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Unitil Corporation reports developments tied to its regulated electric and natural gas utility operations in New England. The company is a public utility holding company with operating utilities in Maine, New Hampshire and Massachusetts, with service activities organized around electric distribution, natural gas distribution and related gas transmission operations.
Recurring news includes quarterly and annual earnings, rate and customer-growth effects on electric and gas margins, common stock dividend declarations, shareholder meeting results, board elections and updates on strategic utility acquisitions. Company updates also address system reliability investment, regulatory revenue items, non-GAAP adjustments for transaction costs and integration of acquired gas and water utility businesses.
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Unitil Corporation (NYSE:UTL) announced the election of Anne L. Alonzo to its Board of Directors during the 2023 Annual Meeting of Shareholders. Alonzo, who will serve a two-year term, has an extensive background in sustainability and regulatory affairs, having previously been a C-Suite executive at Corteva Agriscience and a leader at the American Egg Board. Her expertise in environmental sustainability, public policy, and ESG (Environmental, Social, Governance) is expected to enhance the board's capabilities. Unitil operates in New England, servicing approximately 108,100 electric customers and 87,500 natural gas customers. The leadership change aims to strengthen the company's focus on delivering reliable energy while addressing sustainability challenges.
On April 26, 2023, Unitil Corporation (NYSE: UTL) conducted its Annual Meeting of Shareholders in Hampton, New Hampshire. Key outcomes included the re-election of four directors for three-year terms and one director for a two-year term. Shareholders ratified Deloitte & Touche, LLP as independent accountants for 2023, with 97% approval for the advisory vote on executive compensation, set to occur annually. Chairman Thomas P. Meissner, Jr. discussed 2022 highlights and the Clean Energy Transition strategy aimed at sustainable value. Unitil serves approximately 108,100 electric and 87,500 natural gas customers across New England.
Unitil Corporation (NYSE:UTL) has declared a **quarterly dividend** of **$0.405** per share on its common stock, set to be paid on **May 30, 2023**, to shareholders recorded by **May 16, 2023**. This dividend results in an **annualized rate** of **$1.62** per share, reinforcing the company's commitment to providing shareholder returns. Unitil Corporation operates in **New England**, delivering natural gas and electricity and serving approximately **108,100 electric** and **87,500 natural gas** customers. Their focus on community involvement and efficient energy delivery underlines their dedication to sustainable practices.