UIL Limited (UTL)

Overview

Unitil Corporation stands as a prominent public utility holding company, focusing on delivering essential energy services. Established in 1984, with its headquarters nestled in Hampton, New Hampshire, Unitil has carved a niche in the energy sector through its dedication to reliability and service excellence. The company's operations are spread out across pivotal regions, including the southeastern seacoast and state capital areas of New Hampshire, as well as the greater Fitchburg locale of north central Massachusetts for electricity distribution, and extending to parts of Maine and Massachusetts for natural gas services. Through a strategic division into three segments—Utility Electric Operations, Utility Gas Operations, and Non-Regulated—Unitil not only ensures the efficient distribution of electricity and natural gas but also engages in various ancillary services aimed at enhancing energy use and management for its customers.

Products and Services

Unitil Corporation's offerings are diversified across the following categories:

• Utility Electric Operations: This segment underscores Unitil's role in distributing electricity. The service covers areas including the southeastern seacoast and state capital regions of New Hampshire, along with the greater Fitchburg area of north-central Massachusetts. This segment caters to the critical energy needs of approximately 107,700 electric customers, supplying them with reliable power essential for both residential and commercial activities.
• Utility Gas Operations: In this segment, Unitil distributes natural gas, a pivotal energy source for both heating and cooking, among other uses. The distribution network spans southeastern New Hampshire and select areas of southern and central Maine, including Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area in north central Massachusetts. This extensive network serves around 86,600 natural gas customers, illustrating the significant role Unitil plays in the region’s energy landscape.
• Non-Regulated: Beyond its regulated utility operations, Unitil engages in non-regulated activities that provide added value to its customer base. This includes the operation of an 86-mile interstate underground natural gas transmission pipeline, facilitating interstate natural gas pipeline access and transportation services primarily within Maine and New Hampshire. Furthermore, this segment encompasses energy brokering and advisory services tailored for commercial and industrial clients, aiming to optimize their energy procurement and management. Lastly, Unitil offers real estate management services, thereby leveraging its extensive knowledge and assets for broader utility and commercial applications.