<SEC-DOCUMENT>0001193125-22-154072.txt : 20220518
<SEC-HEADER>0001193125-22-154072.hdr.sgml : 20220518
<ACCEPTANCE-DATETIME>20220518163037
ACCESSION NUMBER:		0001193125-22-154072
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20220512
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20220518
DATE AS OF CHANGE:		20220518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITIL CORP
		CENTRAL INDEX KEY:			0000755001
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				020381573
		STATE OF INCORPORATION:			NH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08858
		FILM NUMBER:		22939551

	BUSINESS ADDRESS:	
		STREET 1:		6 LIBERTY LANE WEST
		CITY:			HAMPTON
		STATE:			NH
		ZIP:			03842
		BUSINESS PHONE:		6037736504

	MAIL ADDRESS:	
		STREET 1:		6 LIBERTY LANE WEST
		CITY:			HAMPTON
		STATE:			NH
		ZIP:			03842
</SEC-HEADER>
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<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Title of each class</p></td>
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<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
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<td style="vertical-align:top;white-space:nowrap">99.1</td>
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<td style="vertical-align:top"><a href="d344598dex991.htm">New Hampshire Public Utilities Commission Order No.&#160;26,623, dated May&#160;3, 2022 </a></td></tr>
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<td style="vertical-align:top;white-space:nowrap">99.2</td>
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<td style="vertical-align:top"><a href="d344598dex992.htm">New Hampshire Public Utilities Commission Order No.&#160;26,625, dated May&#160;12, 2022 </a></td></tr>
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<td style="vertical-align:top;white-space:nowrap">99.3</td>
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<td style="vertical-align:top"><a href="d344598dex993.htm">Settlement Agreement dated February&#160;11, 2022 </a></td></tr>
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<td style="vertical-align:top;white-space:nowrap">104</td>
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<td style="vertical-align:top">Cover Page Interactive Data File (embedded within the Inline XBRL document)</td></tr>
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 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">SIGNATURES </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
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<td style="vertical-align:top" colspan="3">UNITIL CORPORATION</td></tr>
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<td style="vertical-align:top">By:</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Robert B. Hevert</p></td></tr>
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<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap">Robert B. Hevert</td></tr>
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<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap">Senior Vice President, Chief Financial Officer and Treasurer</td></tr>
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<td style="vertical-align:top">Date:</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap">May&#160;18, 2022</td></tr>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d344598dex991.htm
<DESCRIPTION>EX-99.1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STATE OF NEW HAMPSHIRE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PUBLIC UTILITIES COMMISSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DE <FONT STYLE="white-space:nowrap">21-030</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>UNITIL ENERGY SYSTEMS, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Request For Change in Rates </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Order Approving Settlement Agreement, In Part, and Approving Permanent Rates </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>O</U> <U>R</U> <U>D</U> <U>E</U> <U>R</U>&nbsp;&nbsp;&nbsp;&nbsp; <U>N</U>&nbsp;<U>O</U>. <U>26,623</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>May&nbsp;3, 2022 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
order approves a permanent distribution rate increase for Unitil Energy Systems of $6.33&nbsp;million, effective for service rendered on or after June&nbsp;1, 2022, to be reconciled back to June&nbsp;1, 2021, the effective date of temporary rates
approved in Order No.&nbsp;26,484. All Unitil customers, including those customers who take energy service from competitive suppliers, pay distribution rates. The change in distribution rates will coincide with other rate changes on June&nbsp;1,
2022, that factor into a customer&#146;s monthly bill. The increase in distribution rates will cause the total monthly bill of an average residential ratepayer to increase by approximately $2.70 or 1.6&nbsp;percent over the temporary rates approved
by Commission Order No.&nbsp;26,484 (May 27, 2021). These temporary rates, in turn, increased an average residential ratepayer&#146;s bill by approximately $2.30 per month; therefore, the rates approved by the Commission throughout this proceeding
will have increased such a ratepayer&#146;s bill by approximately $5.00, or 4.1&nbsp;percent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The approval of this rate increase is made
pursuant to the terms of a settlement agreement entered into by parties in this proceeding, and submitted to the Commission for its consideration. This order approves most, but not all, of the features of this settlement agreement, including a new
revenue decoupling mechanism that guarantees the Company&#146;s revenue within a range in exchange for eliminating loss-based revenue, with any differences beyond the range rolled over to the following year. </P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>I.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>CONTINUED PROCEDURAL HISTORY </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The procedural history for the earlier phases of this docket is described in Order No.&nbsp;26,484 (May 27, 2021), approving temporary rates
for Unitil Energy Systems, Inc. (Unitil, or the Company), pursuant to a settlement agreement. That Order approved a temporary increase of $4,451,667 in Unitil&#146;s annual electric distribution revenues, effective June&nbsp;1, 2021, to be
reconciled with the permanent rates ultimately approved in this proceeding. The Company also filed a Motion for Protective Order on April&nbsp;2, 2021, and further modified its motion on May&nbsp;5, 2021. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Following the Commission&#146;s issuance of Order No.&nbsp;26,484, the parties to this proceeding engaged in multiple rounds of discovery and
technical sessions to review Unitil&#146;s permanent rate proposals. On November&nbsp;23, 2021, the New Hampshire Department of Energy (DOE), the Office of the Consumer Advocate (OCA), Clean Energy New Hampshire (Clean Energy), Conservation Law
Foundation (CLF), and ChargePoint Inc. (ChargePoint) filed written testimony delineating their positions on the Company&#146;s filing. Certain parties engaged in settlement discussions regarding the matters under consideration in January and
February 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;11, 2022, the Company moved for leave to file a late-filed Settlement Agreement on Permanent Distribution
Rates (Settlement Agreement), entered into by Unitil, the DOE, the OCA, the New Hampshire Department of Environmental Services (NHDES), Clean Energy, and ChargePoint (collectively, &#147;Settling Parties&#148;). The Company filed further attachments
to the Settlement Agreement on February&nbsp;14, 2022. Following a series of motions and procedural orders, the Commission scheduled a hearing on the merits of the Settlement Agreement for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

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March&nbsp;3, 2022, by a procedural order dated February&nbsp;24, 2022. As part of the terms of the Settlement Agreement, on February&nbsp;28, 2022, the Company made its first Petition for Step
Adjustment filing, with rates to be effective on June&nbsp;1, 2022. Also, on February&nbsp;28, 2022, Unitil filed a Motion for Confidential Treatment and Protective Order for certain information submitted by the Company to the Commission during the
pendency of this proceeding, as discussed below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Commission held a final hearing in this matter as scheduled on March&nbsp;3, 2022.
<I>See </I>Transcripts of March&nbsp;3, 2022 Public Hearing (Tr.), Morning <FONT STYLE="white-space:nowrap">(Tr.-A.M.)</FONT> and Afternoon <FONT STYLE="white-space:nowrap">(Tr.-P.M.)</FONT> Sessions. Subsequently, on March&nbsp;4, 2022, the
Commission issued a procedural order making several record requests and granting leave for the parties to submit closing statements regarding the Settlement Agreement. The DOE, Clean Energy, the OCA, and the Company submitted closing statements on
March&nbsp;11, 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The petition and subsequent docket filings, other than any information for which confidential treatment is requested
of or granted by the Commission, are posted on the Commission&#146;s website at <U><FONT STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030.html</FONT></U> </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>UNITIL MOTIONS FOR PROTECTIVE ORDER RELATED TO INITIAL PETITION AND DISCOVERY RESPONSES
</B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unitil filed a Motion for Protective Order, pursuant to the terms of RSA
<FONT STYLE="white-space:nowrap">91-A,</FONT> on April&nbsp;2, 2021. It subsequently modified its motion in a May&nbsp;5, 2021, filing. On February&nbsp;28, 2022, the Company filed a second Motion for Protective Order. In its motions, Unitil sought
protection of various categories of what it termed to be confidential, commercial, or financial information, for which the Company claimed disclosure would be likely to cause competitive harm to the Company or its business counterparties or vendors.
Unitil also sought protection for certain personnel information, including compensation details, for which it asserted that disclosure would be likely to cause competitive harm to Unitil. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 3 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company also sought protection for certain individual customer data, pursuant to the
terms of RSA 363:37, RSA 363:38, and RSA <FONT STYLE="white-space:nowrap">91-A.</FONT> These materials for which the Company sought confidential treatment and protection by the Commission under its statutory responsibilities were submitted by Unitil
within its original petition, its discovery responses to various parties during the course of this proceeding, and in its Settlement Agreement-related accounting schedules. Interested parties may review the details of Unitil&#146;s motions and
related filings, including the specific categories of information for which protective treatment was sought, on the Commission&#146;s website.<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>III.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>TERMS OF THE SETTLEMENT AGREEMENT </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Settlement Agreement, as presented to the Commission for its consideration together with various attachments, incorporates the following
rate-making elements: Distribution Rate Changes, Including Step Increases (Section 2); Cost of Capital and Capital Structure (Section 3); Revenue Decoupling Mechanism (Section 4); specific provisions for Step Adjustments (Section 5); Tariff Changes
and Rate Design, including Time of Use (TOU) Rates (Section 6); Electric Vehicle Program Infrastructure Proposal and Marketing, Communications, and Education Plan (Section&nbsp;7); </P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Company&#146;s April&nbsp;2, 2021 Motion For Protective Order and Confidential Treatment:<BR> <U><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030/INITIAL%20FILING%20-%20PETITION/21-030_2021-04-02_UES_MOTION
</FONT></FONT></FONT></FONT></FONT><BR>_PROTECTIVE_ORDER.PDF<BR> </U>Company&#146;s May&nbsp;5, 2021 Filing of Modification:<BR> <U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030/LETTERS-MEMOS-TARIFFS/21-030_2021-05-05_UES_CVR_LTR_WITHDRAWS</FONT></FONT></FONT></FONT><BR>_MOTION_CONF_TREATMENT_SCH_REV_ATT_SUPP_FILING_ REQ.PDF</U><BR>
Company&#146;s February&nbsp;28, 2022 Motion For Protective Order and Confidential Treatment:<BR>
<U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030/MOTIONS-OBJECTIONS/21-030_2022-02-28_UES_MOTION</FONT></FONT>
</FONT></FONT><BR>-CONFIDENTIAL-TREATMENT.PDF</U> </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 4 - </P>

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Storm Resiliency Program and Vegetation Management Plan (Section 8); Arrearage Management Program (Section 9); Recoupment and Rate Case Expense (Section 10); Miscellaneous Provisions (Section
11). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Settlement Agreement proposes, under Section&nbsp;2, that effective April&nbsp;1, 2022, on a service-rendered basis, an increase
of $6,326,330 in Unitil&#146;s distribution revenues to recover the Company&#146;s distribution revenue deficiency agreed to by the Settling Parties. This would reflect a net increase of $1,874,663 from temporary rates in effect since June&nbsp;1,
2021, which reflected an increase of $4,451,667 as authorized by the Commission in Order No.&nbsp;26,484. This proposed rate increase would represent an increase of 2.3&nbsp;percent of the Company&#146;s total revenues or 10.9&nbsp;percent of
distribution revenues. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2 of the Settlement Agreement further proposes that following the initial rate change, the Company
would file for two additional annual Step Adjustments to rates on June&nbsp;1, 2022, and June&nbsp;1, 2023, also effective on a service-rendered basis. The Settlement Agreement specifies that the first step increase filing, which would contain
actual investments completed and placed in service in 2021, would be for a revenue requirement amount not exceeding $1,377,331. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Settling Parties, including the Company, also agree that the second step increase filing &#147;will be based on a 2022 <FONT STYLE="white-space:nowrap">non-growth</FONT> investment level no more than $26,738,022.&#148; Settlement Agreement at 3. As
part of Section&nbsp;2, the Company also commits to not file a distribution rate case before January&nbsp;1, 2024. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 5 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3 of the Settlement Agreement outlines a proposed capital structure and cost of
capital position for the Company as set forth in the table below, which incorporates a proposed 9.2&nbsp;percent return on equity: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Component<BR>Percentage</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Cost</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Weighted<BR>Cost</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Tax<br>Factor</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="white-space:nowrap">Pre-Tax</FONT><BR>Cost</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">52.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9.20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>4.78</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.371422</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6.56</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-Term Debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">48.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5.49</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>2.64</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.64</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><B>7.42</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9.20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The table above may be further explained as follows. The Weighted Cost of Capital is derived by the Company,
as for all regulated utilities, by multiplying the cost of capital by the Component Percentage of each capital element. Here, for Common Equity, a Component Percentage of 52.0% = 0.52 multiplied by 9.20%, which produces a Weighted Cost of 4.78%.
