Hampton, NH (April 16, 2009): Unitil Corporation (NYSE:UTL) (www.unitil.com) held its Annual Meeting of Shareholders today at the corporate office in Hampton, New Hampshire. Shareholders re-elected William D. Adams, Robert G. Schoenberger, and Sarah P. Voll to the Board of Directors for three-year terms.
"2008 was a transformative year for Unitil with the acquisition of Northern Utilities, Inc. and Granite State Gas Transmission, Inc.," said Robert G. Schoenberger, Unitil's Chairman and Chief Executive Officer. "Despite the current tough economic environment, Unitil is well positioned to continue to grow in the years ahead."
In his presentation at the meeting, Mr. Schoenberger reviewed Unitil's 2008 financial and operational performance, as well as a summary of the Company's acquisition of Northern Utilities, Inc. and Granite State Gas Transmission, Inc. Mr. Schoenberger's presentation is available on the Company website at www.unitil.com.
About Unitil
Unitil is a public utility holding company with subsidiaries providing electric and gas distribution service in New Hampshire and Massachusetts, gas distribution service in Maine and energy services throughout the northeast. Unitil serves approximately 170,000 utility customers in three states. Its utility affiliates include Unitil Energy Systems, Inc., Fitchburg Gas and Electric Light Company, Northern Utilities, Inc. and Granite State Gas Transmission, Inc. Its other subsidiaries include Unitil Service Corp. and its non-regulated business segment Unitil Resources, Inc. Usource L.L.C. is a subsidiary of Unitil Resources, Inc.
This news release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Certain factors that could cause the actual results to differ materially from those projected in these forward-looking statements include, but are not limited to; variations in weather, changes in the regulatory environment, customers' preferences on energy sources, general economic conditions, increased competition and other uncertainties, all of which are difficult to predict, and many of which are beyond the control of the Company.
Contact
Mark Collin
collin@unitil.com
Corporate Office
Liberty Lane West
Hampton, NH 03842-1720
800/999-6501
