SEC Filing | Unitil Corp

INSTRUCTIONS:

Provide a description of each material research, development, or demonstration project which incurred costs by the service corporation during the year.

DESCRIPTION

BALANCE AT CLOSE OF YEAR

RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES

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SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM U-13-60

ANNUAL REPORT

For the Year Ended December 31, 2000

UNITIL SERVICE CORP.
6 Liberty Lane West, Hampton, New Hampshire 03842-1720

A Subsidiary Service Company

Date of Incorporation:	October 9, 1984
State of Incorporation:	New Hampshire

Name, Title and Address of officer to whom correspondence concerning this report should be addressed:

Mark H. Collin, Treasurer
6 Liberty Lane West
Hampton, NH 03842

Name of Principal Holding Company Whose Subsidiaries are served by Reporting Company:

UNITIL Corporation

LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Description of Schedules and Accounts	Schedule or Account Number

COMPARATIVE BALANCE SHEET	Schedule I
SERVICE COMPANY PROPERTY	Schedule II
ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY	Schedule III
INVESTMENTS	Schedule IV
ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES	Schedule V
FUEL STOCK EXPENSES UNDISTRIBUTED	Schedule VI
STORES EXPENSE UNDISTRIBUTED	Schedule VII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS	Schedule VIII
MISCELLANEOUS DEFERRED DEBITS	Schedule IX
RESEARCH, DEVELOPMENT, OR DEMONSTRATION EXPENDITURES	Schedule X
PROPRIETARY CAPITAL	Schedule XI
LONG-TERM DEBT	Schedule XII
CURRENT AND ACCRUED LIABILITIES	Schedule XIII
NOTES TO FINANCIAL STATEMENTS	Schedule XIV

COMPARATIVE INCOME STATEMENT	Schedule XV
ANALYSIS OF BILLING - ASSOCIATE COMPANIES	Account 457
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES	Account 458
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES	Schedule XVI
SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION	Schedule XVII
DEPARTMENTAL ANALYSIS OF SALARIES	Account 920
OUTSIDE SERVICES EMPLOYED	Account 923
EMPLOYEE PENSIONS AND BENEFITS	Account 926
GENERAL ADVERTISING EXPENSES	Account 930.1
MISCELLANEOUS GENERAL EXPENSES	Account 930.2
RENTS	Account 931
TAXES OTHER THAN INCOME TAXES	Account 408
DONATIONS	Account 426.1
OTHER DEDUCTIONS	Account 426.5
NOTES TO STATEMENT OF INCOME	Schedule XVIII

LISTING OF INSTRUCTIONAL FILING REQUIREMENTS

Description of Reports or Statements

ORGANIZATION CHART

METHODS OF ALLOCATION

ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED

SCHEDULE I - COMPARATIVE BALANCE SHEET

ACCOUNT		ASSETS AND OTHER DEBITS	AS OF DECEMBER 31
			CURRENT	PRIOR
	SERVICE COMPANY PROPERTY
101	Service company property (Schedule II)		5,749,973	5,923,878
107	Construction work in progress (Schedule II)		0	0
	Total Property		5,749,973	5,923,878

108	Less accumulated provision for depreciation
	and amortization of service company
	property (Schedule III)		3,727,634	3,518,140
	Net Service Company Property		2,022,339	2,405,738

	INVESTMENTS
123	Investments in associate companies (Schedule IV)		0	0
124	Other investments (Schedule IV)		0	0
	Total investments		0	0

	CURRENT AND ACCRUED ASSETS
131	Cash		68,903	562,111
134	Special deposits		0	0
135	Working funds		6,000	6,000
136	Temporary cash investments (Schedule IV)		0	0
141	Notes receivable		0	0
143	Accounts receivable		61,414	45,042
144	Accumulated provision for uncollectable accounts		0	0
146	Accounts receivable from associate Companies (Schedule V)		1,005,380	1,991,847
152	Fuel stock expense undistributed (Schedule VI)		0	0
154	Materials and supplies		0	0
163	Stores expense undistributed (Schedule VII)		0	0
165	Prepayments		192,382	75,976
174	Miscellaneous current and Accrued Assets (Schedule VIII)		0	0
	Total Current and Accrued Assets		1,334,079	2,680,976

	DEFERRED DEBITS
181	Unamortized debt expense		0	0
184	Clearing accounts		42,556	70,976
186	Miscellaneous deferred debits (Schedule IX)		1,528,777	1,605,254
188	Research, development, demonstration expenditures (Sched. X)		0	0
190	Accumulated deferred income tax		0	0
	Total Deferred Debits		1,571,333	1,676,230

