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Stock impact report

Gas pipeline operators push for higher rates could spark increase in electricity costs [Yahoo! Finance]

UNITIL Corporation (UTL) 
Last unitil corporation earnings: 4/30 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Algonquin Gas Transmission and Maritimes & Northeast Pipeline have asked the Federal Energy Regulatory Commission to authorize higher charges. And Granite State Gas Transmission has reached a settlement with regulators that will lead to higher bills for ratepayers. The interstate pipelines are used by companies that deliver gas to thousands of Maine homes and businesses for heat, hot water and cooking. The pipelines also send natural gas to power plants that generate electricity, meaning the changes will have a ripple effect on the cost of electricity. The Granite State line serves customers of its owner, Unitil Corp. Summit Natural Gas, Bangor Natural Gas and Maine Natural Gas tap the Algonquin and Maritimes lines. Unitil's settlement with state regulators and consumer advocates in Maine and New Hampshire would increase costs about 2.6% from what they were in the 2023-24 heating season, or about $4 a month — $24 for the season — for a residential heating customer, a spokesman Show less Read more
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