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News of the acquisition was released in February. The company filed joint Petitions requesting approval with the Public Utility Commissions in Maine and New Hampshire on March 31. The NHPUC approved the transaction on October 10. The MPUC issued an order approving the transaction with conditions on October 22, which it modified on November 5.
In Massachusetts, a change in state law in July led to the filing of a Petition with the MDPU on August 13. The department approved the transaction, after investigation and hearing, on November 18.
Hampton, New Hampshire-based 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.
The company's subsidiaries include Unitil Energy Systems, Fitchburg Gas and Electric Light Co., Unitil Power, Unitil Realty, Unitil Service and its non-regulated business segment Unitil Resources. Usource L.L.C. is a subsidiary of Unitil Resources.
Northern Utilities is a local natural gas distribution utility serving 52,000 customers in 44 communities in Maine and New Hampshire. Granite's principal business is delivering natural gas transportation services to Northern and providing access to inter-state natural gas pipeline supplies over 87 miles of FERC-regulated pipeline located primarily in Maine and New Hampshire.
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