	TOTAL ASSETS AND OTHER DEBITS		4,927,751	6,762,944

SCHEDULE I - COMPARATIVE BALANCE SHEET

ACCOUNT	LIABILITIES AND PROPRIETARY CAPITAL	AS OF DECEMBER 31
		CURRENT	PRIOR
	PROPRIETARY CAPITAL
201	Common stock issued (Schedule XI)	1,000	1,000
211	Miscellaneous paid-in-capital (Schedule XI)	0	0
215	Appropriated retained earnings (Schedule XI)	0	0
216	Unappropriated retained earnings (Schedule XI)	1,688	1,688
	Total Proprietary Capital	2,688	2,688

	LONG-TERM DEBT
223	Advances from associate companies (Schedule XII)	0	0
224	Other long-term debt (Schedule XII)	0	0
225	Unamortized premium on long- term debt	0	0
226	Unamortized discount on long-term debt-debit	0	0
	Total Long-Term Debt	0	0

227	Obligations under capital leases - non-current	1,306,099	1,696,254

	CURRENT AND ACCRUED LIABILITIES
231	Notes payable	0	0
232	Accounts payable	151,145	488,558
233	Notes payable to associate companies (Schedule XIII)	990,727	1,915,347
234	Accounts payable to associate companies (Schedule XIII)	(77,384)	(81,926)
236	Taxes accrued	47,388	65,288
237	Interest accrued	0	73,524
238	Dividends declared	0	0
241	Tax collections payable	0	0
242	Miscellaneous current and accrued Liabilities (Schedule XIII)	2,517,316	2,505,121
243	Obligations under capital leases - current	726,627	723,415
	Total Current and Accrued Liabilities	4,355,819	5,689,327

	DEFERRED CREDITS
253	Other deferred credits	0	0
255	Accumulated deferred investment tax credits	0	0
	Total Deferred Credits	0	0

282	ACCUMULATED DEFERRED INCOME TAXES	(736,855)	(625,325)


	TOTAL LIABILITIES AND PROPRIETARY CAPITAL	4,927,751	6,762,944

SCHEDULE II - SERVICE COMPANY PROPERTY

DESCRIPTION	BALANCE AT BEGINNING OF YEAR	ADDITIONS	RETIREMENTS OR SALES	OTHER CHANGES 1/	BALANCE AT CLOSE OF YEAR

SERVICE COMPANY PROPERTY
Account

301 ORGANIZATION

303 MISCELLANEOUS
INTANGIBLE PLANT

304 LAND AND LAND RIGHTS

305 STRUCTURES AND
IMPROVEMENTS

306 LEASEHOLD
IMPROVEMENTS

307 EQUIPMENT 2/	4,768,997	334,970	(513,433)	0	4,590,534

308 OFFICE FURNITURE
AND EQUIPMENT	1,122,290	8,611	0	0	1,130,901

309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT	32,591	28,538	(32,591)	0	28,538

310 AIRCRAFT AND
AIRPORT EQUIPMENT

311 OTHER SERVICE
COMPANY PROPERTY 3/

SUB-TOTAL	5,923,878	372,119	(546,024)	0	5,749,973

107 CONSTRUCTION WORK
IN PROGRESS
TOTAL	5,923,878	372,119	(546,024)	0	5,749,973

1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL: NONE

2/ SUB-ACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
SUBACCOUNT DESCRIPTION	ADDITIONS	BALANCE AT CLOSE OF YEAR

Computer Equipment	334,970	3,839,456
PBX Phone System	0	751,078


TOTAL	334,970	4,590,534




3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY: NONE





4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS: NONE

SCHEDULE III - ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY

ACCOUNT	DESCRIPTION	BALANCE AT BEGINNING OF YEAR	ADDITIONS CHARGED TO ACCOUNT 403	RETIREMENTS	OTHER CHANGES ADD(DEDUCT)1/	BALANCE AT CLOSE OF YEAR

301	ORGANIZATION
303	MISCELLANEOUS INTANGIBLE PLANT
304	LAND AND LAND RIGHTS
035	STRUCTURES AND IMPROVEMENTS
306	LEASEHOLD IMPROVEMENTS
307	EQUIPMENT	3,058,732	41,441	0	0	3,100,173
308	OFFICE FURNITURE AND EQUIPMENT	454,102	156,815	0	0	610,917
309	AUTOMOBILES, OTHER
	VEHICLES AND RELATED GARAGE
	EQUIPMENT	5,306	11,236	0	0	16,542
310	AIRCRAFT AND AIRPORT EQUIPMENT
311	OTHER SERVICE COMPANY PROPERTY