Likewise, for long-term debt, the Component Percentage of 48.0% = 0.48 multiplied by 5.49% produces a Weighted Cost of 2.64%. When summed together, this produces a Total Weighted Cost of Capital for the Company of 7.42%. This percentage figure is
multiplied with the Company&#146;s total rate base of $223,632,999, as proposed by the Settlement Agreement, for an &#147;Income Required&#148; line item of $16,593,569. <I>See </I>Settlement Agreement Attachment 1, available here: <U><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030/LETTERS-MEMOS-TARIFFS/21-030_2022-02-14_UES_ATT-SETTLEMENT
</FONT></FONT></FONT></FONT></FONT><BR>-AGREEMENT.PDF</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This, in turn, is compared with the Company&#146;s Adjusted Net Operating
Income for the Test Year (2020), in this case, $11,980,599. Here, when the Adjusted Net Operating Income is subtracted from the Income Required, a Deficiency of $4,612,970 is produced. The impact of income taxes is calculated by the Company in its
supporting accounting schedules to the Settlement Agreement, and in this instance, it has been presented as the &#147;Tax Factor&#148; multiplier of 1.371422 presented in the table above. When the Deficiency of $4,612,970 is multiplied by the Tax
Factor of 1.371422, it produces the proposed Revenue Deficiency of $6,326,330. Multiplying the Weighted </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 6 - </P>

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Cost of Equity Capital by the Tax Factor, and carrying forward the Weighted Cost of Long-Term Debt unchanged (because of the differing income tax treatment of debt) produces the <FONT
STYLE="white-space:nowrap">Pre-Tax</FONT> Cost of Capital figures in the right-hand column, which, when summed together, produces the &#147;headline&#148; rate of return proposed for the Settlement Agreement of 9.2&nbsp;percent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4 of the Settlement Agreement outlines a new Revenue Decoupling Mechanism (RDM), substantially as proposed in the initial <FONT
STYLE="white-space:nowrap">pre-filed</FONT> testimony of Unitil witness Timothy Lyons, subject to the adjustments specified in the Settlement Agreement. The Settling Parties agree that the RDM would be implemented at the proposed effective date of
the new permanent rates (proposed as April&nbsp;1, 2022). At that time, the Company would cease accruing Lost Base Revenue due to energy efficiency and displaced revenue for net metering and would transition to decoupling as described in the
April&nbsp;2, 2021, Testimony of Christopher Goulding and Daniel Nawazelski at Bates pages 128&#150;30 and explained in the response to Staff <FONT STYLE="white-space:nowrap">1-9</FONT> provided as Settlement Attachment 6. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Settling Parties outline the technical details of how the RDM is to operate on pages 5&#150;6 of the Settlement Agreement. One element,
presented in Subsection 4.3 of the Settlement Agreement, is a &#147;cap&#148; on the revenue decoupling adjustment (RDA) mechanism. The Settlement Agreement proposes that Unitil is to implement an RDA cap of 3.0&nbsp;percent of distribution revenues
for each rate group<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> over the relevant measurement periods for over- and under-recoveries. The deferral and carrying interest treatment for the RDA figures outside of the &#147;cap&#148; are
further specified in Subsection 4.3. Settlement Agreement at 6. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The rate groupings to be established by the Company for the RDM structure are discussed in Subsection 4.2.2 of
the Settlement Agreement. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 7 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 4.5 of the Settlement Agreement also outlines a special feature of the RDM in
connection with the RiverWoods retirement community in Exeter. RiverWoods is implementing, consistent with a waiver granted by the Commission in Docket No. DE <FONT STYLE="white-space:nowrap">19-114,</FONT> master metering at its facility and the
conversion is expected to replace approximately 200 residential meters with 3 or 4 Rate G2 meters. The Settling Parties indicate that this would have an effect on the implementation of the Company&#146;s RDM proposal. In light of this, the Settling
Parties stipulate that Unitil would adjust its actual customer counts to account for the change in RiverWoods&#146; metering structure as part of its RDM calculation as follows: Unitil shall add back the number of residential customers lost and
remove the number of G2 customers added as the conversions occur. Settlement Agreement at 7. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Section&nbsp;5 of the Settlement
Agreement, the Settling Parties present the technical features of how the Step Adjustments would be calculated and incorporate 2021 and 2022 investments in physical plant. Settlement Agreement at 7&#150;10. Both investment years would be calculated
as being concurrent with each calendar year (January 1, 2021&#150;December 31, 2021; January&nbsp;1, 2022&#150;December&nbsp;31, 2022). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Section&nbsp;6, the Settling Parties agree that the Company shall limit the revenue deficiency allocated to Unitil&#146;s residential rate
class, Rate Schedule D, to 125&nbsp;percent of Unitil&#146;s overall average revenue increase, or an increase of 13.62&nbsp;percent from test year distribution revenues. The remainder of the revenue deficiency is proposed to be allocated to the
Company&#146;s general service commercial and industrial rate classes, Rate Schedule G, based on an equal percentage increase of 8.21&nbsp;percent from test year distribution revenues. A schedule showing the allocation of the revenue deficiency and
resulting permanent rates is provided in Settlement Attachment 7. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 8 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 6.2 of the Settlement Agreement states that the customer charges for all Rate
Schedules shall remain at the current levels until the Company&#146;s next base distribution rate case. The revenue increase for each class shall be recovered from distribution, demand, and energy charges, as applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 6.3 of the Settlement Agreement specifies that for the step increases described in Section&nbsp;5 of the Settlement Agreement, the
revenue requirement increase shall be applied proportionately to all customer classes except outdoor lighting based on distribution revenue, using current distribution rates and test year billing determinants established in this proceeding. The
increase would be collected proportionately through distribution demand, or energy charges, as applicable for all rate classes, except for outdoor lighting classes. The demand and energy distribution rates for the Residential Whole House TOU and
Residential and General Service EV rate classes, discussed below, shall be adjusted by the same percentage as the corresponding rate class, and the rate calculation methodology, the Settlement Agreement specifies, must be maintained as approved.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 6.4 of the Settlement Agreement states that the Company is to employ the &#147;Basic Customer&#148; classification method in
its next base distribution rate case to apportion distribution costs as part of its <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-service</FONT></FONT> study. The Settling Parties also agree that the Company is not
precluded from also presenting the &#147;Minimum System Method&#148; or any other classification methodology in its next distribution rate case, nor is the Company precluded from advocating for a classification methodology different from the
&#147;Basic Customer&#148; classification methodology in its next base distribution rate case. Settlement Agreement at 11. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 9 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 6.5 of the Settlement Agreement presents a proposal for Electric Vehicle (EV) TOU
Rates. This new proposed rate feature outlines three new categories of TOU rates for EV charging: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(1)&nbsp;TOU-EV-D</FONT></FONT> (Domestic TOU for EV charging); (2) <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">TOU-EV-G2</FONT></FONT> (small general service EV TOU charging, for less than 200 kVA applications); (3)
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">TOU-EV-G1</FONT></FONT> (large general service EV TOU charging, for greater than 200 kVA applications). The Settlement Agreement cross-references the Commission&#146;s review
proceeding in Docket No. DE <FONT STYLE="white-space:nowrap">20-170,</FONT> and specifies that the Company&#146;s EV TOU Rate proposals &#147;shall be implemented consistent with the Commission&#146;s final order in the DE <FONT
STYLE="white-space:nowrap">20-170</FONT> proceeding.&#148; Settlement Agreement at 12.<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Likewise, Subsection 6.6 of the Settlement Agreement indicates that a new Residential Whole House TOU rate would be implemented by the Company
subject to the parameters of Company&#146;s EV TOU Rate, as approved by the Commission. Specifically, the Settling Parties agree that &#147;&#133;the Residential Whole House TOU rates shall be the same as the Domestic TOU rate for EV charging, as
updated from time to time, except that the customer charge for the Whole House TOU rate shall be the same as the customer charge for regular residential service&#133; [t]he Settling Parties also agree that the Residential Whole House TOU rates shall
take effect at the same time as the residential EV TOU rates, pending in [Docket No.] DE <FONT STYLE="white-space:nowrap">20-170.</FONT> However, if no rate is yet approved in DE <FONT STYLE="white-space:nowrap">20-170,</FONT> then these residential
Whole House TOU rates shall be implemented no later than August&nbsp;1, 2022.&#148; Settlement Agreement at 12. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 6.7 of the
Settlement Agreement outlines certain proposed technical provisions relating to the Company&#146;s Outdoor Lighting rate tariffs. Specifically, the Company would file a new or revised LED Outdoor Lighting Service tariff, which would &#147;align more
closely&#148; with the Liberty Utilities <FONT STYLE="white-space:nowrap">LED-2</FONT> tariff and Eversource Energy&#146;s EOL tariff rates &#147;&#133;to allow options for municipalities to install advanced lighting </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Commission issued an order in Docket DE <FONT STYLE="white-space:nowrap">20-170,</FONT> Order
No.&nbsp;26,604 (April 7, 2022) approving TOU rates pursuant to a settlement presented in that docket. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 10 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
controls and to allow municipalities to own and maintain lighting fixtures.&#148; Settlement Agreement at 13. The Settling Parties also agree that the Company would break out LED and <FONT
STYLE="white-space:nowrap">non-LED</FONT> information in the tariffs, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-service</FONT></FONT> studies, and revenue requirement schedules submitted as part of the Company&#146;s
next base distribution rate case if the test-year <FONT STYLE="white-space:nowrap">non-LED</FONT> lights constitute more than 20&nbsp;percent of all lighting fixtures deployed on the Company&#146;s system. Also, the Settling Parties agree that
Unitil would remove the unreimbursed, undepreciated value of the <FONT STYLE="white-space:nowrap">non-LED</FONT> lights related to the City of Concord street lighting conversion from the second step adjustment proposal, to be effective on
June&nbsp;1, 2023. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7 of the Settlement Agreement presents a new &#147;Electric Vehicle Program Infrastructure Proposal and
Marketing, Communications, and Education Plan.&#148; Under Subsection 7.1, the Settling Parties agree that &#147;[t]he Company may offer rebates of up to $600 for the procurement and installation of smart, managed Level&nbsp;2 chargers to 250
residential EV TOU customers in the manner described in Exhibit <FONT STYLE="white-space:nowrap">CSV-1</FONT> to the Company&#146;s Initial Filing. The EV program is not part of the Company&#146;s energy efficiency program. The Company shall recover
actual rebate costs through the Company&#146;s External Delivery Charge, Schedule EDC.&#148; Settlement Agreement at 13&#150;14. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Settling Parties further agree that the Company shall perform an alternative metering feasibility assessment in connection with its residential EV TOU rate and infrastructure offering. Unitil would file a report with the results of its proposed
alternative metering feasibility assessment pilot once at least 50 customers have enrolled and at least 6 months of usage data has been collected from those 50 customers. The Settling Parties further agree to review data and analysis from
Unitil&#146;s alternative metering feasibility assessments pilot once completed, and then would hold a technical session to consider pilot expansion or full program offerings. The Company would also notify the Commission and the Settling Parties
when 50 customers have been enrolled. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 11 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 7.2 of the Settlement Agreement specifies that Unitil is to implement &#147;a
public &#145;make ready&#146; electric vehicle infrastructure program.&#148; Settlement Agreement at 14. It is specified that the Company would provide make-ready infrastructure to support up to four third-party owned and operated Direct Current
Fast Charging (DCFC) stations in the Unitil service territory with approximately six DCFC plugs/ports at each respective station site. Unitil would recover the cost of DCFC make-ready investments via a regulatory asset in a future rate case, with
balance accruing carrying charges at the monthly Prime Rate, with no revenue offset to the balances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Also, the Settlement Agreement
states that Unitil is to provide make-ready infrastructure to support up to twenty (20)&nbsp;third-party owned and operated Level&nbsp;2 public charging sites in its service territory with approximately ten third-party owned and operated
Level&nbsp;2 plugs/ports at each respective site. Unitil, under the terms of this proposal, would also be able to provide make-ready infrastructure to support third-party owned and operated Level&nbsp;2 pole-mounted EV chargers, with a <FONT
STYLE="white-space:nowrap">non-binding</FONT> construction target of up to 20 chargers. These pole-mounted chargers would be in addition to the 20 Level&nbsp;2 public charging sites discussed previously. The Settlement Agreement specifies that the
Company would recover the costs of Level&nbsp;2 make-ready investments via a regulatory asset in a future rate case, with balances accruing carrying charges at the monthly Prime Rate, with no revenue offset to the balances. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 12 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subsection 7.2.3 of the Settlement Agreement further specifies that &#147;[t]he Company may
spend up to $2,362,000 to provide the make-ready infrastructure described above, with spending limits for each category of infrastructure as follows: $572,000 for DCFC stations; $1,540,000 for Level&nbsp;2 public charging sites; and $250,000 for
pole-mounted Level&nbsp;2 charging sites.&#148; Settlement Agreement at 15. Furthermore, Subsection 7.3 of the Settlement Agreement stipulates that the Company &#147;&#133;may spend up to $300,000 to implement the proposed EV and TOU Marketing,
Communications, and Education Plan over five years, as set forth in Exhibit <FONT STYLE="white-space:nowrap">CSV-1</FONT> to the Company&#146;s Initial Filing. The Company shall recover these costs through the Company&#146;s External Delivery
Charge, Schedule EDC.&#148; Settlement Agreement at 15. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8 of the Settlement Agreement outlines a &#147;Storm Resiliency
Program and Vegetation Management Program&#148; feature. The Settling Parties, in Subsection 8.1, stipulate that the total amount of funding in base rates for the Vegetation Management Program (VMP), Reliability Enhancement Program (REP), and the
Storm Resiliency Program (SRP) would be approximately $5.28&nbsp;million, until changed in a future base distribution rate case. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Settling Parties also propose that Unitil will continue the SRP until the Company&#146;s next distribution rate case filing, at which time the SRP would be reviewed for consideration. Settlement Agreement at 15. The amount of funding in the base
rates allocated to the SRP beginning in 2023 is proposed to be reduced by $384,690 to a funding level of $1,081,000, until changed in a future base distribution rate case. The reduction in funding would be effective on January&nbsp;1, 2023, and
included in the EDC reconciliation process. <I>Id</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Also, under Subsection 8.1.2 of the Settlement Agreement, the Settling Parties
stipulated that within &#147;&#133;six months of the Commission&#146;s approval of this Settlement Agreement Unitil, [the DOE], and the OCA shall confer to develop metrics to measure </P>
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the annual benefits of the SRP and a form of report to convey the results of the metrics on an annual basis. The annual report shall be filed with [the DOE], OCA, and the Commission and may be
used to evaluate the continuation of the SRP in the Company&#146;s next distribution rate case.&#148; Settlement Agreement at 16. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Settling Parties propose a new &#147;Arrearage Management Program&#148; in Section&nbsp;9 of the Settlement Agreement. As initially proposed by the Company in its testimony (of Ms.&nbsp;Carole&nbsp;A. Beaulieu), the Arrearage Management Program is
to be open to all customers coded as &#147;financial hardship&#148; consistent with the Commission&#146;s Puc Chapter 1200 Rules. Those financial hardship customers shall be deemed eligible for the program if they have past due balances of $150 or
greater, 60 days or more past due. Further details of the program are presented in Subsections 9.2, 9.3, and 9.4 of the Settlement Agreement. The Settling Parties noted their expectation that the Arrearage Management Program would incur
approximately $440,000 in &#147;annual revenue attributable to the implementation&#148; of the program, that is, incremental program costs. Settlement Agreement at 17. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Recoupment and rate case expense matters are outlined in Section&nbsp;10 of the Settlement Agreement. Settlement Agreement at 17. Subsection
10.1 defines &#147;Recoupment&#148; as the difference between distribution revenue at temporary rates and permanent rates, to be recovered over one year within Schedule EDC through the External Delivery Charge, a uniform rate per kWh, in the
Company&#146;s next scheduled EDC rate change effective August&nbsp;1, 2022. For rate case expenses, the Settling Parties stipulate in Subsection 10.2 that &#147;the Company may recover the just and reasonable rate case expenses incurred by the
Company in the preparation and presentation of its filing, and the regulatory proceeding expenses incurred by the Commission, [DOE], and the OCA and charged to the Company in this docket.&#148; Also, &#147;[o]n or before May&nbsp;1, 2022, Unitil
shall file with the Commission for its review and approval the final actual amount of rate case expenses.&#148; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;11 of the Settlement Agreement outlines Miscellaneous provisions regarding:
(i)&nbsp;Working Capital, External Delivery Charge (Subsection&nbsp;11.1); (ii) COVID-Related Waived Late Payment Fees (Subsection&nbsp;11.2); (iii) Bad Debt (Subsection 11.3); (iv) Matter Communications (Formerly Calypso) Invoices, totaling $91,450
(Subsection&nbsp;11.4); (v) Wheeling Revenue; (vi)&nbsp;Property Taxes (Subsection 11.6); (vii) Concord Downtown Conversion Project Load Reporting (Subsection 11.7); (viii) Regulatory Assessment (Subsection 11.8); (ix) Excess Accumulated Deferred
Income Taxes (Subsection 11.9); (x) Excess Accumulated Deferred Income Tax from 2018-2020 in the amount of $2,644,590, to be returned to customers starting on August&nbsp;1, 2022 (Subsection 11.10); (xi) Depreciation (Subsection&nbsp;11.11); (xii)
Active Hardship Protected Accounts (Subsection&nbsp;11.12). Settlement Agreement at 18&#150;21. <B></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Settlement Agreement presents
the resulting class revenue requirement targets and final distribution rates (for implementation on April&nbsp;1, 2022), in Settlement Attachment 9. Bill impacts from the distribution rates, as proposed within the Settlement Agreement, are
summarized in Settlement Attachment 10. Bill impacts for various usage levels are provided in Settlement Attachment 11. Proposed Tariff pages for Unitil, modified to reflect the terms of the Settlement Agreement, are provided in Settlement
Attachment 12. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>IV.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>POSITIONS OF THE PARTIES REGARDING THE SETTLEMENT AGREEMENT </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>A. Unitil </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition to
Unitil being a signatory to the Settlement Agreement, the Company, through its employees&#146; oral testimony at the March&nbsp;3, 2022 hearing, its March&nbsp;11, 2022 written Closing Statement, and its responses to the Commission&#146;s Record
Requests issued at hearing, provided additional explanations, elaborations, and support for the Settlement Agreement pertaining to the Company&#146;s rates. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Of particular interest were three matters discussed by the Company at hearing: (1)&nbsp;the
exact nature of the proposed Unitil capital structure presented as part of the Settlement Agreement; (2)&nbsp;the significance of the RDM (decoupling) proposal to the Company&#146;s business strategy; and (3)&nbsp;the long-term trends related to the
Company&#146;s capital investments. Further explanation regarding the Company&#146;s rationale for the &#147;Arrearage Management Program&#148; was also provided. <FONT STYLE="white-space:nowrap">Tr.-P.M.</FONT> at 58&#150;61. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At hearing, the Company&#146;s witnesses (Messrs. Todd Diggins, the Company&#146;s Treasurer, and Robert Hevert, the Company&#146;s Chief
Financial Officer) provided clarification of how short-term debt was excluded from the calculation of debt for the Unitil-proposed <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio proposed as part
of the Settlement Agreement. <FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 102&#150;07. Mr.&nbsp;Diggins explained that the Company&#146;s practice is to exclude short-term debt in its <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">debt-to-equity</FONT></FONT> ratio calculations in ratemaking, in keeping with some similarly situated peer utilities, because of the management philosophy that, as short-term debt is not used to finance the long-lived
Company investments in its rate base, its exclusion is an appropriate practice. <FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 103. Mr.&nbsp;Hevert concurred with Mr.&nbsp;Diggins&#146;s explanations, and reiterated that the Company&#146;s
management philosophy was to use long-term debt or equity to finance rate base investments. <FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 105&#150;07. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Tim Lyons, and other witnesses, for Unitil provided additional explanation of the Company&#146;s view that the RDM mechanism
represented a reasonable approach to the sharing of risk between the Company&#146;s customers and investors in a variety of business conditions; that the RDM mechanism, at its essentials, represented a revenue-smoothing (or stabilizing) mechanism;
and that investors in the current utility </P>
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investment sphere looked to decoupling as a &#147;best practices&#148; approach to the management of risk and the provision of steady revenue outcomes.
