Form U-1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Application of Unitil Corporation    )     
     )    CERTIFICATE PURSUANT TO
and its Subsidiaries on Form U-1    )    RULE 24 UNDER THE PUBLIC
     )    UTILITY HOLDING COMPANY ACT
(File No. 70-10120)    )    of 1935

 

Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, Unitil Corporation (“Unitil”), on behalf of itself and its subsidiaries, Unitil Energy Systems, Inc., Fitchburg Gas and Electric Light Company, Unitil Power Corp., Unitil Realty Corp., Unitil Resources Inc. and Unitil Service Corp., hereby files the attached quarterly report as required by the Securities and Exchange Commission’s order approving short-term borrowings by Unitil and its subsidiaries and approving the Unitil System money pool (HCAR. No. 35-27691; File No. 70-10120, June 30, 2003).

 

Exhibit
    
    Exhibit A -   Quarterly Report of Unitil Corporation and Its Subsidiaries by Short-term Borrowings and Money Pool Transactions for the fourth quarter of 2004.

 

 

SIGNATURE

 

Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this Certificate to be signed on its behalf by the undersigned thereunto duly authorized.

 

UNITIL CORPORATION
By:  

/s/ Mark H. Collin

    Mark H. Collin
    Senior Vice President
    Chief Financial Officer &
    Treasurer

 

Dated: January 26, 2005

 

 

EXHIBIT A

 

QUARTERLY REPORT BY

UNITIL CORPORATION AND ITS SUBSIDIARIES

OF SHORT-TERM BORROWINGS

AND MONEY POOL TRANSACTIONS

FOR THE FOURTH QUARTER OF 2004

 

     Unitil
Corporation
    

Unitil Energy
Systems

Inc.

    

Fitchburg

Gas & Electric
Light Company

  

                    (a)

                         

Maximum Principal Amount of Short-term Borrowings Outstanding During the Quarter:

                         

Money Pool

      N/A     $ 6,010,634     $ 27,613,688  

Banks

    $ 28,540,000       None       None  

                    (b)

                         

Average Interest Rate for the Money Pool Borrowings During the Quarter*

      N/A       2.53 %     2.51 %

                    (c)

                         

Maximum Amount Outstanding By Company for Each Source of Outside Borrowings During the Quarter:

                         

Bank of America (Fleet)

    $ 14,540,000       None       None  

Citizens Bank

    $ 9,000,000       None       None  

Sovereign Bank

    $ 5,000,000       None       None  

                    (d)

                         

Common Equity as a Percent of Total Capitalization

      40 %     42 %     34 %
* Excludes Bank Service and commitment fees

 

 

EXHIBIT A

 

QUARTERLY REPORT BY

UNITIL CORPORATION AND ITS SUBSIDIARIES

OF SHORT-TERM BORROWINGS

AND MONEY POOL TRANSACTIONS

FOR THE FOURTH QUARTER OF 2004

 

     UNITIL
Power
Corp.
     UNITIL
Realty
Corp.
    UNITIL
Service
Corp.
     UNITIL
Resources
Inc.
  

                    (a)

                              

Maximum Principal Amount of Short-term Borrowings Outstanding During the Quarter:

                              

Money Pool

    $ 43,271     None    $ 4,491,075     $ 1,388,645  

Banks

      None     None      None       None  

                    (b)

                              

Average Interest Rate for the Money Pool Borrowings During the Quarter*

      2.60 %   None      2.53 %     2.52 %

                    (c)

                              

Maximum Amount Outstanding By Company for Each Source of Outside Borrowings During the Quarter:

                              

Bank of America (Fleet)

      None     None      None       None  

Citizens Bank

      None     None      None       None  

Sovereign Bank

      None     None      None       None  

                    (d)

                              

Common Equity as a Percent of Total Capitalization

      N/A     N/A      N/A       N/A  
* Excludes Bank Service and Commitment Fees