	TOTAL	3,518,140	209,491	0	0	3,727,631

1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL: None

SCHEDULE IV - INVESTMENTS

INSTRUCTIONS:		Complete the following schedule concerning investments. Under Account 124 "Other Investments" state each investment separately, with description, including, the name of issuing company, number of shares or principal amount. Under Account 136, "Temporary Cash Investments", list each investment separately.
ACCOUNT	DESCRIPTION			BALANCE AT BEGINNING OF YEAR	BALANCE AT CLOSE OF YEAR
123	INVESTMENT IN ASSOCIATE COMPANIES			0	0
124	OTHER INVESTMENTS			0	0
136	TEMPORARY CASH INVESTMENTS			0	0

			TOTAL	0	0

SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES

INSTRUCTIONS:		Complete the following schedule listing accounts receivable from each associate company. Where the service company has provided accommodation or convenience payments for associate companies, a separate listing of total payments for each associate company by subaccount should be provided.
ACCOUNT	DESCRIPTION			BALANCE AT BEGINNING OF YEAR	BALANCE AT CLOSE OF YEAR
146	ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES

Concord Electric Company				295,912	146,157
Exeter & Hampton Electric Company				314,217	160,016
Fitchburg Gas and Electric Light Company				808,568	372,011
UNITIL Power Corp.				447,532	229,136
UNITIL Realty Corp.				7,252	1,414
UNITIL Corporation				0	150
UNITIL Resources, Inc.				118,366	96,496

	TOTAL			1,991,847	1,005,380

ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:

Concord Electric Company					396,895
Exeter & Hampton Electric Company					360,079
Fitchburg Gas and Electric Light Company					1,308,176
UNITIL Power Corp.					161,954
UNITIL Realty Corp.					14,464
UNITIL Resources, Inc.					49,468
Usource Inc.					96,062
UNITIL Corp.					26,469

For detail of convenience payments by type and company, paid by UNITIL
Service Corp. see next page
			TOTAL PAYMENTS		2,413,567

CONVENIENCE PAYMENTS BY TYPE AND COMPANY

	CECO	E&H	FGE	UPC	URC	URI	Usource	UC	Total

Insurance	280,681	256,246	568,919	73,446	14,464	3,596	671		1,198,023
Legal	26,644	22,086	620,278	64,933		9,732	69,305	26,469	839,447
Telephone	15,882	3,302	5,669			1,008	7,148		33,009
Payroll	16,281	16,305	30,462			2,426	8,037		73,511
Audit	29,033	29,033	38,382	23,575					120,023
Network/Hardware/Data Costs	28,374	33,107	44,466			32,706	10,901		149,554



	396,895	360,079	1,308,176	161,954	14,464	49,468	96,062	26,469	2,413,567

SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED

INSTRUCTIONS:		Report the amount of labor and expenses incurred with respect to fuel stock expense during the year and indicate amount attributable to each associate company. Under the section headed "Summary" listed below give an overall report of the fuel functions performed by the service company.
ACCOUNT	DESCRIPTION		LABOR	EXPENSE	TOTAL

152	FUEL STOCK EXPENSE UNDISTRIBUTED		0	0	0

	TOTAL		0	0	0

SUMMARY:

SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED

INSTRUCTIONS:		Report the amount of labor and expenses incurred with respect to stores expense during the year and indicate amount attributable to each associate company.
ACCOUNT	DESCRIPTION		LABOR	EXPENSE	TOTAL

163	STORES EXPENSE UNDISTRIBUTED		0	0	0

	TOTAL		0	0	0

SCHEDULE VIII - MISCELLANEOUS CURRENT AND ACCRUED ASSETS

INSTRUCTIONS:		Provide detail of items in this account. Items less than $10,000 may be grouped, showing the number of items in each group.
ACCOUNT	DESCRIPTION		BALANCE AT BEGINNING OF YEAR	BALANCE AT CLOSE OF YEAR

174	MISCELLANEOUS CURRENT AND ACCRUED		0	0

	TOTAL		0	0

SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS

INSTRUCTIONS:			Provide detail of items in this account. Items less than $10,000 may be grouped by class showing the number of items in each class.
ACCOUNT		DESCRIPTION		BALANCE AT BEGINNING OF YEAR	BALANCE AT CLOSE OF YEAR

186		MISCELLANEOUS DEFERRED DEBITS
	Under/(over) collected administrative expenses			14,672	16,755
	Postage			55,584	11,851
	Management Studies			0	106,837
	Software Costs			1,534,998	1,393,334

	TOTAL			1,605,254	1,528,777

SCHEDULE X - RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES

SCHEDULE XI - PROPRIETARY CAPITAL

INSTRUCTIONS		Classify amounts in each account with brief explanation, disclosing the general nature of transactions which gave rise to the reported amounts.
ACCOUNT	CLASS OF STOCK		NUMBER OF SHARES AUTHORIZED	PAR OR STATED VALUE PER SHARE	OUTSTANDING CLOSE OF PERIOD
					NO. OF SHARES	TOTAL AMOUNT