<FONT STYLE="white-space:nowrap">Tr.-P.M.</FONT> at 15&#150;25. The Company&#146;s witnesses, including Mr.&nbsp;Hevert, also indicated that approval of the RDM would enhance the Company&#146;s ability to attract equity investors and issue debt at
favorable rates because of these attributes. <I>Id</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company&#146;s witnesses engaged in extensive interrogatories with the
Commission regarding its long-term capital investment trends, for both what it classifies as &#147;growth,&#148; and <FONT STYLE="white-space:nowrap">&#147;non-growth&#148;</FONT> investments into its rate base.
<FONT STYLE="white-space:nowrap">Tr.-P.M.</FONT> at 4&#150;7; <I>passim. </I>More detailed information was provided to the Commission regarding this issue in its written record request responses. <I>See, e.g.</I>,<I> </I>Attachment 1, Unitil
Response to Commission Record Request RR <FONT STYLE="white-space:nowrap">1-005</FONT> and RR <FONT STYLE="white-space:nowrap">1-006.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unitil, at hearing and in its closing statement, stated that in its view, approval of the rates and ratemaking features proposed as part of
the Settlement Agreement would be just and reasonable and in the public interest. <I>See </I>Company Closing Statement, March&nbsp;11, 2022. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>B. DOE </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The DOE, as a
signatory to the Settlement Agreement, reiterated its support for the Commission&#146;s approval of same through the oral testimony of its personnel at hearing and its March&nbsp;11, 2022, Closing Statement. The DOE&#146;s response to the
Commission&#146;s Record Request RR <FONT STYLE="white-space:nowrap">1-009,</FONT> relating to the Company&#146;s capital structure proposed as part of the Settlement Agreement, was congruent to that of Unitil on this question. DOE witness
Dr.&nbsp;Randall Woolridge, in his written response to Record Request RR <FONT STYLE="white-space:nowrap">1-009,</FONT> stated: &#147;&#133;in the context of the entire settlement, including specifying an ROE of 9.2% and providing for a revenue
increase of $6.3 [million], it is reasonable to specify a rate making capital structure that excludes short[-]term debt </P>
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in this case, because it results in rates that, in [DOE&#146;s] opinion, are just and reasonable&#133;the ROE presented in this case of 9.2% is not impacted by the exclusion of [short-term debt]
in the rate making capital structure specified in the settlement.&#148;<SUP STYLE="font-size:85%; vertical-align:top">4</SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The DOE
also stated, at hearing, and in its written closing statement, that in its view, the Commission&#146;s approval of the proposal presented in the Settlement Agreement would be just and reasonable and in the public interest. <I>See</I> <FONT
STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 60&#150;61; Department of Energy Closing Statement, March&nbsp;11, 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The DOE, in its
oral testimonial presentation at the March&nbsp;3, 2022 hearing, led by Ms.&nbsp;Elizabeth Nixon of the DOE Regulatory Support Division, and Ms.&nbsp;Donna&nbsp;H. Mullinax, consultant to the DOE, were part of the Settling Parties&#146; witness
panel. Other DOE witnesses were not available due to purported scheduling conflicts. <I>See </I><FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 15&#150;16. The DOE did make its other witnesses available for Commission interrogatories by means of
responses to Commission written record requests. <I>Id</I>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>C. OCA </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Office of the Consumer Advocate was represented by Donald M. Kreis, Esq., the Consumer Advocate himself, but no OCA witnesses were made
available at the March&nbsp;3, 2022, hearing. <I>See </I><FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 115&#150;16. Nonetheless, the OCA indicated its strong support for the Settlement Agreement at the hearing, which was echoed by the written
statement filed by the OCA on March&nbsp;11, 2022. This written statement focused on the OCA&#146;s support for the RDM decoupling mechanism, the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-service</FONT></FONT> study
methodology, the cost of capital, and other features of the Settlement Agreement. <I>See </I>OCA Closing Statement, March&nbsp;11, 2022. </P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">4</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">This Record Request response may be found here:<BR> <U><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030/LETTERS-MEMOS-TARIFFS/21-030_2022-03-11_NHDOE_RECORD-REQUEST</FONT></FONT></FONT></FONT><BR>-RESPONSE.PDF
</U> </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>D. Clean Energy </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Clean Energy, in its March&nbsp;11, 2022, closing statement, outlined its support for the Settlement Agreement&#146;s approach to EV issues, in
particular, the make-ready and charging equipment proposals, and revenue decoupling. Clean Energy Closing Statement, March&nbsp;11, 2022. Clean Energy&#146;s representative, Mr.&nbsp;Chris Skoglund, appeared virtually at the March&nbsp;11, 2022,
public hearing, but did not speak.<B> </B> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>E. ChargePoint </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Matthew Deal of ChargePoint appeared to provide testimony in support of the Settlement Agreement&#146;s
<FONT STYLE="white-space:nowrap">EV-related</FONT> proposals at the March&nbsp;3, 2022, public hearing, <I>See </I><FONT STYLE="white-space:nowrap">Tr.-P.M.</FONT> at 38, but did not speak. ChargePoint filed a written closing statement supporting
the Settlement Agreement&#146;s <FONT STYLE="white-space:nowrap">EV-related</FONT> proposals on March&nbsp;11, 2022. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>F. Other Parties
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The NHDES, though a signatory to the Settlement Agreement, did not send a representative to the March&nbsp;3, 2022 public hearing, nor
did it file a written closing statement in support of the Settlement Agreement. <FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 8. CLF did not sign the Settlement Agreement, nor did it have a representative attend the March&nbsp;3, 2022, public
hearing, <FONT STYLE="white-space:nowrap">Tr.-A.M.</FONT> at 7, but CLF sent a letter generally supporting the Settling Parties&#146; approach to the EV issues on February&nbsp;14, 2022. Approved intervenor The Way Home did not sign the Settlement
Agreement, nor did it participate in the March 3, 2022, public hearing. ReVision Energy, though not an intervenor in this proceeding, filed a public comment letter in support of the Settlement Agreement&#146;s
<FONT STYLE="white-space:nowrap">EV-related</FONT> proposals on March&nbsp;10, 2022.<B> </B> </P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>COMMISSION ANALYSIS </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>A. General Standards of Review </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Commission is authorized to fix rates after a hearing, upon determining that rates, fares, and charges are just and reasonable. RSA 378:7.
In circumstances where a utility seeks to increase rates, the utility bears the burden of proving the necessity of the increase pursuant to RSA 378:8. In determining whether rates are just and reasonable, the Commission must balance the
customers&#146; interest in paying no higher rates than are required against the investors&#146; interest in obtaining a reasonable return on their investment. <I>Eastman Sewer Co., Inc</I>., 138 N.H. 221, 225 (1994). In this way, the Commission
serves as arbiter between the interests of customers and those of regulated utilities. <I>See </I>RSA <FONT STYLE="white-space:nowrap">363:17-a;</FONT> <I>see also</I> <I>Pub. Serv. Co. of N.H. d/b/a Eversource </I><I>Energy</I>, Order
No.&nbsp;26,433 at 18 (December 15, 2020); <I>EnergyNorth Natural Gas, Inc. </I><I>d/b/a National Grid N.H.</I>, Order No.&nbsp;25,202 at 17 (March 10, 2011). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Informal disposition is encouraged and may be made of any case at any time prior to the entry of a final decision or order. RSA <FONT
STYLE="white-space:nowrap">541-A:31,</FONT> <BR>V(a),&nbsp;:38. New Hampshire Code of Administrative Rules Puc 203.20(b) requires the Commission to determine, prior to approving a settlement, that the settlement results are just and reasonable and
serve the public interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Commission encourages parties to attempt to reach a settlement of issues through negotiation and
compromise, as it is an opportunity for creative problem solving, allows the parties to reach a result more in line with their expectations, and is often a more expedient alternative to litigation. <I>Pub. Serv. Co. of N.H. d/b/a Eversource
Energy</I>, Order No.&nbsp;26,433 at 18 (December 15, 2020); <I>EnergyNorth Natural Gas, Inc. d/b/a National Grid N.H.</I>, Order No.&nbsp;25,202 at 18 (March 10, 2011). Even when all parties join a settlement agreement, the Commission cannot
approve it without </P>
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independently determining that the result comports with applicable standards. <I>Id</I>. As the Settlement Agreement pertains to a rate case, the underlying standard the Commission applies is
whether the resulting rates are just and reasonable. RSA 378:7. In addition, RSA 378:28 is an applicable standard in setting permanent rates, as are other statutory standards governing the Commission&#146;s decision-making process. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Though we were disappointed with the limited availability of witnesses from the DOE and OCA&#151;we expect parties that provided testimony to
make all witnesses available in future proceedings&#151;we do appreciate the thorough Record Request responses we received, and the thoughtful, informative testimony provided by Unitil&#146;s representatives at hearing. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>B. Distribution Rate Increase </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Settlement Agreement calls for an overall base distribution rate revenue increase of $6.33&nbsp;million. The revenue increase of
$6.33&nbsp;million will result in an approximately 1.6&nbsp;percent increase in monthly bills over current approved temporary rates or an increase of $2.70 per month for a typical residential customer taking electric supply from Unitil and using 600
kilowatt hours per month.<SUP STYLE="font-size:85%; vertical-align:top">5</SUP> This increase provides for a return on equity of 9.2&nbsp;percent, and a notional (or headline) capital structure of 52.0&nbsp;percent equity and 48.0&nbsp;percent debt,
(as explained in further detail in Part IV. A. and B., above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We compare these amounts to the revenue increase sought by Unitil in its
initial filing (a revenue increase of approximately $11.99&nbsp;million in base distribution rates). From that comparison, we understand that the amount of the revenue increase in the Settlement Agreement represents a negotiated amount that the
Settling Parties </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">5</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">These figures will likely be adjusted slightly to reflect the Commission-specified effective date for rates of
June&nbsp;1, 2022, compared with the Settlement Agreement&#146;s proposed effective date of April&nbsp;1, 2022 for the base distribution rate increase. </P></TD></TR></TABLE>
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agree will provide the Company the revenues necessary to provide safe and reliable service. We find the compromise by the diverse parties, including the Department of Energy and the Office of the
Consumer Advocate, to be an indication that the base distribution rate increase sought by the Settlement Agreement is reasonable. <I>See </I><I>Liberty Utility. (Granite State Elec.) Corp. d/b/a Liberty Utils.</I>, Order No.&nbsp;25,638 at
15&#150;16 (March 17, 2014). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We do note, based upon the Company&#146;s testimony at the March&nbsp;3 hearing, the schedules provided with
the Settlement Agreement, and the responses to our Record Requests, that there is a degree of notionality to the debt/equity headline figures presented by the Settling Parties here, when the underlying accounting is examined forensically.
Specifically, the Company excludes short-term debt from its calculations of its debt levels. That said, the underlying figures support a finding of justness and reasonableness to the resultant distribution rates produced by the Settlement Agreement
(excluding the Step Adjustments and certain miscellaneous rate programs discussed below). Moreover, evidence was presented by the Company&#146;s witnesses, and by Dr.&nbsp;Woolridge in his RR <FONT STYLE="white-space:nowrap">1-009</FONT> Commission
Record Request response on behalf of DOE, that a well-managed utility may exclude short-term debt from its debt level calculations under common business practice. <I>See</I> Response of Energy/Dr.&nbsp;Randall Woolridge to RR <FONT
STYLE="white-space:nowrap">1-009,</FONT> response dated March&nbsp;11, 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based on the evidence before us, we find the capital
structure, overall rate of return, and return on equity to be reasonable, and reflective of the Company&#146;s need to maintain investment market competitiveness. We also note that the return on equity would be within the scope of recent equity
returns approved by the Commission, which is a reasonable, but by no means definitive, indication of an appropriate return on equity. <I>See Bluefield Water Works</I><I></I><I>&nbsp;&amp; Improvement Co. v. P.S.C. of West Virginia</I>, 262 U.S. 679
(1923) and <I>F.P.C. v. Hope Natural Gas Co.</I>, 320 U.S. 591 (1944).<SUP STYLE="font-size:85%; vertical-align:top">6</SUP> </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">6</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">For a survey of recently-approved return on equity figures granted within the context of Commission rate cases,
<I>see Public Service Company of New Hampshire d/b/a/ Eversource Energy</I>, Order No. 26,433 (December 15, 2020) at 20. </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In summary, with regard to the matter of base distribution rates, we have reviewed the
record and conclude that the Settlement Agreement balances the interests of the customers&#146; interest not to pay rates that are higher than reasonably necessary and the investors&#146; interest in earning a reasonable return on their investment.
