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Unitil Corporation is a public utility holding company system.
It is the parent company of eight wholly owned subsidiaries,
known as the Unitil System, in New Hampshire and Massachusetts.
These subsidiaries form a fully integrated system of energy
and service companies that supply some 100,000 customers in
New Hampshire and Massachusetts. Unitil's principal business
is the purchase, transmission, distribution, and sale of electricity,
as well as the distribution and sale of natural gas through
its three retail subsidiaries, Concord Electric Company, Exeter
& Hampton Electric Company, and Fitchburg Gas and Electric
Light Company. Unitil Power Corp. provides wholesale power
and transmission services to the system's retail subsidiaries.
Unitil Resources Inc. (URI) markets energy, consulting, and
other energy-related services to nonaffiliates. Unitil Corporation
owns real estate to support the utility business of its affiliates.
Until Service Corp. provides centralized support to the system's
companies. Usource L.L.C. (a subsidiary of URI) Internet-based
energy procurement supplies services to large commercial,
industrial, and institutional customers throughout New York
and New England. In 1999, Electric Light & Power magazine
ranked Unitil's three distribution subsidiaries as first,
seventh, and 17th in its list of the nation's 100 lowest-cost
distribution companies.
Unitil's history is rooted in its three retail distribution
utilities--Fitchburg G & E, Concord Electric, and Exeter
& Hampton--three independent, investor-owned utility systems
formed through a significant ownership by the Tenney family.
More than 100 years after the founding and development of
these companies, Unitil emerged as the holding company of
a retail electric and gas distribution utility in Massachusetts
and of two retail electric distribution utilities in New Hampshire.
In 1852, before the Civil War, the Fitchburg Gas Company began
to supply customers in central Massachusetts. Shortly a practical
version of the incandescent lamp was invented, Fitchburg Gas
bought the Wachusett Electric Light Company and in 1895 changed
its company name to Fitchburg Gas and Electric Light Company.
Concord Land and Power Company--incorporated in Concord, New
Hampshire in 1892--became the Concord Electric Company in
1901 and acquired Penacook Electric Light Company in 1918.
Exeter and Hampton Electric --established in 1908--began by
serving customers in 13 towns in Rockingham County, New Hampshire,
and then extended its lines to Hampton Falls, Newton, East
Kingston, and South Hampton. These companies functioned as
private, investor-owned firms to supply electricity in their
respective New Hampshire markets. Fitchburg G & E, also
a private, investor-owned company, supplied its Massachusetts
market with electricity and gas.
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