201	COMMON STOCK ISSUED		300	10.00	100	1,000

ACCOUNT	DESCRIPTION		BALANCE AT CLOSE OF YEAR

211	MISCELLANEOUS PAID-IN CAPITAL		0
215	APPROPRIATED RETAINED EARNINGS		0
		TOTAL	0

ACCOUNT	DESCRIPTION		BALANCE AT BEGINNING OF YEAR	NET INCOME OR (LOSS)	DIVIDENDS PAID	BALANCE AT CLOSE OF YEAR

216	UNAPPROPRIATED RETAINED EARNINGS	1,688		0	0	1,688

	TOTAL	1,688		0	0	1,688

SCHEDULE XII - LONG-TERM DEBT

INSTRUCTIONS:	Advances from associate companies should be reported separately for advances on notes, and advances on open account. Names of associate companies from which advances were received shall be shown under the class and series of obligation column. For Account 224 - Other long-term debt provide the name of creditor company or organization, terms of the obligation, date of maturity, interest rate, and the amount authorized and outstanding.
ACCOUNT	NAME OF CREDITOR	TERMS OF OBLIG CLASS & SERIES OF OBLIGATION	DATE OF MATURITY	INTEREST RATE	AMOUNT AUTHORIZED	BALANCE AT BEGINNING OF YEAR	ADDITIONS	1/ DEDUCTIONS	BALANCE AT CLOSE OF YEAR
223	ADVANCES FROM ASSOCIATE COMPANIES					0	0	0	0
224	OTHER LONG-TERM DEBT:					0	0	0	0
						0	0	0	0
1/ GIVE AN EXPLANATION OF DEDUCTIONS:

SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES

INSTRUCTIONS:			Provide balance of notes and accounts payable to each associate company. Give description and amount of miscellaneous current and accrued liabilities. Items less than $10,000 may be grouped, showing the number of items in each group.
ACCOUNT		DESCRIPTION		BALANCE AT BEGINNING OF YEAR	BALANCE AT CLOSE OF YEAR

233		NOTES PAYABLE TO ASSOCIATE COMPANIES Money Pool		1,915,347	990,727

		TOTAL		1,915,347	990,727

234		ACCOUNTS PAYABLE TO ASSOCIATE COMPANIES

		Concord Electric Company		(51,509)	(66,614)
		Exeter & Hampton Electric Company		(46,471)	(55,531)
		Fitchburg Gas and Electric Company		(149,073)	(286,931)
		UNITIL Corporation (1)		192,214	369,887
		UNITIL Power Corporation		(22,976)	(27,533)
		UNITIL Realty Corporation		(244)	(59)
		UNITIL Resources Inc		(3,867)	(71)
		Usource LLC		0	(10,532)

	(1) Balance consists of KESOP for UNITIL Service Employees only, not subsidiaries.
		TOTAL		(81,926)	(77,384)



242		MISCELLANEOUS CURRENT AND ACCRUED LIABILITIES

		Accrued FASB 87		962,399	1,068,097
		Accrued Supplemental Executive Retirement Plan		558,886	632,240
		Accrued Legal Fees		187	0
		Accrued Annual Report		49,836	47,954
		Accrued FASB 106		110,308	138,133
		Accrued FASB 106 - APBO		7,331	12,241
		Accrued FASB 106 - Gain/Loss		(1,649)	(1,649)
		Accrued Auditing		456	3,000
		Accrued Compensation		817,367	617,300
		TOTAL		2,505,121	2,517,316

SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS

INSTRUCTIONS:	The space below is provided for important notes regarding the financial statements or any account thereof. Furnish particulars as to any significant contingent assets or liabilities existing at the end of the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference.


Selected Notes to the Financial Statements:

UNITIL Service Corp. (USC), a wholly-owned subsidiary of UNITIL Corporation, a public utility holding company, provides centralized support services to the parent company and its subsidiaries. USC is subject to the jurisdiction of the Securities and Exchange Commission (SEC) under the Public Utility Holding Company Act of 1935. Accordingly, USC maintains its books of account as prescribed by the "Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies" as Amended February 2, 1979 to be effective January 1, 1980. USC prepares its financial statements in conformity with generally accepted accounting principles.

Please refer to the 2000 UNITIL Corporation Form 10-K for additional disclosures.

