nyse utl industry public utility founded 1984 headquarters hampton new hampshire united states area served united states services electric utilities natural gas revenue 366.9 million as of 2013 update 1 website http www.unitil.com unitil corporation is an interstate electricity and natural gas utility company that serves the areas in new hampshire massachusetts and maine . the company was set up in 1984 and is based in new hampshire . it provides electric services to about 102 400 customers and natural gas to over 75 900 customers . 2 the service territory of unitil includes business districts and recreational centers as well as commercial and industrial business such as electronic component manufacturers and education institutes . 3 the company has an enterprise value of 766.54 million . 1 the non utility business is operated through the company s subsidiary u source which is a national energy brokering and advice company . 3 background edit unitil through the years 1849 portland gas light company founded in maine . 1852 fitchburg gas and electric light company is organized to illuminate gas streetlights in downtown fitchburg massachusetts . 1901 concord electric company is founded . 1908 exeter & hampton electric company is founded . 1979 northern utilities is incorporated . its predecessor companies include portland gas light company . 1984 unitil corporation is incorporated as a public utility holding company with utility operating subsidiaries concord electric company and exeter & hampton electric company . unitil service corp. is founded to provide joint administrative services for unitil s subsidiary companies . 1992 unitil merges with fitchburg gas and electric light company and fitchburg remains as one of unitil s operating utility companies . 1993 unitil founds unitil resources inc. as a non utility subsidiary . its affiliate usource llc . provides energy brokerage services to large energy users throughout the northeast seeking competitive electricity or natural gas supply . 2002 concord electric company and exeter & hampton electric company merge and unitil energy systems is the new name of the combined companies . 2008 northern utilities and granite state gas transmission are acquired by unitil . 4 the company generates revenue mainly distributing utility to customers through operating the underground transmission pipeline and providing energy consulting service and real estate service . 5 2013 the revenue of gas operation is 170.4 million accounting for 46 % of the total operation revenue and the electricity operation revenue 190.7 million represents 52 % of the total revenue . 2 the company has four segments three wholly owned distribution utilities and five subsidiaries providing utilities and relevant advice and management service to customers . 6 the three distribution utilities are unitil energy systems inc. fitchburg gas and electric light company and northern utilities inc. 3 the cold weather made more and more people switch to the service of unitil which resulted in a gas sale increase so the company has planned to invest 570 million to expand its distribution infrastructure to serve a larger number of customers . 7 in winter 2014 the company has asked for a price increase to part of its customers in greater portland and the lewiston auburn because of the high demand and harsh weather . the maine public utilities commission puc approved its price increase but cut its request by one third . 8 references edit a b utl key statistics unitil corporation stock yahoo finance . finance.yahoo.com . retrieved 2014 02 17 . a b unitil corp. annual report form 10 k annual report section 13 and 15 d not s k item 405 . sec.gov . 2013 01 29 . retrieved 2014 02 17 . a b c unitil corp utl company profile . reuters.com . retrieved 2014 02 18 . http unitil.com company company profile utl profile unitil corporation stock yahoo finance . finance.yahoo.com . retrieved 2014 02 17 . utl summary unitil corporation stock nyse utl quotes & news google finance . google.com . retrieved 2014 02 17 . unitil results cooking with gas growth in natural gas sales fuels 3.5 % increase in earnings . . new hampshire business review . 2014 02 03 . retrieved 2014 02 17 . unitil natural gas customer get a price hike . portland press herald . 2014 02 05 . retrieved 2014 02 18 . external links edit official website retrieved from https en.wikipedia.org w index.php title unitil corporation & oldid 731546682 categories companies established in 1984publicly traded companies of the united statescompanies listed on the new york stock exchangehidden categories articles containing potentially dated statements from 2013all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store 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