehensive review by the Commission in a base rate case proceeding that may last up to a year or more. The Company\u2019s last base rate case was filed in 2016. UES\u2019s multi-year rate filing includes proposed initiatives to advance New Hampshire\u2019s energy, environmental, and regulatory policies, and to enable customers to adopt new technologies and better manage their energy consumption. Those … <\/p>\n

Continue reading “Unitil Files for a Change in Electric Distribution Rates for New Hampshire Customers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470412","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUnitil Files for a Change in Electric Distribution Rates for New Hampshire Customers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/unitil-files-for-a-change-in-electric-distribution-rates-for-new-hampshire-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unitil Files for a Change in Electric Distribution Rates for New Hampshire Customers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAMPTON, N.H., April 02, 2021 (GLOBE NEWSWIRE) — Unitil Corporation (NYSE: UTL) (www.unitil.com) announced today that its New Hampshire electric distribution utility, Unitil Energy Systems, Inc., (\u201cUES\u201d or the \u201cCompany\u201d) filed a base rate case with the New Hampshire Public Utilities Commission (the \u201cCommission\u201d) requesting approval to change distribution rates for all customers. This filing will be subject to comprehensive review by the Commission in a base rate case proceeding that may last up to a year or more. The Company\u2019s last base rate case was filed in 2016. UES\u2019s multi-year rate filing includes proposed initiatives to advance New Hampshire\u2019s energy, environmental, and regulatory policies, and to enable customers to adopt new technologies and better manage their energy consumption. 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