SCHEDULE XV - STATEMENT OF INCOME

ACCOUNT	DESCRIPTION	CURRENT YEAR	PRIOR YEAR
	INCOME
457	Services rendered to associate companies	16,481,555	17,587,988
458	Services rendered to nonassociate companies	30,000	30,000
419	Interest Income	0	0
421	Miscellaneous income or loss	(5,142)	0
	Total Income	16,506,413	17,617,988

	EXPENSE
920	Salaries and wages	8,822,930	8,749,800
921	Office supplies and expenses	896,018	904,781
922	Administrative expense transferred - credit	(67,320)	(7,035)
923	Outside services employed	901,143	733,642
924	Property insurance	3,254	2,182
925	Injuries and damages	54,583	32,901
926	Employee pensions and benefits	1,461,094	1,812,887
928	Regulatory commission expense	0	400
930.1	General advertising expense	40,982	84,134
930.2	Miscellaneous general expense	427,000	621,918
931	Rents	1,455,652	1,511,230
932	Maintenance of structures and equipment	482,118	549,938
403	Depreciation and amortization expense	1,053,409	1,195,903
408	Taxes other than income taxes	679,843	721,062
409	Income taxes	98,153	88,622
410	Provision for deferred income taxes	(111,529)	172,847
411	Provision for deferred income taxes - credit	0	0
411.5	Investment tax credit	0	0
426.1	Donations	47,765	96,601
426.5	Other deductions	0	0
427	Interest on long-term debt	0	0
430	Interest on debt to associate companies	45,715	15,550
431	Other interest expense	215,603	330,625
	Total Expense	16,506,413	17,617,988


	Net Income or (Loss)	0	0

ANALYSIS OF BILLING ASSOCIATE COMPANIES - ACCOUNT 457

NAME OF ASSOCIATE COMPANY		DIRECT COSTS CHARGED	INDIRECT COSTS CHARGED	COMPENSATION FOR USE OF CAPITAL	TOTAL AMOUNT BILLED
NAME OF ASSOCIATE COMPANY		457-1	457-2	457-3	TOTAL AMOUNT BILLED

Concord Electric Company		1,314,266	976,629	0	2,290,895
Exeter & Hampton Electric Company		1,445,675	1,094,555	0	2,540,230
Fitchburg Gas and Electric Light Company		3,859,959	2,948,288	0	6,808,247
UNITIL Power Corp.		1,870,877	1,388,093	0	3,258,970
UNITIL Realty Corp.		15,907	10,108	0	26,015
UNITIL Resources, Inc.		832,485	661,222	0	1,493,707
UNITIL Corp.		32,795	30,696	0	63,491

	TOTAL	9,371,964	7,109,591	0	16,481,555

ANALYSIS OF BILLING NONASSOCIATE COMPANIES - ACCOUNT 458

NAME OF NONASSOCIATE COMPANY		DIRECT COSTS CHARGED	INDIRECT COSTS CHARGED	COMPENSATION FOR USE OF CAPITAL	TOTAL COST	EXCESS OR DEFICIENCY	TOTAL AMOUNT BILLED
NAME OF NONASSOCIATE COMPANY		457-1	457-2	457-3	TOTAL COST	458-4	TOTAL AMOUNT BILLED
UNITIL Retiree Trust
UNITIL Retiree Trust		0	30,000		30,000	0	30,000


	TOTAL	0	30,000	0	30,000	0	30,000



INSTRUCTION: Provide a brief description of the services rendered to each non-associate company.

UNITIL Retiree Trust - Professional services provided.

