NHPUC approves $5.9M permanent rate increase for Unitil Energy, 9.2% ROE

UNITIL CORP

Permanent distribution rate increase of $5.9M effective June 1, 2022, reconciled back to June 2021 temporary rates.
Return on equity approved at 9.2%; capital structure set at 52% equity, 48% long-term debt.
Multi-year rate plan includes step adjustments for 2022 and 2023; no base rate case before January 2024.
New revenue decoupling mechanism (RDM) adopted with a 3% cap on distribution revenue adjustments.
Approved up to $2.362M for EV make-ready infrastructure and $5.28M for storm resiliency/vegetation programs.

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