Alex [Analyst]'s questions to Unitil Corp (UTL) leadership • Q4 2024
Question
Alex, on behalf of Shar, inquired about the strategy and timeline for the upcoming Unitil Energy Systems (UES) rate case, including potential customer bill impacts, and also asked about the timing and methods for future equity issuances outlined in the 5-year capital plan.
Answer
Chairman and CEO Tom Meissner stated that the UES rate case filing is anticipated in the second quarter of 2025, driven by an earned ROE that is below the allowed rate. He noted that specific customer bill impacts are not yet determined. Regarding financing, Meissner highlighted the company's strong balance sheet and increased credit facility, clarifying that while the long-term plan anticipates equity, there are no immediate plans for an issuance.