SCHEDULE XVI - ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE AND NONASSOCIATE COMPANIES

DESCRIPTION OF ITEMS				ASSOCIATE COMPANY CHARGES			NONASSOCIATE COMPANY CHARGES			TOTAL CHARGES FOR SERVICE
DESCRIPTION OF ITEMS				DIRECT COST	INDIRECT COST	TOTAL	DIRECT COST	INDIRECT COST	TOTAL	DIRECT COST	INDIRECT COST	TOTAL
920 SALARIES AND WAGES				8,306,044	486,886	8,792,930		30,000	30,000	8,306,044	516,886	8,822,930
921 OFFICE SUPPLES AND EXPENSES				56,197	839,821	896,018			0	56,197	839,821	896,018
922 ADMIN EXPENSE TRANS-CREDIT					(67,320)	(67,320)			0	0	(67,320)	(67,320)
923 OUTSIDE SERVICES EMPLOYED				96,329	804,814	901,143			0	96,329	804,814	901,143
924 PROPERTY INSURANCE					3,254	3,254			0	0	3,254	3,254
925 INJURIES AND DAMAGES					54,583	54,583			0	0	54,583	54,583
926 EMPLOYEE PENSIONS AND BENEFITS					1,461,094	1,461,094			0	0	1,461,094	1,461,094
928 REGULATORY COMMISSION EXPENSE					0	0			0	0	0	0
930.1 GENERAL ADVERTISING EXPENSE					40,982	40,982			0	0	40,982	40,982
930.2 MISC. GENERAL EXPENSE					427,000	427,000			0	0	427,000	427,000
931 RENTS					1,455,652	1,455,652			0	0	1,455,652	1,455,652
932 MAINT. OF STRUCT. & EQUIP.				913,394	(431,276)	482,118			0	913,394	(431,276)	482,118
403 DEPR. AND AMORT. EXPENSE					1,053,409	1,053,409			0	0	1,053,409	1,053,409
408 TAXES OTHER THAN INCOME					679,843	679,843			0	0	679,843	679,843
409 INCOME TAXES					98,153	98,153			0	0	98,153	98,153
410 PROV FOR DEF INC TAXES					(111,529)	(111,529)			0	0	(111,529)	(111,529)
411 PROV FOR DEF INC TAX CREDIT						0			0	0	0	0
411.5 INVESTMENT TAX CREDIT						0			0	0	0	0
419 INTEREST INCOME					0	0			0	0	0	0
426.1 DONATIONS					47,765	47,765			0	0	47,765	47,765
426.5 OTHER DEDUCTIONS					0	0			0	0	0	0
427 INTEREST ON LONG-TERM DEBT						0			0	0	0	0
431 OTHER INTEREST EXPENSE					215,603	215,603			0	0	215,603	215,603
INSTRUCTION:			Total cost of service will equal for
	associate and nonassociate companies the
	total amount billed under their separate
	analysis of billing schedules.
			SUBTOTAL EXPENSES	9,371,964	7,058,734	16,430,698	0	30,000	30,000	9,371,964	7,088,734	16,460,698
COMPENSATION FOR USE OF EQUITY CAPITAL						0			0			0
430 INTEREST ON DEBT TO ASSOCIATE COS.				0	45,715	45,715	0	0	0	0	45,715	45,715
		TOTAL EXPENSES		9,371,964	7,104,449	16,476,413	0	30,000	30,000	9,371,964	7,134,449	16,506,413
421 MISCELLANEOUS (INCOME) OR LOSS				0	5,142	5,142	0	0	0	0	5,142	5,142
		TOTAL COST OF SERVICE		9,371,964	7,109,591	16,481,555	0	30,000	30,000	9,371,964	7,139,591	16,511,555

SCHEDULE XVII - SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR SERVICE FUNCTION

DESCRIPTION OF ITEMS	TOTAL AMOUNT	OVERHEAD	DEPARTMENT OR SERVICE FUNCTION					DEPARTMENT OR SERVICE FUNCTION
DESCRIPTION OF ITEMS	TOTAL AMOUNT	OVERHEAD	REGULATORY & COMMUN.	ADMIN.	ACCOUNTING	ENERGY MARKETS	DISTRIBUTION	FINANCE	CUSTOMER SERVICES	ENGINEERING	TECHNOLOGY
920 SALARIES AND WAGES	8,822,930		982,896	1,534,965	917,154	1,167,266	284,346	661,595	1,492,219	1,268,949	513,540
921 OFFICE SUPPLES AND EXPENSES	896,018		61,053	218,886	18,823	33,437	5,510	38,880	145,844	88,888	284,697
922 ADMIN. EXPENSE TRANS-CREDIT	(67,320)				(67,320)
923 OUTSIDE SERVICES EMPLOYED	901,143		54,169	436,448	15,986	6,312	70,010	173,565	90,380	13,828	40,445
924 PROPERTY INSURANCE	3,254			0				3,254
925 INJURIES AND DAMAGES	54,583			0				54,583
926 EMPLOYEE PENSIONS AND BENEFITS	1,461,094		18,471	1,408,078	3,808	(7,733)		2,807	14,683	2,199	18,781
928 REGULATORY COMMISSION EXPENSE	0		0
930.1 GENERAL ADVERTISING EXPENSE	40,982		1,647	39,335
930.2 MISC. GENERAL EXPENSE	427,000			116,912				310,088
931 RENTS	1,455,652		2,178	29,994	(936,480)		4,029	1,486,225	60,352	3,173	806,181
932 MAINT. OF STRUCT. & EQUIP.	482,118			29,839	27,865				62,263	1,297	360,854
403 DEPR. AND AMORT. EXPENSE	1,053,409				1,053,409
408 TAXES OTHER THAN INCOME	679,843				679,843
409 INCOME TAXES	98,153				98,153
410 PROV. FOR DEF. INC. TAXES	(111,529)				(111,529)
411 PROV. FOR DEF. INC. TAX CREDIT	0
411.5 INVESTMENT TAX CREDIT	0
426.1 DONATIONS	47,765				47,765
426.5 OTHER DEDUCTIONS	0
427 INTEREST ON LONG-TERM DEBT	0
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES	45,715							45,715
431 OTHER INTEREST EXPENSE	215,603							215,603
INSTRUCTION: Indicate each department or
Service function. (see Instruction
01-3 General Structure of Accounting
System Uniform System Account.
TOTAL EXPENSES -	16,506,413	0	1,120,414	3,814,457	1,747,477	1,199,282	363,895	2,992,315	1,865,741	1,378,334	2,024,498

DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920

NAME OF DEPARTMENT	DEPARTMENTAL SALARY EXPENSE				NUMBER PERSONNEL
NAME OF DEPARTMENT	DEPARTMENTAL SALARY EXPENSE					INCLUDED IN AMOUNTS BILLED TO
Indicate each department or service function	TOTAL AMOUNT	PARENT COMPANY	OTHER ASSOCIATES	NON ASSOCIATES		END OF YEAR

Regulatory and Communications	982,896	0	982,896	0	15

Technology Services	513,540	0	513,540	0	11

Accounting	917,154	0	912,354	4,800	21

Finance	661,595	0	660,995	600	10

Administrative	1,534,965	0	1,511,265	23,700	22

Energy Markets	1,167,266	0	1,167,266	0	18

Engineering	1,268,949	0	1,268,949	0	21

Distribution	284,346	0	284,346	0	2

Customer Services	1,492,219	0	1,491,319	900	45


TOTAL	8,822,930	0	8,792,930	30,000	165

OUTSIDE SERVICES EMPLOYED - ACCOUNT 923

INSTRUCTIONS:	Provide a breakdown by subaccount of outside services employed. If the aggregate amounts paid to any one payee and included within one subaccount is less than $25,000, only the aggregate number and amount of all such payments included within the subaccount need be shown. Provide a subtotal for each type of service.
FROM WHOM PURCHASED		ADDRESS	RELATIONSHIP "A" = ASSOCIATE "NA" = NON-ASSOCIATE	AMOUNT

Outside Services - Legal
Various			NA	24,224
Akin, Gump Strauss			NA	42,446
LeBoeuf, Lamb, Greene			NA	125,320

Outside Services - Accounting
Grant Thornton			NA	3,543

Outside Services - Other
Various			NA	270,053
Bruce Mast & Associates			NA	37,400
Ceridian			NA	56,029
Factors Funding Co.			NA	45,488
Fitchburg Royal Plaza			NA	51,451
George Beram & Company Inc.			NA	39,026
Hay Group			NA	33,497
Russell Reynolds			NA	96,361
URT			NA	57,300

Outside Services - Market Development
Various			NA	5,285

Outside Services - Visibility
Various			NA	13,720


			TOTAL	901,143

EMPLOYEE PENSIONS AND BENEFITS - ACCOUNT 926

INSTRUCTIONS:	Provide a listing of each pension plan and benefit program provided by the service company. Such listing should be limited to $25,000.
DESCRIPTION			AMOUNT

Health Insurance			809,337
Net Periodic Pension Expense			133,913
401 K			208,750
Life Insurance			65,375
Education			64,788
Other			34,537
Supplemental Executive Retirement Plan			111,659
FASB 106			32,735

		TOTAL	1,461,094

GENERAL ADVERTISING EXPENSES - ACCOUNT 930.1

INSTRUCTIONS:	Provide a listing of the amounts included in Account930.1 "General Advertising Expenses", classifying the items according to the nature of the advertising and as defined in the account definition. If a particular class includes an amount in excess of $3,000 applicable to a single payee, show separately the name of the payee and the aggregate amount applicable thereto.
DESCRIPTION		NAME OF PAYEE	AMOUNT

Advertising		Advance Notice, Inc.	11,665
Advertising		Adventures in Advertising	6,584
Advertising		Business Wire	13,535
Advertising		Northeast Creations	3,090
Advertising		Other	6,108


		TOTAL	40,982

MISCELLANEOUS GENERAL EXPENSES - ACCOUNT 930.2

INSTRUCTIONS:	Provide a listing of the amount included in Account 930.02"Miscellaneous General Expense", classifying such expenses according to their nature. Payments and expenses permitted by Section 321 (b) (2) of the Federal Election Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. 441 (b) (2) shall be separately classified.
DESCRIPTION			AMOUNT

Printing and Distribution of Quarterly and Annual Reports			76,515
Director's Fees and Expenses			233,638
Internet Development			8,994
Communications			107,853