<I>See Eastman Sewer Co.</I>, 138 N.H. 221, 225 (1994). We find that all base utility rate investments that are the subject of this proceeding, with the exception of the Step Adjustment proposals and miscellaneous programs and rate features
discussed below, have been prudently incurred and are used and useful in the provision of public utility service. <I>See </I>RSA 378:28 (prohibiting any return on any plant, equipment, or capital improvement not found to be prudent, used, and
useful). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, we find the resulting base distribution rates, are just and reasonable as required by RSA 374:2, RSA 378:7, and RSA
378:28, and that the settlement results as modified and conditioned by this order are just and reasonable and serve the public interest. We therefore approve the Settlement Agreement with regard to the matter of base distribution rates. Even so, we
intend, as discussed in Part G. below, to keep focused on the issue of capital-investment cost containment for the Company and other electric and gas utilities in New Hampshire. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We further rule, as a matter of practicality, that this base distribution rate increase is to be effective for service rendered on or after
June&nbsp;1, 2022, to sync with the expected effective date of the first Step Adjustment for 2021 calendar-year investments (discussed below), and to allow time for the Company to comply with the terms of this order. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>C. Revenue Decoupling </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We next turn to the RDM proposed by the Settling Parties for implementation by the Company in Section&nbsp;4 of the Settlement Agreement, as
augmented by supporting schedules and proposed tariff pages. Although this proposed RDM is a new one for the Company&#146;s electric utility operations, the Commission has approved revenue decoupling mechanisms for other New Hampshire utilities in
the recent past. <I>See Liberty Utils. (Granite State Elec.) Corp. d/b/a Liberty Utils.</I>, Order No.&nbsp;26,376 (June 30, 2020); <I>Liberty Utils. (EnergyNorth Natural Gas) Corp. d/b/a Liberty Utils., </I>Order No.&nbsp;26,112 (April 27, 2018).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Experience with these decoupling mechanisms has shown that decoupling is by no means a panacea for the various challenges of regulatory
ratemaking,<SUP STYLE="font-size:85%; vertical-align:top">7</SUP> and accurate, careful implementation of an RDM program is of the utmost importance in ensuring its success. That said, it has become apparent since the advent of decoupling that when
it is properly understood as a mechanism that adjusts the company&#146;s revenue, within a range, in exchange for eliminating loss-based revenue, it can be a useful tool to balance company and customer interests. Moreover, the accounting and
implementation of any RDM is subject to the Commission&#146;s ongoing authority, under RSA 374:4 and allied statutes, to inspect, investigate, and rule on any discrepancies that may arise in RDM accounting and/or tariff provisions and to order
reconciliation if found necessary after an investigation and hearing. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">&#147;Electric utilities have successfully operated for over 120 years without the need for revenue decoupling.
If the Commission chooses to not act on this request, UES can continue to be managed financially well without the proposed RDM. Electric utility investors understand that there will be good years and bad years in terms of revenue and earnings, and
proper management of the electric utility includes managing this short-term risk.&#148; <I>See </I>L. Blank (Consultant to DOE) Testimony, Bates page 11, here:<BR> <U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">https://www.puc.nh.gov/Regulatory/Docketbk/2021/21-030/TESTIMONY/21-030_2021-11-23_NHDOE_TESTIMONY-BLANK.PDF</FONT></FONT></FONT></U> </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We find that Unitil has demonstrated that it possesses the acumen to properly manage an RDM
program in the context of its electric utility operations. The Unitil RDM as proposed by the Settling Parties, including the &#147;cap&#148; feature presented in Subsection 4.3, is within the zone of reasonableness in the balancing of shareholder
and ratepayer interests, and is expected to produce distribution rates that are just and reasonable when properly implemented. We further order that the effective date of the RDM be June&nbsp;1, 2022, to correspond with the effective date of the
other rate features approved by this order. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>D. Step Increases </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We now turn to the step increase proposals presented in Section&nbsp;5 of the Settlement Agreement. In this order, we will approve the
definitions provided in Subsection 5.1, the filing and investment year/rate year schedule provided in Subsection 5.2, and the other conceptual agreements provided in Subsections 5.3, 5.4, 5.5, and 5.6 with one exception. In Subsection 5.1.3, the
Company calculated Change in <FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant by multiplying the Change in Net Plant by the Percent of <FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant. As discussed at hearing, the Company
should subtract the actual Growth Net Plant figure from the Total Change in Net Plant figure to calculate the actual Change in <FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant figure<SUP STYLE="font-size:85%; vertical-align:top">8</SUP>.
<I>See </I><FONT STYLE="white-space:nowrap">Tr.-P.M.</FONT> at 4&#150;7. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Settlement Attachment 2, Page 1 of 5, Line 12 Non-Growth % Change in Net Plant should be replaced with actual
growth in plant (see Settlement Attachment 3 &amp; Settlement Attachment 4) and be deducted from Change in Net Plant (Line 11) to calculate Non-Growth Change in Net Plant (Line&nbsp;13). </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We also note the stipulation of the cap figures presented within Subsections 2.2, 2.3, and
2.4 of the Settlement Agreement, and that of Subsection 5.4. Specifically, under Subsections 2.2 through 2.4, the Company&#146;s first step increase request for 2021 investments would be for a revenue requirement amount not higher than $1,377,331,
and the Settling Parties also stipulated that the second step increase request, for 2022 investments, &#147;will be based on a 2022 <FONT STYLE="white-space:nowrap">non-growth</FONT> investment level of no more than $26,738,022.&#148; Settlement
Agreement at 3. Furthermore, pursuant to Subsection 5.4 of the Settlement Agreement, &#147;[c]hanges to distribution revenues&#133;shall be limited to a rate cap of 2.5&nbsp;percent of total revenue in the investment year, with revenue for
externally supplied customers being adjusted by imputing the Company&#146;s default service charges for that period. Any part of the rate adjustment that exceeds 2.5&nbsp;percent of total revenues shall not be deferred for future recovery.&#148;
Settlement Agreement at 9. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These caps should serve as upper limits for consideration for any 2021 and 2022 step increase request filed by
the Company, and not as &#147;floors&#148; or indicia of inherent reasonableness. Furthermore, notwithstanding Settlement Agreement Subsection 5.5, which stipulates that &#147;[DOE] or the OCA may request that the Commission hold a hearing to
determine whether the Step Adjustment should take effect as scheduled,&#148; the Commission has a statutory right to hold a hearing regarding these step increase requests. To that end, the Commission will open Docket No. <FONT
STYLE="white-space:nowrap">22-026</FONT> to separately consider and rule upon the Company&#146;s 2021 investment year step increase filing, and will hold a hearing regarding the same within this separate docket in May 2022. <I></I> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>E. Miscellaneous Rate Features, Including TOU Rates, and Customer Programs </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the TOU rate proposals presented in the Settlement Agreement, we reference Subsection 6.5, which states, &#147;[t]he Settling Parties agree
that Unitil&#146;s EV TOU Rate Proposals shall be implemented consistent with the Commission&#146;s final </P>
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order in the [Docket No.] DE <FONT STYLE="white-space:nowrap">20-170</FONT> proceeding,&#148; and Subsection 6.6, &#148;[t]he Settling Parties agree that the Residential Whole House TOU rates
shall be the same as the Domestic TOU rate for EV charging, as updated from time to time, except that the customer charge for the Whole House TOU rate shall be the same as the customer charge for regular residential service.&#148; Settlement
Agreement at 12. On April&nbsp;7, 2022, the Commission issued Order No.&nbsp;26,604, which modified Unitil&#146;s TOU rate proposals pursuant to the terms of a separate settlement agreement. We incorporate this approval by reference here, and order
the Company to implement its TOU rate features pursuant to the terms of Order No.&nbsp;26,604. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Excluding the matters discussed
specifically below, we also approve the miscellaneous provisions of the Settlement Agreement as just, reasonable, and in the public interest. For recoupment pursuant to Section&nbsp;10 of the Settlement Agreement, we modify that provision to allow
recoupment of the difference between distribution rates at temporary rates and approved permanent rates for the <FONT STYLE="white-space:nowrap">12-month</FONT> period June 1, 2021, through May&nbsp;31, 2022; the recoupment recovery time period is
to remain one year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">With regard to the proposed <FONT STYLE="white-space:nowrap">EV-related</FONT> rebate, education, and
&#147;make-ready&#148; programs presented in Section&nbsp;7 of the Settlement Agreement, it is a settled principle that unreasonable cross-subsidization of expansionary business by an existing utility, or of one class or locality of utility
customers by the general customer base of a utility, is to be avoided. <I>See</I> <I>Liberty Utils. (EnergyNorth Natural Gas) Corp. d/b/a Liberty Utils.</I>, Order No.&nbsp;26,109 at<BR> 15&#150;22 (March 5, 2018); <I>In re: Concord Steam Corp.
Non-Gov&#146;tl Customers</I>, Order No.&nbsp;26,017 at <FONT STYLE="white-space:nowrap">11-12</FONT> (May 11, 2017); <I>C. Julian Tuthill et al. v. </I><I>Plaistow Elec. Light</I><I></I><I>&nbsp;&amp; Power Co.</I>, 8 N.H.P.S.C. 509, 510 (1922);
<I>see also Liberty Utils. </I><I>(EnergyNorth Natural Gas) Corp. d/b/a Liberty Utils.</I>, Order No.&nbsp;26,122 (April 27, 2018) at 37. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This precedent is undergirded by RSA 378:10, &#147;[n]o public utility shall make or give
any undue or unreasonable preference or advantage to any person or corporation, or to any locality, or to any particular description of service in any respect whatever or subject any particular person or corporation or locality, or any particular
description of service, to any undue or unreasonable prejudice or disadvantage in any respect whatever.&#148; At the same time, under RSA 378:11, &#147;[t]he provisions of RSA 378:10 shall not require absolute uniformity in the charges made and
demanded by public utilities when the circumstances render any lack of uniformity reasonable.&#148; The Commission has discretion in balancing the need for fairness in avoiding cross-subsidization with ensuring the overall public interest.
<I>Liberty Utils. (EnergyNorth Natural Gas) Corp. d/b/a Liberty Utils.</I>, Order No.&nbsp;26,122 at 37. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In reviewing the Section&nbsp;7
proposals of the Settlement Agreement, we are struck by the level of expenditure contemplated for the Company: up to $150,000 in EV rebate spending for up to 250 residential EV TOU customers; up to $300,000 to implement the &#147;EV and TOU
Marketing, Communications, and Education Plan&#148; over 5 years; and up to $2,362,000 to provide make-ready EV infrastructure of various types, for a total of more than $2.8&nbsp;million in potential
<FONT STYLE="white-space:nowrap">EV-related</FONT> program costs associated with the Settlement Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These costs are not
insignificant for an electric utility with only approximately 79,000 customers, for a customer group that, given the generally high cost of EVs compared to conventional automobiles, is small, and likely to be among the most affluent group of Unitil
customers. <I>See</I>, <I>e.g.</I>, Clean Energy Closing Statement at 2 (referring to current differential in <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">EV-to-conventional</FONT></FONT> automobile costs); <FONT
STYLE="white-space:nowrap">Tr.-P.M.</FONT> </P>
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at <FONT STYLE="white-space:nowrap">48-58.</FONT> Furthermore, we note that nearly all EVs are capable of <FONT STYLE="white-space:nowrap">on-board</FONT> charging, using conventional <FONT
STYLE="white-space:nowrap">110-volt</FONT> single-phase household current, <I>see </I><FONT STYLE="white-space:nowrap">Tr.-P.M.</FONT> at <FONT STYLE="white-space:nowrap">50-58,</FONT> and that businesses, municipalities, and institutions throughout
New Hampshire are now offering fast-charging stations at their own cost, as a convenience to their customers, employees, patrons, and visitors. <I>See, e.g.</I>, Company Initial Testimony of Carroll, Simpson, and Valianti, April&nbsp;2, 2021, at
Bates page 674, (referencing approximately 281 public EV charging outlets in New Hampshire). For instance, EV owners and other interested persons can use the &#147;ChargeHub.com&#148; informational website, which lists a number of public EV charging
stations currently operating within Unitil&#146;s electric service territory, or nearby. <U><FONT STYLE="white-space:nowrap">https://chargehub.com/en/charging-stations-map.html</FONT></U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">These existing New Hampshire EV charging stations would compete with the parties&#146; proposed new, subsidized charging stations to be paid
for with the subsidies proposed by the terms of the Settlement Agreement. In light of these facts, the level of cross-subsidization proposed by Section&nbsp;7 of the Settlement Agreement is not reasonable or fair in light of the applicable statutory
and precedential standards, and we therefore reject the proposals made within Section&nbsp;7 in their entirety. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Likewise, we have
reviewed the Arrearage Management Program presented in Section&nbsp;9 of the Settlement Agreement, and likewise decline to approve it. <FONT STYLE="white-space:nowrap">Low-income</FONT> programs for financially stressed customers currently exist
through the Statewide Low Income Assistance Program. Further, the Company testified that it can, and does, currently negotiate payment plans for customers in arrears through its general customer service function. <I>See </I><FONT
STYLE="white-space:nowrap">Tr.-P.M.</FONT> at 58&#150;61. The Company failed to present any evidence that additional arrearage support is needed, or that such a program is likely to be effective. This proposal is unnecessary, especially in light of
the approximately $440,000 in expected annual incremental costs associated with the proposal. Settlement Agreement at Subsection 9.4. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>F. Motions for Confidential Treatment </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">RSA Chapter <FONT STYLE="white-space:nowrap">91-A</FONT> ensures public access to information relative to the conduct and activities of
governmental agencies or &#147;public bodies&#148; such as the Commission. Disclosure of records may be required unless the information is exempt from disclosure under RSA <FONT STYLE="white-space:nowrap">91-A:5.</FONT> RSA <FONT
STYLE="white-space:nowrap">91-A:5,</FONT> IV, exempts several categories of information, including personnel practices; confidential, commercial, or financial information; and personnel files. In each instance, the party seeking protection of the
information in question has the burden of showing that a privacy interest exists, and that its interest in confidentiality outweighs the public&#146;s interest in disclosure. <I>Union Leader Corp. v. Town of Salem</I>, 173 N.H. 345, 355 (2020)
(<I>citing</I> <I>Prof&#146;l </I><I>Firefighters of N.H. v. Local Gov&#146;t Ctr.</I>, 159 N.H. 699, 707 (2010)). The Commission&#146;s rules require a motion for confidential treatment to include, among other things, a &#147;[s]pecific reference
to the statutory or common law support for confidentiality&#148; and &#147;a detailed statement of the harm that would result from disclosure.&#148; N.H. Code Admin. R. Puc 203.08. We then weigh benefits of disclosure to the public against the
interest(s) in nondisclosure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unitil asserted that confidential, commercial, financial, or personnel exemptions apply to its different
petition schedules or discovery responses in its April 2, 2021, Motion for Protective Order, as modified by its May&nbsp;5, 2021, filing and its February&nbsp;28, 2022, Motion for Protective Order. With respect to the disclosure of the confidential,
commercial, or financial information, we find that Unitil has identified privacy interests, and that disclosure is likely to cause competitive harm to the Company or its business counterparties or vendors. Similarly, with respect to the
</P>
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personnel information, we find that the Company has identified a privacy interest and that disclosure is likely to cause competitive harm to Unitil. Finally, we agree that RSA 363:37 and RSA
363:38 protect the individual customer data and therefore requires the Commission to perform the RSA <FONT STYLE="white-space:nowrap">91-A:5,</FONT> IV balancing test. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Next, we consider the public interest in disclosure. We find that the information for which Unitil seeks protection is unlikely to inform the
public of the Commission&#146;s regulatory activities. On balance, the public&#146;s interest in disclosure of this information is outweighed by the potential harm to the Company, its customers, and its business counterparties. Therefore, we grant
Unitil&#146;s Motions for a Protective Order. This ruling is subject to our ongoing authority, on our own motion, or on the motion of any party, or member of the public, to reconsider our determination, N.H. Code Admin. R. Puc 203.08(k). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>G. Prospective Matters of Commission Interest </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In reviewing the Company&#146;s response to Commission Record Request
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">RR-1-006,</FONT></FONT> specifically, Attachment 1 appended to that response, we note a significant upward trend in total capital budget spending by Unitil, from $13.44&nbsp;million
in 2010 to $37.39&nbsp;million in 2020 (the test year for this rate case) to a forecasted $41.47&nbsp;million in expenditures for the year 2025. The average proportion of &#147;Growth&#148;-related investments to
<FONT STYLE="white-space:nowrap">&#147;Non-Growth&#148;-related</FONT> investments, for the 2010&#150;2021 actual yearly data, is approximately 20&nbsp;percent to 80&nbsp;percent. <I>See </I>Attachment 1, Unitil Response to Commission Record Request
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">RR-1-006.</FONT></FONT> By contrast, the customer count of Unitil, as indicated in its response to Commission Record Request <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">RR-1-005,</FONT></FONT> has remained relatively stagnant over the last three rate cases, increasing from 70,295 customers in test year 2004&#150;2005 to 78,878 customers in test year 2020. This trend of rapid increase in
capital expenditures compared to much slower growth in customer counts </P>
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is seen across other peer electric and gas utilities in New Hampshire, and gives rise to potential implications that will likely merit ongoing Commission interest and analysis in the future. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>H. Rate Case Expenses </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company&#146;s rate case expenses will be considered for approval and recovery in a separate proceeding, after they are finalized by the
Company and submitted to the Commission for our review. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Based upon the foregoing, it is hereby </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>ORDERED</B>, that the Settlement Agreement regarding permanent distribution rates presented by the Settling Parties for Unitil Energy
Systems, Inc.&#146;s rates is APPROVED IN PART, subject to the exclusions and conditions delineated in this Order; and it is </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER
ORDERED</B>, that Unitil Energy Systems, Inc. is hereby authorized to begin recovery of the increase to its revenue requirement of $6,326,330 in rates effective with service rendered on and after June&nbsp;1, 2022, to be reconciled to temporary
rates approved in Order No.&nbsp;26,484 over a <FONT STYLE="white-space:nowrap">one-year</FONT> period, from June&nbsp;1, 2022, through May&nbsp;31, 2023, consistent with the Settlement Agreement; and it is <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil Energy Systems, Inc. is hereby authorized to begin implementation of its revenue decoupling mechanism on
and after June&nbsp;1, 2022, consistent with the Settlement Agreement; and it is </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil Energy Systems, Inc.
