FORM 35-CERT

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 first quarter of 2005.


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: April 28, 2005


EXHIBIT A

 

QUARTERLY REPORT BY

UNITIL CORPORATION AND ITS SUBSIDIARIES

OF SHORT-TERM BORROWINGS

AND MONEY POOL TRANSACTIONS

FOR THE FIRST QUARTER OF 2005

 

    

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     $ 7,167,857     $ 28,798,513  

Banks

   $ 29,480,000       None       None  

(b)

                        

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

     N/A       3.04 %     3.05 %

(c)

                        

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

                        

Bank of America (Fleet)

   $ 14,915,000       None       None  

Citizens Bank

   $ 11,000,000       None       None  

Sovereign Bank

   $ 5,000,000       None       None  

(d)

                        

Common Equity as a Percent of Total Capitalization

     40 %     42 %     35 %

 

* 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 FIRST QUARTER OF 2005

 

     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

   $ 202,079     None    $ 4,491,075     $ 1,377,489  

Banks

     None     None      None       None  

(b)

                             

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

     3.74 %   None      3.07 %     3.06 %

(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