Hampton, NH (April 19, 2007): Unitil Corporation (AMEX:UTL) held its Annual Meeting of Shareholders today at the corporate office in Hampton, New Hampshire. Shareholders re-elected Michael J. Dalton, Edward F. Godfrey and Eben S. Moulton to the Board of Directors for three-year terms.
"In 2006 we achieved two key rate case settlements, initiated a major investment in an award-winning Advanced Metering project and grew our Usource business, expanding its forward book of revenues to $6 million. Our long term goal continues to be earnings growth in the range of 3-5% per year," said Robert G. Schoenberger, Unitil's Chairman and Chief Executive Officer.
In his presentation at the meeting, Mr. Schoenberger reviewed Unitil's 2006 financial and operational performance. The presentation also highlighted the Company's ongoing business strategies including its regulatory initiatives, investments in distribution assets and technology, growth of its Usource business and the pursuit of additional growth opportunities building on core competencies. Mr. Schoenberger's presentation is available on the Company website at www.unitil.com.
Unitil Corporation is a public utility holding company with subsidiaries providing electric service in New Hampshire, electric and gas service in Massachusetts and energy services throughout the northeast.
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
