Management Audit on Unitil Released, Management Sound (UTL)

Unitil Corporation UTL today announces that Jacobs Consultancy has submitted to the Massachusetts Department of Public Utilities its independent Management Audit Report regarding the management of Fitchburg Gas and Electric Light Company Unitil, including the management practices of Unitil Corporation.  The Audit Report found Unitil's management practices to be comprehensive, sound and in-line with industry practice. It also included sixteen recommendations intended to further improve the results of Unitil's management strategy, and acknowledged that many of these recommendations were already being implemented by the Company.