Hampton

Coming to a compromise of sorts with the attorney general (AG) of Massachusetts, Hampton, NH-based Unitil Corp. said Monday its Massachusetts utility operating subsidiary, Fitchburg Gas and Electric Light Co., and the AG have filed a rate settlement agreement for the company’s gas division with the Massachusetts Department of Telecommunications and Energy (MDTE).

AGL Resources subsidiary Virginia Natural Gas said its performance-based rate proposal, including plans for a $48-60 million gas pipeline upgrade in the Hampton Roads region, was approved with modifications by the Virginia State Corporation Commission and accepted by the utility company. The utility said the plan will freeze customers’ distribution charges for five years at terms that have not increased since 1996. It’s the first performance-based rate plan approved in Virginia. “This $48-$60 million pipeline project will provide additional gas supply and serve as an economic development boost for the entire region,” said Hank Linginfelter, president of Virginia Natural Gas. “Moreover, the rate freeze provides our customers with better price stability and certainty for years to come. “We are thankful the plan was widely supported and that it was approved. We look forward to getting the pipeline built,” said Linginfelter.

Unitil Corp. of Hampton, NH, acquired a minority interest inNorth American Power Brokers Inc. for $3 million in cash, and haslicensed and will deploy North American Power’s Internet-basedtechnology for electricity and gas sales to retail consumers.

Unitil Corp. of Hampton, NH, acquired a minority interest inNorth American Power Brokers Inc. for $3 M in cash, and haslicensed and will deploy North American Power’s Internet-basedtechnology for electricity and gas energy sales to retailconsumers.