UNITED STATES
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): June 16, 2015
UNITIL CORPORATION
(Exact name of registrant as specified in its charter)
| New Hampshire | 1-8858 | 02-0381573 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS 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
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure
On June 16, 2015, Unitil Corporation (“Unitil” or “Registrant”) issued a press release announcing that its Massachusetts gas and electric distribution utility, Fitchburg Gas and Electric Light Company, filed separate rate cases for its gas and electric divisions with the Massachusetts Department of Public Utilities (“Department”) requesting approval to change distribution rates. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits |
| Number | Exhibit | |
| 99.1 | June 16, 2015 press release announcing the filing of rate cases for Fitchburg Gas and Electric Light Company. | |
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, hereunto duly authorized.
| UNITIL CORPORATION | ||
| By: | /s/ Mark H. Collin | |
| Mark H. Collin | ||
| Senior Vice President, Chief Financial Officer and Treasurer | ||
| Date: | June 16, 2015 | |
EXHIBIT INDEX
| Number | Exhibit | |
| 99.1 | June 16, 2015 press release announcing the filing of rate cases for Fitchburg Gas and Electric Light Company. | |
Exhibit 99.1
FOR RELEASE
UNITIL FILES FOR A CHANGE IN GAS AND ELECTRIC DISTRIBUTION RATES FOR MASSACHUSETTS CUSTOMERS
HAMPTON, N.H., JUNE 16, 2015 — Unitil Corporation (NYSE: UTL) (www.unitil.com) announced today that its Massachusetts gas and electric distribution utility, Fitchburg Gas and Electric Light Company d/b/a Unitil, filed separate rate cases for its gas and electric divisions with the Massachusetts Department of Public Utilities (“Department”) requesting approval to change distribution rates. If approved, the new rates would become effective no later than May 1, 2016 following a comprehensive review by the Department.
Unitil requested a gas rate increase of $3.0 million, or 8.3 percent, over total gas operating revenue. For the electric division, the Company has requested an electric rate increase of $3.8 million, or 5.6 percent, over total electric operating revenue. The gas and electric distribution rate increases are driven by expenditures to replace aging infrastructure and enhance system reliability and by higher operating costs.
A typical residential gas customer using an average of 74 therms a month would see an increase of $13.68 per month or 9.3 percent. The typical residential electric customer using an average of 587 kWh a month would see an increase of $4.88 per month or 3.5 percent. Impacts on other individual customers will vary depending upon rate class and usage characteristics.
About Unitil Corporation
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’s operating utilities serve approximately 102,700 electric customers and 77,900 natural gas customers. Other subsidiaries include Usource, Unitil’s non-regulated business segment. For more information about our people, technologies, and community involvement please visit www.unitil.com.
For more information please contact:
| David Chong – Investor Relations | Alec O’Meara – Media Relations | |
| Phone: 603-773-6499 | Phone: 603-773-6404 | |
| Email: chong@unitil.com | Email: omeara@unitil.com |