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Schedule Set In Unitil Purchase of Bangor
As background, Unitil agreed to purchase Bangor for $70.9 million in 07/24, and if approved, expects the deal to be completed by the end of Q1 2025. Bangor’s ~8,500 customers would represent an increase of a bit less than 25% for Unitil, which would also acquire ~350 miles of pipeline.
Procedural Order (09/18/2024) – The order: (1) adopts a schedule through the 10/3/24 Oral Data Response date; (2) limits “the scope of the initial (September) technical conferences to non-GHG issues in the Company’s initial case”; and (3) presents “proposed modifications to the draft schedule for subsequent dates for parties’ review and comment at the initial technical conferences.”
MEPUC Order (09/18/2024) – The Maine PUC issued order denying OPA’s motion sever rate case issues Of note, MEPUC said that litigation of “The narrow issue related to the Sempra assets… [of] whether there should be some finding or statement made by this Order (09/13/2024 – Order extending the statutory deadline for investigation.
2024-00174 (Opened on 07/11/2024)
Joint Application Of Unitil And Bangor Natural Gas For Approval Bangor’s Merger Into Unitil.