is to file a request for recovery of its rate case expenses with the Commission when its rate case expenses are finalized; and it is </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil Energy Systems, Inc. is authorized to file for recovery
of step increases as provided in the Settlement Agreement, subject to further review, hearing, and determination by the Commission for effect on June&nbsp;1, 2022 and June&nbsp;1, 2023; and it is <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil Energy Systems, Inc. shall file all necessary documentation and reports in support of regulatory costs as
noted above, and the step increases, as required by the Settlement Agreement; and it is <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil
Energy Systems, Inc.&#146;s Motions for Protective Order are GRANTED; and it is <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil Energy
Systems, Inc. shall file tariffs conforming to this Order within 15 days of the date of this Order pursuant to N.H. Code Admin. Rules, Puc 1603.02(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By order of the Public Utilities Commission of New Hampshire this third day of May, 2022. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Daniel C. Goldner</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ F. Anne Ross</P></TD>
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<TD VALIGN="bottom" ALIGN="center">Daniel C. Goldner</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">F. Anne Ross</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Chairman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Commissioner</TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Service List - Docket Related </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Docket# : <FONT STYLE="white-space:nowrap">21-030</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Printed: 5/3/2022 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Email
Addresses </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">ClerksOffice@puc.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">asbury@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Scott.T.Balise@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Jason@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Larry@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">kelly@cleanenergynh.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">rburke@nhla.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">campbellm@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">matthew.deal@chargepoint.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">paul.b.dexter@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jay.e.dudley@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">sdunbar@keyesfox.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">mateo@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">stephen.r.eckberg@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">eemerson@primmer.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">epler@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">sam@cleanenergynh.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">joseph.fontaine@des.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">fossumm@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">thomas.c.frantz@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">josie.gage@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">gouldingc@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">aimee@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Goksin.Kavlak@brattle.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">tklaes@blueridgecs.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">nkrakoff@clf.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">donald.m.kreis@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">main@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">kevin.miller@chargepoint.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">karen.j.moran@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">dmullinax@blueridgecs.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">nawazelski@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">elizabeth.r.nixon@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">amanda.o.noonan@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">ocalitigation@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">rebecca.ohler@des.nh.gov </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 34 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">petersonr@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Maureen.l.reno@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">agustin.ros@brattle.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">sanem.sergici@brattle.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">chris@cleanenergynh.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">taylorp@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">stower@nhla.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jacqueline.m.trottier@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jvanrossum@clf.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">nvijaykar@keyesfox.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">chris@pluggedinstrategies.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">MWhited@synapse-energy.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jrw@psu.edu </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">craig.wright@des.nh.g </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 35 - </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>STATE OF NEW HAMPSHIRE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PUBLIC UTILITIES COMMISSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DE <FONT STYLE="white-space:nowrap">21-030</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>UNITIL ENERGY SYSTEMS, INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Request for Change in Rates </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Order on Expedited Motion for Clarification </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>O</U> <U>R</U> <U>D</U> <U>E</U> <U>R</U>&nbsp;&nbsp;&nbsp;&nbsp;<U>N</U> <U>O</U>. <U>26,625</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>May&nbsp;12, 2022 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
this order the Commission clarifies that the annual revenue requirement approved in Order No.&nbsp;26,623 shall be $5,883,395. This clarification and amendment is related to the arrearage management program proposed in the Settlement Agreement, but
not approved by the Commission. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>I.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>PROCEDURAL HISTORY </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;3, 2022, the Commission issued Order No.&nbsp;26,623 in which it partially approved a settlement agreement submitted in the Unitil
rate case. In that order, the Commission did not approve an arrearage management program (AMP) contained in the settlement. On May&nbsp;10, 2022, Unitil Energy Systems, Inc. (Unitil) requested that the Commission, pursuant to N.H. Code of Admin.
Proc R. Puc 203.07 and RSA 541:3, provide an expedited clarification of Order No.&nbsp;26,623. Unitil indicated that the Staff of the Department of Energy (DOE) and the Office of Consumer Advocate (OCA) assented to the motion. Other parties have not
filed responses to Unitil&#146;s motion. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unitil must file conforming tariffs within fifteen (15)&nbsp;days of the date of the Order
(i.e., May&nbsp;18, 2022) pursuant to Puc 1603.02(b). Order No.&nbsp;26,623 at 33. </P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>POSITIONS OF THE PARTIES </B></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>A.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Unitil </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;11, 2022, Unitil, the DOE, the Office of the Consumer Advocate, Clean Energy New Hampshire, the Department of Environmental
Services, and ChargePoint, Inc. (collectively, the Settling Parties) submitted a Settlement Agreement to the Commission proposing, among other things, an increase of $6,326,330 in the Company&#146;s distribution revenues and the establishment of an
AMP. Order No.&nbsp;26,623 at 5, 14 (May 3, 2022). In the Settlement Agreement, the Settling Parties agreed that the Company&#146;s base rates would include $440,118 in annual revenue attributable to the implementation of an arrearage management
program, including an allocated full-time employee cost of $65,118 and annual arrearage forgiveness of $375,000. Hearing Exhibit 12 (Settlement Agreement and Attachments); <I>see also</I> Order No.&nbsp;26,623 at 14. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In Order No.&nbsp;26,623, the Commission approved the proposed revenue requirement increase of $6,326,330, however, the Commission declined to
approve the arrearage management program. <I>Id. </I>at <FONT STYLE="white-space:nowrap">29-30.</FONT> According to Unitil, the approved increase in base rates of $6,326,330 included $440,118 for the arrearage program. Removing the $440,118 also
results in a decrease to the revenue requirement of an additional $2,817 associated with a reduction in bad debt expense. Removing the $440,118 and the $2,817 from the approved revenue requirement results in a revenue requirement of $5,883,395. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>B.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>OCA </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unitil stated that OCA has assented to its motion for expedited clarification and amendment of Order No.&nbsp;26,623. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>C.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Department of Energy </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unitil stated that the DOE also assented to its motion. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>COMMISSION ANALYSIS </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Commission is authorized to fix rates after a hearing, upon determining that rates, fares, and charges are just and reasonable. RSA 378:7.
In this case, the revenue requirement approved in Order No.&nbsp;26,623 was higher than the amount actually required by the approved programs. The Commission finds that the adjustment of the revenue requirement to $5,883,395 will result in
reasonable rates and clarifies that Order No.&nbsp;26,623 should be amended to approve that amount. Further, the Commission thanks the Company for pointing out this inconsistency in the rates set out in Order No.&nbsp;26,623. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Puc 203.07 (f) allows five days for an objection to a motion for rehearing or for clarification. No party has filed an objection and two
parties, DOE and OCA, have assented. Given the tight time frame for the filing of the permanent rate increase tariffs, we waive the <FONT STYLE="white-space:nowrap">five-day</FONT> requirement of Puc 203.07(f). We find that in this case a waiver
will serve the public interest; and will not disrupt the orderly and efficient resolution of matters before the Commission. Interested parties wishing to object to the Unitil motion must do so on or before May&nbsp;16, 2022. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Based upon the foregoing, it is hereby </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>ORDERED</B>, that Order No.&nbsp;26,623 is clarified and amended to approve an annual revenue requirement for Unitil of $5,883,395 as the
basis for calculating rates for effect on June&nbsp;1, 2022; and it is <B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>FURTHER ORDERED</B>, that Unitil shall file updated
Settlement Agreement attachments in a live Excel format on or before May&nbsp;16, 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By order of the Public Utilities Commission of
New Hampshire this twelfth day of May, 2022. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Daniel C. Goldner</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ F. Anne Ross</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom" ALIGN="center">Daniel C. Goldner</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">F. Anne Ross</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
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<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Chairman</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Special Commissioner</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 3 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Service List - Docket Related </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Docket# : <FONT STYLE="white-space:nowrap">21-030</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Printed: 5/12/2022 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Email
Addresses </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">ClerksOffice@puc.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">asbury@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Scott.T.Balise@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Jason@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Larry@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">kelly@cleanenergynh.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">rburke@nhla.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">campbellm@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">matthew.deal@chargepoint.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">paul.b.dexter@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jay.e.dudley@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">sdunbar@keyesfox.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">mateo@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">stephen.r.eckberg@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">eemerson@primmer.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">epler@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">sam@cleanenergynh.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">joseph.fontaine@des.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">fossumm@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">thomas.c.frantz@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">josie.gage@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">gouldingc@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">aimee@transformconsulting.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Goksin.Kavlak@brattle.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">tklaes@blueridgecs.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">nkrakoff@clf.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">donald.m.kreis@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">main@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">kevin.miller@chargepoint.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">karen.j.moran@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">dmullinax@blueridgecs.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">nawazelski@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">elizabeth.r.nixon@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">amanda.o.noonan@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">ocalitigation@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">rebecca.ohler@des.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">petersonr@unitil.com </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 4 - </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">Maureen.l.reno@oca.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">agustin.ros@brattle.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">sanem.sergici@brattle.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">chris@cleanenergynh.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">taylorp@unitil.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">stower@nhla.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jacqueline.m.trottier@energy.nh.gov </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jvanrossum@clf.org </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">nvijaykar@keyesfox.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">chris@pluggedinstrategies.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">MWhited@synapse-energy.com </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">jrw@psu.edu </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:33%; font-size:10pt; font-family:Times New Roman">craig.wright@des.nh.gov </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 5 - </P>

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<DESCRIPTION>EX-99.3
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE STATE OF NEW HAMPSHIRE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BEFORE THE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PUBLIC
UTILITIES COMMISSION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Unitil Energy Systems, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Rate Case </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Docket No. DE <FONT
STYLE="white-space:nowrap">21-030</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SETTLEMENT AGREEMENT ON </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PERMANENT DISTRIBUTION RATES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Settlement Agreement on permanent distribution rates (&#147;Settlement Agreement&#148;) is entered into this 11<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> day of February, 2022, by and among Unitil Energy Systems, Inc. (&#147;Unitil&#148; or &#147;Company&#148;), the New Hampshire Department of Energy (&#147;DOE&#148;), the Office of the Consumer
Advocate (&#147;OCA&#148;), the New Hampshire Department of Environmental Services, Clean Energy New Hampshire, and ChargePoint (collectively, the &#147;Settling Parties&#148;), and is intended to resolve the issues in Unitil&#146;s rate case,
Docket No. DE <FONT STYLE="white-space:nowrap">21-030.</FONT> This Settlement Agreement contains the recommendations of the Settling Parties with respect to approval by the New Hampshire Public Utilities Commission (&#147;Commission&#148;) of an
increase in Unitil&#146;s permanent distribution rates and associated rate design. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 1. INTRODUCTION AND PROCEDURAL HISTORY </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.1&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;2, 2021, pursuant to RSA 378:3, RSA 378:28 and N.H. Code Admin. Rules Puc &#167;&#167;1600 et seq., Unitil filed
testimony, supporting data, and revisions to its Tariff NHPUC No.&nbsp;3 &#150; Electricity Delivery. The filing requested approval of: (1)&nbsp;a permanent annual increase to its distribution revenues of $11,992,392; (2) a three-year Rate Plan with
an initial step adjustment to be implemented on the effective date of permanent rates, and step adjustments thereafter on or about April&nbsp;1, 2023 and 2024; (3) certain changes to its rate design and select tariff components, including a Revenue
Decoupling Mechanism (&#147;RDM&#148;), four new Time of Use (&#147;TOU&#148;) rates, and new rates </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
for Light Emitting Diode (&#147;LED&#148;) fixtures; (4)&nbsp;several new programs including an arrearage management program and a residential behind the meter electric vehicle supply equipment
incentive program; and (5)&nbsp;a temporary revenue increase of $5,812,761&nbsp;million effective as of June&nbsp;1, 2021, to be recovered on a uniform per kilowatt hour (&#147;kWh&#148;) basis from all rate classes until completion of the
proceeding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.2&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;7, 2021, Unitil filed a Stipulation and Settlement Agreement with the Commission, including agreement
on a total annual temporary distribution revenue increase of $4,451,667 collected through a uniform per kWh surcharge of $0.00384 applied to all of Unitil&#146;s current rate schedules, including those not normally billed for distribution service on
a kWh basis. On May&nbsp;27, 2021, the Commission issued Order No.&nbsp;26,484, approving the Settlement on Temporary Rates, effective June&nbsp;1, 2021, subject to reconciliation based on the outcome of the permanent rate case. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1.3&nbsp;&nbsp;&nbsp;&nbsp;Following multiple sets of discovery and technical sessions, the DOE, OCA, Clean Energy New Hampshire, Conservation Law Foundation
