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Unitil
Unitil

Energy / Utilities and Energy Services

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Overview
Unitil is a public utility company that provides electricity and natural gas services to customers in New England. The company was founded in 1984 and is headquartered in Hampton, New Hampshire. Unitil serves approximately 106,000 electric customers and 83,000 natural gas customers in the states of Massachusetts, New Hampshire, and Maine.
Unitil's mission is to provide safe, reliable, and affordable energy services to their customers. They focus on delivering exceptional customer service, promoting energy efficiency, and investing in renewable energy resources.
The company is regulated by state utility commissions in the three states they operate in, and they work closely with local communities to provide environmentally sustainable energy solutions.
In addition to their utility services, Unitil also offers various energy-related products and services, including energy audits, appliance rebates, and energy efficiency consulting.
Overall, Unitil is committed to serving their customers and communities while also promoting sustainable energy practices.
What is special about the company?
1. Long-standing History: Unitil has been in operation for more than 100 years, making it one of the oldest energy and utility companies in the United States.
2. Diversified Operations: In addition to providing electricity and natural gas services, Unitil also offers energy efficiency solutions and renewable energy options to its customers.
3. Focus on Sustainability: Unitil is committed to developing sustainable energy solutions and reducing its carbon footprint, with a goal to achieve net-zero carbon emissions by 2050.
4. Strong Reputation: Unitil has a strong reputation for reliability and customer service, consistently ranking among the top utility companies in the nation for customer satisfaction.
5. Community Involvement: The company is deeply involved in the communities it serves, supporting local organizations and initiatives and promoting volunteerism among its employees.
6. Safety & Resiliency: Unitil prioritizes safety and takes measures to ensure the resiliency of its infrastructure, especially during extreme weather events.
7. Innovative Technologies: The company is constantly investing in new technologies, such as advanced metering systems and grid modernization, to improve the customer experience and minimize outages.
8. Commitment to Diversity & Inclusion: Unitil values diversity and is committed to creating an inclusive workplace culture that recognizes and embraces the unique contributions of each employee.
9. Responsible Corporate Citizenship: Unitil is dedicated to conducting its business in an environmentally and socially responsible manner, with transparent and ethical practices.
10. Strong Financial Performance: The company has a track record of strong financial performance, providing reliable returns to its shareholders while also keeping rates reasonable for customers.
What the company's business model?
Unitil Corporation is an energy company that operates primarily in the northeastern United States. Its business model primarily consists of the generation, transmission, and distribution of electricity and natural gas to residential, commercial, and industrial customers.
The company's electric generation facilities include a mix of natural gas, renewable energy, and oil-fired plants. It also purchases energy from other suppliers to meet customer demand.
In terms of transmission, Unitil owns and operates a network of high-voltage transmission lines that deliver electricity to distribution systems. The company also operates a network of natural gas pipelines to deliver gas to its customers.
The distribution aspect of Unitil's business involves the delivery of electricity and natural gas to customers through a network of local distribution systems. This includes maintaining and upgrading infrastructure, responding to outages and emergencies, and managing customer accounts.
Unitil also offers energy efficiency programs and services for customers to help them reduce their energy usage and save on costs.
Overall, the company's business model aims to provide reliable and affordable energy services to its customers while also investing in renewable energy and promoting energy conservation.
Interesting facts about the company
1. Unitil Corporation is a utility holding company based in Hampton, New Hampshire.
2. The company was originally called Hampton Electric and was founded in 1911 to provide power to the town of Hampton, New Hampshire.
3. The name was changed to Unitil Corporation in 1984 and the company expanded its services to include natural gas distribution and electric transmission.
4. Unitil serves over 100,000 electric and natural gas customers in New England, including customers in the states of New Hampshire, Massachusetts, and Maine.
5. The company has a strong commitment to environmental sustainability and has implemented various programs to reduce its carbon footprint and promote energy efficiency.
6. Unitil is a publicly traded company and is listed on the New York Stock Exchange under the ticker symbol UTL.
7. In addition to providing energy services, Unitil also offers energy consulting and advisory services to commercial and industrial customers.
8. The company has received numerous awards and recognitions for its commitment to customer service, reliability, and community involvement.
9. Unitil is a member of various industry organizations, including the Edison Electric Institute, the American Gas Association, and the Northeast Gas Association.
10. The company has its own charitable foundation, the Unitil Charitable Foundation, which provides grants to local nonprofit organizations in the communities it serves.
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