According to the company, the purchase agreement between NiSource and Unitil was announced in February 2008. All conditions of the agreement including the receipt of approvals from state regulatory authorities in Maine, New Hampshire and Massachusetts were completed in November 2008.
With the acquisition, all 81 Northern and Granite employees and 52,000 natural gas distribution customers have become part of the Unitil system. Unitil now employs 430 full time employees and provides energy distribution services to approximately 167,000 customers in 71 cities and towns in Massachusetts, Maine and New Hampshire.
Robert Schoenberger, Unitil’s chairman and CEO, said: “Unitil welcomes the Northern and Granite employees, customers and communities to our system. Unitil is positioned as a regional utility system serving a variety of communities, including some of small cities in America.”
Unitil is a public utility holding company with subsidiaries providing electric and gas distribution service in New Hampshire and Massachusetts, gas distribution service in Maine and energy services throughout the Northeast. Its subsidiaries include Unitil Energy Systems, Fitchburg Gas and Electric Light Company, Northern Utilities, Granite State Gas Transmission, Unitil Power Corp., Unitil Realty Corp., and Unitil Service Corp.
