Electric Default Rates to Decrease for Medium/Large Businesses.HAMPTON, N.H. -- Unitil today filed electric Default Service rates with the Massachusetts Department of Telecommunications and Energy (MDTE MDTE Massachusetts Department of Telecommunications and Energy ), for medium to large business customers, for the three month period beginning September 1, 2004. The proposed rates represent a decrease ranging from 4.5%-6.6%, based on usage and rate class. The rate change is driven by a decline in the cost of energy supply. Residential and Small Business customers will not be affected as Default Service for these customers is procured every six months - their rates will change as of December 1, 2004. Electric Default service is designed to ensure that no one will ever be without a supplier of electricity. Electric Default Service is procured pursuant to state regulation in a highly competitive power supply solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual process every six months for residential and small business customers, and every three months for medium and large business customers. The resulting rates reflect current market prices for electricity without any profit or markup (text) markup - In computerised document preparation, a method of adding information to the text indicating the logical components of a document, or instructions for layout of the text on the page or other information which can be interpreted by some automatic system. to Unitil. Approximately 45% of Unitil's electric customers are on Default Service. Customers who have their own energy supplier or who take Standard Offer Service are not affected by changes in electric Default Service rates. Unitil Corporation (AMEX AMEX See: American Stock Exchange :UTL UTL Utility UTL Universidade Técnica de Lisboa (Portugal) UTL University of Toronto Libraries (Canada) UTL Unable To Locate UTL Universal Task List UTL Upper Tolerance Limit UTL Unit Transmittal Letter ) at www.unitil.com is a public utility holding company with subsidiaries providing electric service in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , electric and gas service in Massachusetts and energy services throughout the Northeast. |
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