and ChargePoint Inc. filed written testimony on November&nbsp;23, 2021. Productive settlement discussions on Permanent Rates took place during January and February 2022, which ultimately led to this Settlement Agreement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 2. DISTRIBUTION RATE CHANGES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.1&nbsp;&nbsp;&nbsp;&nbsp;This Settlement Agreement provides for several changes to Unitil&#146;s distribution rates. The first such change shall occur on
April&nbsp;1, 2022, effective on a service-rendered basis. It provides for an increase in Unitil&#146;s distribution revenues of $6,326,330 to recover the Company&#146;s distribution revenue deficiency agreed to by the Settling Parties. The
schedules supporting this increase and Unitil&#146;s overall annual revenue requirement and incorporating the provisions of this Settlement Agreement are provided in Settlement Attachment 1. This reflects a net increase of $1,874,663 from temporary
rates in effect since June&nbsp;1, 2021, which reflected an increase of $4,451,667 as authorized by the </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Commission in Order No.&nbsp;26,484 (May 27, 2021). The permanent rates increase of $6,326,330 represents an increase of 2.3&nbsp;percent of total revenues or 10.9&nbsp;percent of distribution
revenues. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The initial rate change shall be followed by two additional annual Step Adjustments to rates on June&nbsp;1, 2022 and June&nbsp;1, 2023, also
effective on a service-rendered basis. In light of these Step Adjustments, the Company shall not file a distribution rate case with the Commission before January&nbsp;1, 2024. Notwithstanding this provision, the Company shall not be precluded from
making a filing with the Commission for recovery following a federally initiated cost change, which includes any externally imposed changes in the federal tax rates, laws, regulations, or precedents governing income, revenue, or sales taxes or any
changes in federally imposed fees, which impose new obligations, duties or undertakings, or remove existing obligations, duties or undertakings, and which individually decrease or increase the Company&#146;s distribution costs, revenue, or revenue
requirement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.2&nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree that Unitil may propose to collect two step increases using the format presented on
Settlement Attachment 2. The Settling Parties agree that the first step increase (for 2021 investments) shall be presented using the information provided on Settlement Attachments 2 and 3, which contain actual investments completed and placed in
service in 2021. The first step adjustment request will be for a revenue requirement amount not higher than $1,377,331. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Settlement Attachment 4 is a list
of the 2022 investments that Unitil plans to include for recovery in the second step adjustment. The Settling Parties agree that the specific items on that list may change based upon the Company&#146;s determination prior to Unitil filing its
request to implement the second step adjustment. The Settling parties agree that the second step increase will be based on a 2022 <FONT STYLE="white-space:nowrap">non-growth</FONT> investment level of no more than $26,738,022. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The step adjustments shall be subject to review by interested parties, and review and approval by the
Commission, within the timeframes set out in this Settlement. The inclusion of step adjustments in this Settlement Agreement shall not preclude any interested party or the Commission, during the review of the step adjustments, from raising any issue
concerning those adjustments and the recovery of those amounts in base rates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.3&nbsp;&nbsp;&nbsp;&nbsp;The June&nbsp;1, 2022 distribution revenue
increase shall be a Step Adjustment for the additional revenue requirement resulting from changes in Net Plant in Service associated with <FONT STYLE="white-space:nowrap">non-growth</FONT> investments for the period January&nbsp;1, 2021, through
December&nbsp;31, 2021, as listed and described on Settlement Attachment 3. An illustrative revenue requirement for the June&nbsp;1, 2022 step adjustment is provided in Settlement Attachment 2. The Company shall file its June&nbsp;1, 2022 step
adjustment with the Commission for review and approval on or before February&nbsp;28, 2022 in accordance with Section&nbsp;5.2. As noted in Section&nbsp;2.2 above, the June&nbsp;1, 2022 step adjustment will be for a revenue requirement amount not
higher than $1,377,331. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2.4&nbsp;&nbsp;&nbsp;&nbsp;The June&nbsp;1, 2023 distribution revenue increase shall be a Step Adjustment for the revenue
requirement associated with changes in Net Plant in Service associated with <FONT STYLE="white-space:nowrap">non-growth</FONT> investments for the period January&nbsp;1, 2022, through December&nbsp;31, 2022, as listed and described on Settlement
Attachment 4. An illustrative revenue requirement for the June&nbsp;1, 2023 step adjustment is provided in Attachment 2. The Company shall file the June&nbsp;1, 2023 step adjustment with the Commission for review and approval on or before
February&nbsp;14, 2023 in accordance with Section&nbsp;5.2. As noted in Section&nbsp;2.2 above, the June&nbsp;1, 2023 step adjustment will be based on a 2022 <FONT STYLE="white-space:nowrap">non-growth</FONT> investment level of no more than
$26,738,022. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 3. COST OF CAPITAL AND CAPITAL STRUCTURE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3.1&nbsp;&nbsp;&nbsp;&nbsp;In determining the annual changes to distribution revenue and rates, the Settling Parties agreed that application of an overall
capital structure and cost of capital as set forth in the table below, including a 9.2&nbsp;percent return on equity is just and reasonable in the context of this Settlement Agreement taken as a whole: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="69%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Component<BR>Percentage</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Cost</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Weighted<BR>Cost</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Tax<br>Factor</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><FONT STYLE="white-space:nowrap">Pre-Tax</FONT><BR>Cost</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">52.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9.20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">4.78</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">1.371422</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">6.56</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Long-Term Debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">48.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">5.49</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.64</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">2.64</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">100.00</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">7.42</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">9.20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 4. REVENUE DECOUPLING MECHANISM </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.1&nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree that Unitil shall implement a Revenue Decoupling Mechanism (&#147;RDM&#148;) substantially as proposed in
the initial prefiled testimony of Unitil witness Timothy Lyons, subject to the adjustments specified in this Settlement Agreement. Specifically, the Settling Parties agree and recommend that the Commission approve a RDM using a Revenue Per Customer
(&#147;RPC&#148;) model that shall reconcile monthly actual and authorized RPC by rate class. As proposed, the Company&#146;s new electric vehicle <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">time-of-use</FONT></FONT> (&#147;EV
TOU&#148;) classes, and Outdoor Lighting and Light Emitting Diode (&#147;LED&#148;) outdoor lighting service classes shall be excluded from the RDM reconciliation. Settlement Attachment 5 provides the Company&#146;s monthly target RPCs effective
April&nbsp;1, 2022 and also provides preliminary monthly target RPCs effective June&nbsp;1, 2022 and June&nbsp;1, 2023. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.2&nbsp;&nbsp;&nbsp;&nbsp;The
Company shall implement the RDM as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.2.1 First, the Company shall record monthly variances between actual and authorized RPC for
each rate class. Those monthly variances shall then be then totaled by class over the twelve-month period April through March (the &#147;Measurement Period&#148;). The total variances and carrying costs shall form the basis for the revenue
decoupling adjustment (&#147;RDA&#148;) by group and the calculation of RDM adjustment factors (&#147;RDAF&#148;) (surcharges or credits). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.2.2 Second, the Company shall file with the Commission on or before June&nbsp;1 of each
year the applicable RDAF. The filing shall include the RDA by group, including prior period reconciliation and calculation of the RDAF. Pursuant to this Settlement Agreement, rather than reconcile the RDA on an allocated basis as initially proposed
by Unitil, the Company shall reconcile the RDA for three groups: (1)&nbsp;Schedule D, Domestic, <SUP STYLE="font-size:85%; vertical-align:top">1</SUP> (2) Schedule G, Regular General Service G2, G2 kWh Meter, Uncontrolled Quick Recovery Water
Heating, and Space Heating, and (3)&nbsp;Schedule G, Large General Service G1 The RDAF shall be calculated as a dollar per kWh charge or credit based on the RDA for each group divided by the projected kWh sales for each group over the prospective
twelve-month period August through July (&#147;RDM Adjustment Period&#148;). The RDAF shall be charged or credited to customer bills during the RDM Adjustment Period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.3&nbsp;&nbsp;&nbsp;&nbsp;Unitil shall implement an RDA cap of three (3.0) percent of distribution revenues for each group over the relevant
Measurement Period(s) for over- and under-recoveries. Furthermore, to the extent that the RDA for a group, including prior period reconciliation exceeds three (3.0) percent of distribution revenue, the amount over or under three (3.0) percent shall
be deferred, with carrying costs accrued monthly at the Prime Rate with said Prime Rate to be fixed on a quarterly basis and to be established as reported in <I>The Wall Street Journal </I>on the first business day of the month preceding the
calendar quarter. If more than one interest rate is reported, the average of the reported rates shall be used. In the Company&#146;s next distribution rate case, parties to that proceeding may propose specific treatment of any carried balances
remaining at that time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.4&nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree that the RDM shall be implemented at the proposed effective
date of new permanent rates on April&nbsp;1, 2022. At that time, Unitil shall cease accruing Lost Base Revenue (&#147;LBR&#148;) due to energy efficiency and displaced distribution revenue for net metering and shall transition to decoupling as
described in the April&nbsp;2, 2021 Testimony of Christopher Goulding and Daniel Nawazelski at Bates pages <FONT STYLE="white-space:nowrap">128-130</FONT> and explained in the response to Staff <FONT STYLE="white-space:nowrap">1-9</FONT> provided as
Settlement Attachment 6. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Company&#146;s RDAC tariff shall be revised to include the Domestic Delivery Service (Schedule <FONT
STYLE="white-space:nowrap">D-TOU)</FONT> upon approval. </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4.5&nbsp;&nbsp;&nbsp;&nbsp;RiverWoods: As described in the Company&#146;s initial testimony, the RiverWoods
continuing care retirement community is, consistent with a waiver granted by the Commission in Docket No. DE <FONT STYLE="white-space:nowrap">19-114,</FONT> implementing master metering at its facility and the conversion is expected to replace
approximately 200 residential meters with 3 or 4 Rate G2 meters. The Settling Parties acknowledge that the conversion is likely to affect the Company&#146;s decoupling proposal. Accordingly, the Settling Parties agree that the Company shall adjust
its actual customers counts to account for the change in RiverWoods&#146; metering as part of its decoupling calculation as follows: The Company shall add back the number of residential customers lost and remove the number of G2 customers added as
the conversions occur. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 5. STEP ADJUSTMENTS AND REPORTING REQUIREMENTS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.1&nbsp;&nbsp;&nbsp;&nbsp;For purposes of calculating the Step Adjustments, the following definitions shall apply: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.1 <U>Accumulated Depreciation</U> is the cumulative net credit balance arising from the provision for depreciation expense, cost of
removal, salvage, and retirements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.2 <U>Change in Net Plant</U> is the change in Ending Net Utility Plant from one Investment Year to
the next, which accounts for Plant Additions as well as Accumulated Depreciation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.3 <U>Change in
<FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant</U> is the Change in Net Plant multiplied by the Percent of <FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.4 <U>Depreciation Expense</U> is the return of the Company&#146;s investment calculated by multiplying the Change in <FONT
STYLE="white-space:nowrap">Non-Growth</FONT> Additions by the average depreciation rate of 3.35&nbsp;percent. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.5 <U>Ending Net Utility Plant</U> is the &#147;per books&#148; utility Plant Additions
for plant in service after Accumulated Depreciation is deducted. Ending Net Utility Plant shall match that supplied on the Company&#146;s FERC Form 1. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.6 <U>Investment Year</U> is the annual period beginning January&nbsp;1 and ending December&nbsp;31 of each calendar year 2021 through 2022
for which capital investments are made by the Company and placed in service. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.7 <U>Percent of
<FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant</U> is the ratio of <FONT STYLE="white-space:nowrap">non-growth</FONT> capital additions to total capital additions in the Investment Year as determined by the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.8 <U>Plant Additions</U> are the capitalized costs of plant placed in service, after retirements, as recorded on the Company&#146;s books
during the Investment Year. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.9 <U><FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Rate of Return</U> is 9.20&nbsp;percent which is
established based on the cost of capital of 7.42&nbsp;percent and a tax gross up factor of 1.3714 on common equity, which is based on current tax rates, and which shall be updated for applicable tax rate changes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.10 <U>Property Taxes</U> are established at an initial rate of 0.66&nbsp;percent, representing State utility property taxes paid as a
percent of <FONT STYLE="white-space:nowrap">Non-Growth</FONT> change in net plant. This percentage shall be updated annually to reflect the most recent property tax costs and will be calculated using the statutory tax rate in RSA <FONT
STYLE="white-space:nowrap">83-F:2.</FONT> Only state property taxes are collected through the step adjustment. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">5.1.11 <U>Rate Year</U> is
the annual period June&nbsp;1 through May&nbsp;31, following the Investment Year. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.2&nbsp;&nbsp;&nbsp;&nbsp;The step adjustments associated with each Investment Year beginning on and after
January&nbsp;1, 2021 shall be effective June&nbsp;1 of the following year with a Step Adjustment filing due by the last day of February as outlined below: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="37%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Investment Year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Rate Year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Step<BR>Adjustment<BR>Filing Due</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle" ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">January&nbsp;1-December&nbsp;31,</FONT> 2021</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center">June 1, <FONT STYLE="white-space:nowrap">2022-May&nbsp;31,</FONT> 2023</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center">February&nbsp;28, 2022</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">January
<FONT STYLE="white-space:nowrap">1-December&nbsp;31,</FONT> 2022</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center"><FONT STYLE="white-space:nowrap">June&nbsp;1,&nbsp;2023-May&nbsp;31,</FONT> 2024</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" NOWRAP ALIGN="center">February&nbsp;14, 2023</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Step Adjustment filings shall include, at a minimum, a list of all capital projects completed in each
Investment Year, which shall include a project description, the initial budget, any revised budget, final cost, and the date each project was booked to plant in service. In addition, each step adjustment filing shall include, for each project, all
project documents, including but not limited to, Capital Budget Form, Construction Authorizations (including any applicable change orders), and Work orders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.3&nbsp;&nbsp;&nbsp;&nbsp;The Step Adjustment shall include recovery of the distribution revenue requirement associated with the annual Change in <FONT
STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant. The Step Adjustment revenue requirement shall be the sum of the following for each Investment Year: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Rate of Return applied to the annual Change in <FONT
STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Depreciation Expense on the annual Change in <FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">State Property Taxes on the annual Change in <FONT STYLE="white-space:nowrap">Non-Growth</FONT> Net Plant.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.4&nbsp;&nbsp;&nbsp;&nbsp;Changes to distribution revenues as calculated above in any Rate Year shall be limited to a rate cap of
2.5&nbsp;percent of total revenue in the investment year, with revenue for externally supplied customers being adjusted by imputing the Company&#146;s default service charges for that period. Any part of the rate adjustment that exceeds
2.5&nbsp;percent of total revenues shall not be deferred for future recovery. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.5&nbsp;&nbsp;&nbsp;&nbsp;The amount of the Step Adjustments shall be subject to review by the DOE and the
OCA, and subject to approval by the Commission, following the filing required by Paragraph 5.2. The DOE or the OCA may request that the Commission hold a hearing to determine whether the Step Adjustment should take effect as scheduled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">5.6&nbsp;&nbsp;&nbsp;&nbsp;The Step Adjustment effective June&nbsp;1, 2022 shall include recovery of $39,969 of post-test-year software amortization. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 6. TARIFF CHANGES AND RATE DESIGN </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.1&nbsp;&nbsp;&nbsp;&nbsp;Rate Allocation: The Settling Parties agree that the Company shall limit the revenue deficiency allocated to the residential rate
class, Rate Schedule D, to 125&nbsp;percent of Unitil&#146;s overall average revenue increase, or an increase of 13.62&nbsp;percent from test year distribution revenues. The remainder of the revenue deficiency shall be allocated to the
Company&#146;s general service commercial and industrial rate classes, Rate Schedule G, based on an equal percentage increase of 8.21&nbsp;percent from test year distribution revenues. A schedule showing the allocation of the revenue deficiency and
