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Q:
What is Unitil Energy Systems?
A:
As of December 1, 2002, Unitil's distribution companies - Concord Electric Company and Exeter & Hampton Electric Company - have merged into Unitil Energy Systems, Inc.
Q:
What will stay the same and what has changed?
A:
Our address, our phone number and our service will be unchanged, but customers' bills will look different. The two sets of electric rates, which were slightly different, have been combined.
Q:
Why did Unitil merge the two companies?
A:
Efficiency is a critical objective, both in the operation of distribution systems and in the implementation of industry restructuring. Unitil's commitment to efficiency assures that our customers will continue to pay the lowest rates.
Q:
What does this have to do with restructuring?
A:
These changes reflect Unitil's implementation of the comprehensive New Hampshire Electric Restructuring Settlement Agreement Unitil negotiated with all parties in September, which was formally approved by the Public Utilities Commission on October 25, 2002. The key provisions of the Agreement included the combination of Unitil's New Hampshire distribution operations into a single company, an increase of $2 million in annual distribution revenues as well as other rate changes, approval of Unitil's power supply restructuring process including full recovery of stranded costs and the introduction of customer choice on May 1, 2003.