[Federal Register Volume 64, Number 19 (Friday, January 29, 1999)]
[Notices]
[Page 4728]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-2105]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-26968]


Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

January 22, 1999.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated under the Act. All interested persons are referred to the 
application(s) and/or declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendments is/are available for public 
inspection through the Commission's Office of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by February 16, 1999, to the Secretary, Securities and Exchange 
Commission, Washington, D.C. 20549, and serve a copy on the relevant 
applicant(s) and/or declarants(s) at the address(es) specified below. 
Proof of service (by affidavit or, in case of an attorney at law, by 
certificate) should be filed with the request. Any request for hearing 
should identify specifically the issues of fact or law that are 
disputed. A person who so requests will be notified of any hearing, if 
ordered, and will receive a copy of any notice or order issued in the 
matter. After February 16, 1999, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Unitil Corporation (70-9429)

    Until Corporation (``Unitil''), 6 Liberty Lane West, Hampton, New 
Hampshire 03833, a registered holding company, has filed a declaration 
under sections 6(a) and 7 of the Act and rule 54 under the Act.
    The Unitil board of directors has adopted the Unitil Corporation 
1998 stock option plan (``Plan''). Unitil proposes to grant stock 
options (``Stock Options'') through March 1, 2004 under the Plan to 
certain employees and directors, for the purchase of up to 350,000 
shares of Unitil common stock (``Common Stock''). In addition, Unitil 
proposes to issue and sell up to 350,000 shares of Common Stock through 
March 1, 2004 upon the exercise of Stock Options.
    The purpose of the Plan is to provide an incentive to key employees 
and directors of Unitil and its affiliates who are in a position to 
contribute materially to the long-term success of Unitil and/or its 
affiliates, to increase their interest in the welfare of Unitil and its 
affiliates and to attract and retain employees and directors of 
outstanding ability. A committee (``Committee''), made up of Unitil 
board members, will administer the Plan. The Committee will have 
authority to interpret the Plan and to designate the recipients of the 
Stock Options.
    Stock Options granted under the Plan will entitle the holders of 
those options to purchase up to the number of shares of Common Stock 
specified in the grant at a price established by the Committee. Under 
the Plan, Stock Options for shares constituting not more than five 
percent of the Common Stock may be issued in any one year.

    For the Commission by the Division of Investment Management, 
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-2105 Filed 1-28-99; 8:45 am]
BILLING CODE 8010-01-M