resulting permanent rates is provided in Settlement Attachment 7. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.2&nbsp;&nbsp;&nbsp;&nbsp;Customer Charges: The Settling Parties agree that the
customer charges for all Rate Schedules shall remain at the current levels until the Company&#146;s next base distribution rate case. The revenue increase for each class shall be recovered from distribution demand and energy charges, as applicable.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.3&nbsp;&nbsp;&nbsp;&nbsp;For the Step Adjustments described in Section&nbsp;5 above, the revenue requirement increase shall be applied proportionately
to all customer classes except outdoor lighting based on distribution revenue, using current distribution rates and test year billing determinants established in this proceeding. The increase shall be collected proportionately through distribution
demand or energy charges as applicable for all rate classes, except for outdoor lighting classes. The demand and energy distribution rates for </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the Residential Whole House TOU and Residential and General Service EV rate classes shall be adjusted by the same percentage as the corresponding rate class, and the rate calculation methodology
must be maintained as approved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.4&nbsp;&nbsp;&nbsp;&nbsp;Cost of Service: The Settling Parties agree that Unitil shall employ the &#147;Basic
Customer&#148; classification method in its next base distribution rate case to apportion distribution costs as part of its cost of service study. The Settling Parties further agree that the Company is not precluded from also presenting the
&#147;Minimum System Method&#148; or any other classification methodology in its next base distribution rate case, nor is the Company precluded from advocating for a classification methodology different from the &#147;Basic Customer&#148;
classification methodology in its next base distribution rate case. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.5&nbsp;&nbsp;&nbsp;&nbsp;Electric Vehicle (&#147;EV&#148;) TOU Rates: As described
in the initial testimony of Company Witnesses Carroll, Simpson, Valianti, and Taylor (Exhs. <FONT STYLE="white-space:nowrap">CSV-1,</FONT> <FONT STYLE="white-space:nowrap">JDT-1),</FONT> Unitil proposed three, new TOU rates for EV charging in this
proceeding: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(1)&nbsp;TOU-EV-D</FONT></FONT> (Domestic TOU for EV charging); (2) <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">TOU-EV-G2</FONT></FONT> (small
general service EV TOU Charging (less than 200 kVA)); and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(3)&nbsp;TOU-EV-G1</FONT></FONT> (large general service EV TOU Charging (greater than 200 kVA)) (together the &#147;EV TOU
Rate Proposals&#148;). The Company&#146;s submittal to the Commission in the instant matter occurred prior to the Commission&#146;s April&nbsp;30, 2021 deadline in Docket No. DE <FONT STYLE="white-space:nowrap">20-170</FONT> (Electric Distribution
Utilities, Electric Vehicle Time of Use Rates) for the electric distribution utilities to file EV TOU Rates and feasibility assessments. On June&nbsp;15, 2021, Unitil filed copies of the EV TOU Rate Proposals and the supporting testimony submitted
in this proceeding in DE <FONT STYLE="white-space:nowrap">20-170.</FONT> Also on June&nbsp;15, 2021, the Commission directed the parties to resolve the outstanding matters in DE <FONT STYLE="white-space:nowrap">20-170</FONT> at least 30 days prior
to February&nbsp;16, 2022, the date hearings were originally scheduled to conclude in this proceeding. This Commission directive was issued pursuant to Order No.&nbsp;26,486 (June 9, 2021), which denied a motion to remove Unitil&#146;s EV TOU Rate
Proposals from this proceeding. During the period between November&nbsp;16, 2021 and January&nbsp;12, 2022, the parties to DE <FONT STYLE="white-space:nowrap">20-170</FONT> engaged in settlement discussions. Based upon these discussions, some
parties reached a settlement </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
agreement (the &#147;DE <FONT STYLE="white-space:nowrap">20-170</FONT> Settlement&#148;), and on January&nbsp;14, 2022, the DOE filed the DE <FONT STYLE="white-space:nowrap">20-170</FONT>
Settlement on behalf of its signatories. Among other things, the DE <FONT STYLE="white-space:nowrap">20-170</FONT> Settlement provides for Commission approval, of Unitil&#146;s EV TOU Rates. The Settling Parties agree that Unitil&#146;s EV TOU Rate
Proposals shall be implemented consistent with the Commission&#146;s final order in the DE <FONT STYLE="white-space:nowrap">20-170</FONT> proceeding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.6&nbsp;&nbsp;&nbsp;&nbsp;Residential Whole House TOU rate: As described in the initial testimony of Company Witnesses Carroll, Simpson, Valianti, and Taylor
(Exhs. <FONT STYLE="white-space:nowrap">CSV-1,</FONT> <FONT STYLE="white-space:nowrap">JDT-1),</FONT> Unitil proposed a new Residential Whole House TOU rate in this proceeding. As proposed by the Company, only the generation and transmission
components were time-differentiated for this proposed rate and the distribution component of the rate was the same during all time periods. The Settling Parties agree that Unitil shall implement the new Residential Whole House TOU rate, subject to
revising the rate such that all three main rate components (generation, transmission, and distribution) are time-differentiated. The Settling Parties agree that the Residential Whole House TOU rates shall be the same as the Domestic TOU rate for EV
charging, as updated from time to time, except that the customer charge for the Whole House TOU rate shall be the same as the customer charge for regular residential service. Residential Whole House TOU illustrative rates, as presented for
residential EV charging in the Settlement Agreement in DE <FONT STYLE="white-space:nowrap">20-170,</FONT> are provided in Settlement Attachment 8. The Settling Parties also agree that the Residential Whole House TOU rates shall take effect at the
same time as the residential EV TOU rates, pending in DE <FONT STYLE="white-space:nowrap">20-170.</FONT> However, if no rate is yet approved in DE <FONT STYLE="white-space:nowrap">20-170,</FONT> then these residential Whole House TOU rates shall be
implemented no later than August 1. 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.7&nbsp;&nbsp;&nbsp;&nbsp;Outdoor Lighting Service: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">6.7.1</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Within six months of the Commission&#146;s approval of this Settlement Agreement, Unitil shall file a new or
revised LED Outdoor Lighting Service tariff, which will align more closely with Liberty Utilities <FONT STYLE="white-space:nowrap">LED-2</FONT> </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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tariff and Eversource&#146;s EOL tariff rate to allow options for municipalities to install advanced lighting controls and to allow municipalities to own and maintain lighting fixtures.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">6.7.2</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Settling Parties Agree that Unitil shall break out LED and <FONT STYLE="white-space:nowrap">non-LED</FONT>
information in the tariffs, cost of service studies, and revenue requirement schedules submitted as part of the Company&#146;s next base distribution rate case if the test-year <FONT STYLE="white-space:nowrap">non-LED</FONT> lights constitute more
than 20&nbsp;percent of all lighting fixtures deployed on the Company&#146;s system. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">6.7.3</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Settling Parties agree that Unitil shall remove the unreimbursed undepreciated value of the non LED lights
related to the city of Concord street lighting conversion from the second Step Adjustment effective June 1, 2023. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.8&nbsp;&nbsp;&nbsp;&nbsp;The resulting class revenue requirement targets and final distribution rates for effect April&nbsp;1, 2022, are presented in
Settlement Attachment 9. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.9&nbsp;&nbsp;&nbsp;&nbsp;Bill impacts from the distribution rates in Paragraph 6.8 above are summarized in Settlement
Attachment 10. Bill impacts are various usage levels are provided in Settlement Attachment 11. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6.10&nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree to
the tariff changes provided in Attachment 12. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 7. ELECTRIC VEHICLE PROGRAM INFRASTRUCTURE PROPOSAL AND MARKETING, COMMUNICATIONS, AND EDUCATION
PLAN </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.1&nbsp;&nbsp;&nbsp;&nbsp;The Company may offer rebates of up to $600 for the procurement and installation of smart, managed Level&nbsp;2 EV
chargers to 250 residential EV TOU customers in the manner described in Exhibit <FONT STYLE="white-space:nowrap">CSV-1</FONT> to the Company&#146;s Initial Filing. The EV </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
program is not part of the Company&#146;s energy efficiency program. The Company shall recover actual rebate costs through the Company&#146;s External Delivery Charge, Schedule EDC. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">7.1.1</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Company shall perform an alternative metering feasibility assessment in connection with its residential EV
TOU rate and infrastructure offering. Unitil shall file a report with the results of its proposed alternative metering feasibility assessment pilot once at least 50 customers have enrolled and at least six months of usage data has been collected
from those 50 customers. The Settling Parties further agree to review data and analysis from Unitil&#146;s alternative metering feasibility assessments pilot once completed, and shall then hold a technical session to consider pilot expansion or full
program offerings. The Company shall notify the Commission and Parties when 50 customers have been enrolled. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.2&nbsp;&nbsp;&nbsp;&nbsp;The Company shall implement a public &#147;make ready&#148; electric vehicle infrastructure program as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">7.2.1&nbsp;&nbsp;&nbsp;&nbsp;The Company shall provide make-ready infrastructure to support up to four third party owned and operated Direct
Current Fast Charging (&#147;DCFC&#148;) stations in its service territory with approximately six DCFC plugs / ports at each respective station site. The Company shall recover the cost of DCFC make-ready investments via a regulatory asset in a
future rate case, with balances accruing carrying charges at the monthly Prime Rate. There shall be no revenue offset to the balances. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">7.2.2&nbsp;&nbsp;&nbsp;&nbsp;The Company shall provide make-ready infrastructure to support up to twenty (20)&nbsp;third party owned and
operated Level&nbsp;2 public charging sites in its service territory with approximately ten third party owned and operated Level&nbsp;2 plugs / ports at each respective site. The Company may also provide make-ready infrastructure to support third
party owned and operated Level&nbsp;2 pole-mounted chargers, with a <FONT STYLE="white-space:nowrap">non-binding</FONT> target of up to twenty chargers. These pole-mounted chargers shall be in addition to the 20 Level&nbsp;2 public charging sites
cited above. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">The Company shall recover the cost of Level&nbsp;2 make-ready investments via a regulatory
asset in a future rate case, with balances accruing carrying charges at the monthly Prime Rate. There shall be no revenue offset to the balances. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">7.2.3&nbsp;&nbsp;&nbsp;&nbsp;The Company may spend up to $2,362,000 to provide the make-ready infrastructure described above, with spending
limits for each category of infrastructure as follows: $572,000 for DCFC stations; $1,540,000 for Level&nbsp;2 public charging sites; and $250,000 for pole-mounted Level&nbsp;2 charging sites. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">7.3&nbsp;&nbsp;&nbsp;&nbsp;The Company may spend up to $300,000 to implement the proposed EV and TOU Marketing, Communications, and Education Plan over five
years, as set forth in Exhibit <FONT STYLE="white-space:nowrap">CSV-1</FONT> to the Company&#146;s Initial Filing. The Company shall recover these costs through the Company&#146;s External Delivery Charge, Schedule EDC. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 8. STORM RESILIENCY PROGRAM AND VEGETATION MANAGEMENT PLAN </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">8.1&nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree the total amount of funding in base rates for the Vegetation Management Program (&#147;VMP&#148;),
Reliability Enhancement Program (&#147;REP&#148;), and the Storm Resiliency Program (&#147;SRP&#148;) shall be $5,275,666 (total utility costs less anticipated third party reimbursements),<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> until
changed in a future base distribution rate case. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">8.1.1</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Settling Parties agree that the Company shall continue the SRP until the Company&#146;s next base
distribution rate case filing, at which time the SRP shall be reviewed for continuation. The amount of funding in the base rates allocated to the SRP beginning in 2023 shall be reduced by $384,690 to a funding level of $1,081,000, until changed in a
future base distribution rate case. The reduction in funding shall be effective January 1, 2023 and included through the EDC reconciliation process. </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">See Settlement Attachment 15. </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="7%" VALIGN="top" ALIGN="left">8.1.2</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Settling Parties agree that within six months of the Commission&#146;s approval of this Settlement
Agreement Unitil, the DOE, and the OCA shall confer to develop metrics to measure the annual benefits of the SRP and a form of report to convey the results of the metrics on an annual basis. The annual report shall be filed with the DOE, OCA, and
the Commission and may be used to evaluate the continuation of the SRP in the Company&#146;s next base distribution rate case. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 9. ARREARAGE MANAGEMENT PROGRAM </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.1&nbsp;&nbsp;&nbsp;&nbsp; Arrearage Management Program. The Company&#146;s initial testimony proposed establishing an Arrearage Management Program
(&#147;AMP&#148;) as described by Company witness Carole A. Beaulieu in a manner similar to that implemented by Public Service Company of New Hampshire d/b/a Eversource Energy (&#147;Eversource&#148;) in Docket No. DE
<FONT STYLE="white-space:nowrap">19-057.</FONT> The Settling Parties agree that Unitil shall implement the AMP, as described below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.2.&nbsp;&nbsp;&nbsp;&nbsp; The AMP shall be open to all customers coded as &#147;financial hardship&#148; consistent with the Commission&#146;s Puc 1200
Rules. Those financial hardship customers shall be deemed eligible for the AMP if they have past due balances of $150 or greater, 60 days or more past due. For customers enrolled in, and complying with, the AMP, the Company shall forgive up to $400
per month, for a maximum annual arrearage forgiveness of $4,800. Customers who successfully complete the program, and who still have a remaining past due balance, may <FONT STYLE="white-space:nowrap">re-enroll</FONT> immediately and shall not be
subject to a waiting period before a new enrollment. Following successful completion of the program, the Company shall automatically enroll customers in a budget payment plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.3&nbsp;&nbsp;&nbsp;&nbsp; The Company shall submit a report at least one month prior to the commencement of the AMP, and no later than April&nbsp;1 each
year thereafter. The report shall include the metrics included in Settlement Attachment 13. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">9.4 &nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties acknowledge that the Company is likely to incur incremental
costs, including incremental personnel costs, to implement the AMP. Pursuant to this Settlement Agreement, the Settling Parties agree that the Company&#146;s base rates shall include $440,118<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> in
annual revenue attributable to the implementation of the AMP, which consists of the following components: AMP full time employee cost (allocated), $65,118 and annual AMP forgiveness amount, $375,000. The Settling Parties agree that the Company shall
track the actual costs of implementing the AMP, including both program and personnel costs, and shall reconcile any amounts over or under $440,118 through the EDC on an annual basis; beginning with the EDC to be proposed for effect August&nbsp;1,
2022. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 10. RECOUPMENT AND RATE CASE EXPENSE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10.1 &nbsp;&nbsp;&nbsp;&nbsp;Recoupment: For purposes of this Settlement Agreement, &#147;Recoupment&#148; is the difference between distribution revenue at
temporary rates and permanent rates over the <FONT STYLE="white-space:nowrap">10-month</FONT> period June&nbsp;1, 2021 through March&nbsp;31, 2022. The Company shall recover the Recoupment amount over one year within Schedule EDC through the
External Delivery Charge, a uniform rate per kWh, in the Company&#146;s next scheduled EDC rate change effective August&nbsp;1, 2022. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">10.2
&nbsp;&nbsp;&nbsp;&nbsp;Rate Case Expenses: The Settling Parties agree that the Company may recover the just and reasonable rate case expenses incurred by the Company in the preparation and presentation of its filing, and the regulatory proceeding
expenses incurred by the Commission, DOE, and the OCA and charged to the Company in this docket. These expenses shall be recovered over one year within Schedule EDC through the External Delivery Charge, a uniform rate per kWh, in the Company&#146;s
next scheduled EDC rate change effective August&nbsp;1, 2022. On or before May&nbsp;1, 2022, Unitil shall file with the Commission for its review and approval the final actual amount of rate case expenses. </P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">See to Settlement Attachment 01, Schedule
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">RevReq-3-14</FONT></FONT> Revised. </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 11. MISCELLANEOUS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.1 &nbsp;&nbsp;&nbsp;&nbsp;Working Capital, External Delivery Charge: The Settling Parties agree that Unitil shall calculate its working capital requirement
for costs included in the External Delivery Charge (effective August&nbsp;1, 2022) using a detailed <FONT STYLE="white-space:nowrap">lead-lag</FONT> study in Unitil&#146;s Annual Stranded Cost and EDC Rate Filings, which the Company shall update
based on prior calendar year lead-/lag results in each annual filing, and until changed by order of the Commission. The Settling Parties further agree that the <FONT STYLE="white-space:nowrap">lead-lag</FONT> days shall be calculated separately for
both transmission costs and other flow-through operating expenses excluding transmission costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.2&nbsp;&nbsp;&nbsp;&nbsp; COVID-Related Waived Late
Payment Fees: Pursuant to Order No.&nbsp;26,515 (September 7, 2021) in Docket No. IR <FONT STYLE="white-space:nowrap">20-089,</FONT> the Commission concluded that utilities would be permitted to use &#147;accounting mechanisms&#148; to defer costs
pertaining to the <FONT STYLE="white-space:nowrap">COVID-19</FONT> public health emergency for later recovery. Consistent with that authorization, the Settling Parties agree that Unitil shall be permitted to recover $386,957<SUP
STYLE="font-size:85%; vertical-align:top">4</SUP> in <FONT STYLE="white-space:nowrap">COVID-19</FONT> related costs relating to expenses from calendar year 2020 by including those costs in its next Schedule EDC through the External Delivery Charge,
