Unitil Corp, AG reach settlement agreement
Unitil Corp. announced that its Fitchburg-based subsidiary and the Attorney General have filed a rate Settlement Agreement with the Massachusetts Dept. of Telecommunications and Energy (MDTE).
If approved by the MDTE, the settlement will call for the gas division of Fitchburg Gas and Electric Company d/b/a Unitil to phase-in gas distribution rate changes. The initial rate increase of $1.2 million will occur as of February 1, 2007, followed by an additional $1.0 million increase on November 1, 2007. Included in the plan is an agreement on several other rate matters and service quality performance measures for the company's gas division in the areas of safety, customer service and satisfaction.
Under the settlement, a residential heating customer will see their natural gas bill increase from $264.40 to $272.50, or 3.1 percent as of Feb. 1, 2007 and an additional 2.5 percent on Nov. 1, 2007.
Unitil Corp. is a public utility holding company with subsidiaries providing electric service in New Hampshire, and electric and gas service in Massachusetts.
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