SECURITIES AND EXCHANGE COMMISSION



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549



FORM 8-K




CURRENT REPORT




Pursuant to Section 13 or 15(d) of the Securities Exchange Act 1934



Date of Report (Date of earliest event reported): January 16, 2003





Commission File Number    1-8858




UNITIL CORPORATION

(Exact name of registrant as specified in its charter)




New Hampshire

02-0381573

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer Identification No.)

  
  

6 Liberty Lane West,
Hampton, New Hampshire

03842-1720

(Address of principal executive offices)

(Zip Code)





Registrant's telephone number, including area code:  (603) 772-0775




Item 5. Other Events


On January 16, 2003, Unitil Corporation (the "Company") accepted the resignation of William E. Aubuchon, III from, and elected Dr. Sarah P. Voll to, the Board of Directors of the Company.  Mr. Aubuchon was a member of the Audit Committee of the Board of Directors of the Company.  Dr. Voll was appointed to the Audit Committee.  The Company has issued a press release regarding these events which is attached hereto as Exhibit 99.



Item 7.  Financial Statements and Exhibits


Financial Statements


None


Exhibits


Exhibit 99:

Press release dated January 16, 2003.






SIGNATURES




Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.






 

UNITIL CORPORATION         

 

        (Registrant)





Date:  January 17, 2003     

/s/      Anthony Baratta

 

         Anthony Baratta

 

         Chief Financial Officer



Date:  January 17, 2003

/s/      Mark H. Collin                    

 

         Mark H. Collin

 

         Treasurer      


Draft Press Release














Contact:

Stephanye Schuyler

Phone: 603-773-6465

Fax:  603-773-6665

Email:  schuyler@unitil.com


Unitil Announces Board Changes


Hampton, NH - January 16, 2003  -  Unitil Corporation (AMEX: UTL) (www.unitil.com) announced that William E. Aubuchon, III has resigned from its Board of Directors, citing the need to focus his efforts on opportunities in his own business.   Unitil also announced that Dr. Sarah P. Voll was elected to the Board to serve Mr. Aubuchon's unexpired term.   Dr. Voll, an economist and Vice President with National Economic Research Associates, has 22 years of experience in utility regulation including consultation to clients worldwide and extensive service with a state regulatory commission.  Dr. Voll will stand for election to a full three-year term at Unitil's Annual Meeting of Shareholders, scheduled for April 17, 2003.


"Bill has been a strong contributor to our Board over the past two years and his participation will be missed," said Bob Schoenberger, Unitil's Chairman and Chief Executive Officer.  "We have appreciated his insights, both as an astute leader in the retail business sector in the Northeast and as a community leader in North Central Massachusetts."


"At the same time, I am pleased to welcome Sarah Voll to our Board.  With her extensive background in regulatory economics as well as the practical details of utility regulation, Sarah will provide valuable depth to our understanding of the regulatory process which is so critical to our long term success in managing energy delivery systems.  I look forward to working with her in the years ahead."


Unitil 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. Its subsidiaries include, Fitchburg Gas and Electric Light Company, Unitil Energy Systems, Inc., 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 of Internet-based energy brokering and related products and services is available at www.usourceonline.com.


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