a uniform rate per kWh, in the Company&#146;s next scheduled EDC rate change effective August&nbsp;1, 2022. The Settling Parties further agree that Unitil shall not recover any <FONT STYLE="white-space:nowrap">COVID-19</FONT> related waived late
payment fees for the period January through March&nbsp;31, 2021. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.3 &nbsp;&nbsp;&nbsp;&nbsp;Bad Debt: In its initial testimony, the Company noted that
due to the <FONT STYLE="white-space:nowrap">COVID-19</FONT> pandemic, the 2020 test year was not representative of an accurate level of bad debt. Accordingly, the Company proposed to use 2019 as a representative year for establishing an appropriate
level of bad debt expense. The Settling Parties agree that the Company shall use the 2019 calendar year write off rate of 0.64&nbsp;percent for calculating the level of bad debt expense included in the Company&#146;s revenue requirement. </P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">4</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">See Bates 117 of the Company&#146;s initial filing, Line 10. </P></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.4 &nbsp;&nbsp;&nbsp;&nbsp;Matter Communications (Formerly Calypso) Invoices: The Company had deferred
certain costs relating to the work of Matter Communications s part of the Major Storm Cost Reserve Fund reports for 2017, 2018, 2019, and 2020. The Settling Parties agree that the Company may recover $73,160<SUP
STYLE="font-size:85%; vertical-align:top">5</SUP> of deferred costs pertaining to Calypso in its next Schedule EDC through the External Delivery Charge, a uniform rate per kWh, in the Company&#146;s next scheduled EDC rate change effective
August&nbsp;1, 2022. The Settling Parties further agree that a normalized amount of $18,290, shall be considered media and communication expenses included in the Company&#146;s permanent revenue requirement to account for these costs in the future.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.5 &nbsp;&nbsp;&nbsp;&nbsp;Wheeling Revenue: Included in the Company&#146;s test year were $49,952 of incremental revenue associated with a wheeling
arrangement that terminated on April&nbsp;20, 2021. The Company proposed to reconcile those revenues with actual wheeling revenues annually through the EDC. The DOE recommended that the wheeling revenue be removed from the Company&#146;s revenue
requirement and that any wheeling revenue actually received be reconciled through the EDC. The Settling Parties agree that the wheeling revenue in the Company&#146;s revenue requirement shall be adjusted as proposed by the DOE and that the $49,952
has been removed from the Company&#146;s revenue requirement. The Settling Parties agree that any wheeling revenue received by the Company shall be reconciled annually through the EDC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.6 &nbsp;&nbsp;&nbsp;&nbsp;Property Taxes: In Order No.&nbsp;26,500 (July 29, 2021) in Docket No. DE <FONT STYLE="white-space:nowrap">21-069,</FONT> the
Commission approved the Company&#146;s proposed method for reconciliation of local property taxes consistent with the authority in RSA <FONT STYLE="white-space:nowrap">72:8-e.</FONT> Consistent with that approval, and as described in the
Company&#146;s testimony, the Settling Parties agree that the </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">5</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">See Bates 16 of DOE witness Elizabeth R. Nixon, Line 4. </P></TD></TR></TABLE>
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<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
 20
 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Company has included an amount of $6,218,640 in base rates attributable to local property taxes. Further, the
Settling Parties agree that any reconciliation of the authorized property tax amounts shall occur annually through the EDC, consistent with Order No.&nbsp;26,500. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.7 &nbsp;&nbsp;&nbsp;&nbsp;Concord Downtown Conversion Project Load Reporting: The Company will provide an annual report to the DOE by April 1<SUP
STYLE="font-size:85%; vertical-align:top">st</SUP> each year until the next rate case is filed on load added in connection with the Concord Downtown Conversion project. This reporting obligation shall remain in place until the Company&#145;s next
rate case is concluded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.8 &nbsp;&nbsp;&nbsp;&nbsp;Regulatory Assessment: Currently, the Company collects regulatory assessment fees in base rates,
through its EDC mechanism, and $10,000 through default service rates. The Settling Parties agree that the Company shall move the amounts presently recovered through the EDC to base rates and that it shall use the EDC only to reconcile any amounts
over or under the amount in base rates, less the $10,000 included in default service. Accordingly, the Settling Parties agree that the Company&#146;s revenue requirement reflects a total regulatory assessment of $1,004,038 and that reconciliations
of any deviation from that amount, less amounts included in default service, shall be recovered through the EDC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.9 &nbsp;&nbsp;&nbsp;&nbsp;Excess
Accumulated Deferred Income Taxes: The Company&#146;s revenue requirement includes the flowback of $999,795 of annual Excess Accumulated Deferred Income Tax until the Company&#146;s next base distribution rate case filing, at which time the flowback
amount shall be reviewed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.10 &nbsp;&nbsp;&nbsp;&nbsp;Excess Accumulated Deferred Income Tax from 2018-2020 in the amount of $2,644,590 (see Bates 1301
of the Company&#146;s Initial Filing, Col. d, Lines 1,2 and 3), shall be returned to customers through the EDC over a three year period, starting on August&nbsp;1, 2022. </P>
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<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
 21
 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.11 &nbsp;&nbsp;&nbsp;&nbsp;Depreciation: The Settling Parties agree that the Company shall use updated
whole-life rates for book depreciation purposes as reflected in Settlement Attachment 14. The Parties agree that the Company shall amortize the reserve variance over six years at an annual amount of ($1,275,454) as reflected in Settlement Attachment
14. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">11.12 &nbsp;&nbsp;&nbsp;&nbsp;Active Hardship Protected Accounts: The Settling Parties agree that nothing in this Settlement Agreement shall preclude
the Company, or any other party, from requesting that the Commission open a proceeding for review of AHPA. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 12. GENERAL PROVISIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.1 &nbsp;&nbsp;&nbsp;&nbsp;This Settlement Agreement is expressly conditioned upon the Commission&#146;s acceptance of all its provisions, without change or
condition. If the Commission does not accept this Settlement Agreement in its entirety, without change or condition, or if the Commission makes any findings that go beyond the scope of this Settlement Agreement, and any of the Settling Parties does
not agree with the changes, conditions or findings, this Settlement Agreement shall be deemed to be withdrawn and shall not constitute any part of the record in this proceeding and shall not be used for any other purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.2 &nbsp;&nbsp;&nbsp;&nbsp;Under this Settlement Agreement, the Settling Parties agree to this joint submission to the Commission, which represents a
compromise and liquidation of all issues in this proceeding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.3 &nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree that the Commission&#146;s
acceptance of this Settlement Agreement does not constitute continuing approval of, or precedent for, any particular issue in this proceeding other than those specified herein. Acceptance of this Settlement Agreement by the Commission shall not be
deemed to constrain the Commission&#146;s exercise of its authority to promulgate future orders, regulations or rules that resolve similar matters affecting other parties in a different fashion. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
 22
 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.4 &nbsp;&nbsp;&nbsp;&nbsp;This Settlement Agreement shall not be deemed an admission by any of the
Settling Parties that any allegation or contention in this proceeding by any other party, other than those specifically agreed to herein, is true and valid. This Settlement Agreement shall not be construed to represent any concession by any Settling
Party hereto regarding positions taken with respect to Unitil&#146;s permanent rate request in this docket, nor shall this Settlement Agreement be deemed to foreclose any Settling Party in the future from taking any position in any subsequent
proceedings. The revenue requirement amounts associated with each of the rate adjustments detailed herein are liquidated amounts that reflect a resolution of all the issues in this proceeding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.5 &nbsp;&nbsp;&nbsp;&nbsp;The Settling Parties agree that all <FONT STYLE="white-space:nowrap">pre-filed</FONT> testimony and supporting documentation
should be admitted as full exhibits for the purpose of consideration of this Settlement Agreement and be given whatever weight the Commission deems appropriate. Consent by the Settling Parties to admit all
<FONT STYLE="white-space:nowrap">pre-filed</FONT> testimony without challenge does not constitute agreement by any of the Settling Parties that the content of the <FONT STYLE="white-space:nowrap">pre-filed</FONT> testimony is accurate or that the
views of the witnesses should be assigned any particular weight by the Commission. The resolution of any specific issue in this Settlement Agreement does not indicate the Settling Parties&#146; agreement to such resolution for purposes of any future
proceedings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.6 &nbsp;&nbsp;&nbsp;&nbsp;The rights conferred and the obligations imposed on the Settling Parties by this Settlement Agreement shall be
binding on or inure to the benefit of any successors in interest or assignees as if such successor or assignee was itself a signatory party. The Settling Parties agree to cooperate in advocating that this Settlement Agreement be approved by the
Commission in its entirety and without modification. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.7 &nbsp;&nbsp;&nbsp;&nbsp;This Settlement Agreement is the product of confidential settlement
negotiations. The content of these negotiations, including any documents prepared during such negotiations for the purpose of reaching a settlement, shall be privileged and all offers of settlement shall be without prejudice to the position of any
party presenting such offer. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
 23
 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12.8 &nbsp;&nbsp;&nbsp;&nbsp;This Settlement Agreement may be executed in multiple counterparts, which
together shall constitute one agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 13. CONCLUSION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13.1 &nbsp;&nbsp;&nbsp;&nbsp;The Parties affirm that Commission approval of the proposed Settlement Agreement is in the public interest and will result in just
and reasonable rates and should be approved. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NEW HAMPSHIRE DEPARTMENT OF ENERGY </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="46%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="28%"></TD>

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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: <I><U>/s/ Paul B. Dexter</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Dated:&nbsp;February&nbsp;11,&nbsp;2022</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Paul B. Dexter, Esq.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Staff Attorney</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">NEW HAMPSHIRE OFFICE OF THE CONSUMER ADVOCATE</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: <I><U>/s/ Donald M. Kreis </U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Dated:&nbsp;February&nbsp;11,&nbsp;2022</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Donald M. Kreis, Esq.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Consumer Advocate</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">UNITIL ENERGY SYSTEMS, INC.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: <U>/s/ <I>Patrick H. Taylor </I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Dated:&nbsp;February&nbsp;11,&nbsp;2022</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Patrick Taylor, Esq.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chief Regulatory Counsel</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">DE 21-030 Unitil Distribution Rate Case </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Settlement Agreement </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"> Page
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 of 24 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD WIDTH="28%"></TD>

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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD></TR>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">CHARGEPOINT, INC.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: <I><U>/s/ Nikhil Vijaykar </U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Dated:&nbsp;February&nbsp;11,&nbsp;2022</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Nikhil Vijaykar, Esq.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Attorney for ChargePoint, Inc.</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Keyes&nbsp;&amp; Fox LLP</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">580 California St., 12<SUP
STYLE="font-size:85%; vertical-align:top">th </SUP>Floor</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">San Francisco, CA 94104</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">NEW HAMPSHIRE DEPARTMENT OF ENVIRONMENTAL SERVICES</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD HEIGHT="16"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: <I><U>/s/ Craig A. Wright </U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Dated:&nbsp;February&nbsp;11,&nbsp;2022</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Craig A. Wright</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Director, Air Resources Division</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">CLEAN ENERGY NEW HAMPSHIRE</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By: <I><U>/s/ Chris Skoglund </U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Dated:&nbsp;February&nbsp;11,&nbsp;2022</TD>
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<TD VALIGN="top">Christopher Skoglund</TD>
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<TD VALIGN="top">Director of Energy Transition</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Clean Energy NH</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">14 Dixon Ave, Suite
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<TD VALIGN="top">Concord, NH 03301</TD>
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<TYPE>EX-101.SCH
<SEQUENCE>5
<FILENAME>utl-20220512.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
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  xmlns:num="http://www.xbrl.org/dtr/type/numeric"
  xmlns:us-types="http://fasb.org/us-types/2021-01-31"
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  xmlns:dei="http://xbrl.sec.gov/dei/2021"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
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    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/numeric" />
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        <link:usedOn>link:presentationLink</link:usedOn>
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>utl-20220512_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
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<link:linkbase
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  xmlns:xlink="http://www.w3.org/1999/xlink"
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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
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    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation State Country Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
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    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
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    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security 12b Title</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security 12b Title</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
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    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>utl-20220512_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20220115.12 -->
<!-- Creation date: 5/18/2022 10:59:13 PM Eastern Time -->
<!-- Copyright (c) 2022 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
    xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://unitil.com//20220512/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="utl-20220512.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:presentationLink xlink:type="extended" xlink:role="http://unitil.com//20220512/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityRegistrantName" order="22.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_AmendmentFlag" order="23.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityCentralIndexKey" order="24.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentType" order="26.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentPeriodEndDate" order="27.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityIncorporationStateCountryCode" order="28.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityFileNumber" order="29.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityTaxIdentificationNumber" order="30.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressAddressLine1" order="31.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressCityOrTown" order="32.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressStateOrProvince" order="33.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressPostalZipCode" order="34.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_CityAreaCode" order="35.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_LocalPhoneNumber" order="36.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_WrittenCommunications" order="37.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SolicitingMaterial" order="38.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementTenderOffer" order="39.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementIssuerTenderOffer" order="40.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_Security12bTitle" order="41.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_TradingSymbol" order="42.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SecurityExchangeName" order="43.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2021/dei-2021.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityEmergingGrowthCompany" order="44.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.22.1</span><table class="report" border="0" cellspacing="2" id="idm140385006797512">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>May 12, 2022</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">UNITIL CORP<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000755001<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 12,  2022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">NH<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-8858<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">02-0381573<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">6 Liberty Lane West<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Hampton<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NH<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">03842-1720<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(603)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">772-0775<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre Commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre Commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Common Stock, no par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">UTL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
