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): April 29, 2016
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 April 29, 2016, Unitil Corporation (“Unitil” or “Registrant”) issued a press release announcing that its New Hampshire electric distribution utility, Unitil Energy Systems, Inc., filed a rate case with the New Hampshire Public Utilities Commission requesting approval to change distribution rates for all customers. 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 | April 29, 2016 press release announcing the filing of a rate case for Unitil Energy Systems, Inc. | |
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: May 2, 2016
EXHIBIT INDEX
| Number | Exhibit | |
| 99.1 | April 29, 2016 press release announcing the filing of a rate case for Unitil Energy Systems, Inc. | |
Exhibit 99.1
FOR RELEASE
UNITIL ENERGY FILES FOR A CHANGE IN ELECTRIC DISTRIBUTION RATES FOR NEW
HAMPSHIRE CUSTOMERS
HAMPTON, N.H., APRIL 29, 2016 — Unitil Corporation (NYSE: UTL) (www.unitil.com) announced today that its New Hampshire electric distribution utility, Unitil Energy Systems, Inc., (“Unitil Energy”) filed a base rate case with the New Hampshire Public Utilities Commission (“Commission”) 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. The Company’s last base rate case was filed six years ago.
Unitil Energy requested an electric base rate increase of $6.26 million, or 3.6 percent, over total annual revenue at present rates. The proposed rates are designed to provide revenues in support of the company’s growing electric distribution system investments and operations. The filing includes a proposed rate plan and other associated rate design and tariff changes.
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 $5.27 per month, or 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 103,300 electric customers and 78,700 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 |
6 Liberty Lane West
Hampton, NH 03842
T 603.772.0775
www.unitil.com