		TOTAL	427,000

RENTS - ACCOUNT 931

INSTRUCTIONS:	Provide a listing of the amount included in Account 931, "Rents" classifying such expenses by major groupings of property, as defined in the account definition of the Uniform System of Accounts.
TYPE OF PROPERTY			AMOUNT

Office Building			1,485,573
EDP Equipment			(33,685)
Miscellaneous			3,764

		TOTAL	1,455,652

TAXES OTHER THAN INCOME TAXES_ACCOUNT 408

INSTRUCTIONS:	Provide an analysis of Account 408, "Taxes Other Than Income Taxes". Separate the analysis into two groups: (1) other than U. S. Government and (2) U.S. Government taxes. Specify each of the various kinds of taxes and show the amounts there of. Provide a subtotal for each class of tax.
KIND OF TAX			AMOUNT

Other than U.S. Government Tax:
State Unemployment Tax - NH			8,406
Business Enterprise Tax			51,018
Business Profits Tax			1,406
		SUBTOTAL	60,830

U.S. Government Tax:
Federal Insurance Contribution Act			608,850
Federal Unemployment Tax			10,163
		SUBTOTAL	619,013


		TOTAL	679,843

DONATIONS - ACCOUNT 426.1

INSTRUCTIONS:	Provide a listing of the amount included in Account 426.1, "Donations", classifying such expenses by its purpose. The aggregate number and amount of all items of less than $3,000 may be shown in lieu of details.
NAME OF RECIPIENT		PURPOSE OF DONATION	AMOUNT

P. J. Stulgis Memorial Fund			12,500
Easter Seals			6,735
United Way			7,350
Various			21,180

		TOTAL	47,765

OTHER DEDUCTIONS - ACCOUNT 426.5

INSTRUCTIONS:	Provide a listing of the amount included in Account 426.5, "Other Deductions", classifying such expenses according to their nature.
DESCRIPTION		NAME OF PAYEE	AMOUNT

NONE

SCHEDULE XVIII - NOTES TO STATEMENT OF INCOME

INSTRUCTIONS:	The space below is provided for important notes regarding the statement of income or any account thereof. Furnish particulars as to any significant increases in services rendered or expenses incurred during the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference.

See page 16.

ORGANIZATION CHART

ORGANIZATION CHART as of December 31, 2000



President	Anthony J. Baratta, Jr.
Senior Executive Vice President	Michael J. Dalton
Senior Vice President	George R. Gantz
Vice President	Glenn D. Appleton
Vice President	Todd R. Black
Vice President	Laurence M. Brock
Vice President & Treasurer	Mark H. Collin
Vice President	David K. Foote
Vice President	Raymond J. Morrissey
Vice President	Thomas E. Smith
Vice President	Frederick J. Stewart
Secretary	Sandra L. Whitney

METHODS OF ALLOCATION

The cost of services rendered by UNITIL Service are allocated and billed based on direct time charges and to a lesser extent, direct cost assigned to individual projects or jobs performed on behalf of associated companies in accordance with the general guidelines set forth below.

Direct Labor Cost - Gross Wages. Direct Labor Cost - Gross Wages are based on the actual gross wage rates of assigned employees multiplied by the actual number of hours worked and directly charged to specific projects or jobs.
Direct Labor Cost - Other. Direct Labor Cost - Other includes the costs of paid absences, such as vacations, sick pay and holidays, and are allocated by employee based on the direct time charged to associated companies. In the event there are not direct time charges available for this allocation, the direct time charges for all UNITIL Service employees are used to make this allocation.
General Overhead Costs, including Indirect Labor. General Overhead Costs represent UNITIL Service Indirect Labor Costs and Administrative and General Expenses, and are allocated based on a monthly overhead rate applied against direct time charges. Indirect Labor Costs include pension costs, insurance, payroll taxes, employee savings plan, and similar payroll and benefit items. Administrative and General Expenses are those administrative and operating expenses incurred by UNITIL Service in providing services to associated companies which cannot be identified with or directly charged to a specific project or job.
Direct Charges. Direct Charges are costs that are directly assignable based on the individual projects or jobs performed on behalf of associated companies, and are excluded from General Overheads. Direct Charges are billed at actual cost and include: Employee Travel, Meals, Lodging, and Other Related Expenses, Data Management Hardware Leases and Maintenance Costs, Telephone Lease, and other miscellaneous expenses.

ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED - Non applicable

SIGNATURE CLAUSE

Pursuant to the requirements of the Public Utility Holding Company Act of1935 and the rules and regulations of the Securities and Exchange Commission issued thereunder, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized,

UNITIL Service Corp.

By: /S/ Anthony J. Baratta, Jr.
Anthony J. Baratta Jr., Sr.
Vice President & CFO

April 17, 2001