[Federal Register Volume 66, Number 12 (Thursday, January 18, 2001)]
[Notices]
[Page 4867]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-1404]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-27336; 70-9633]


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

January 11, 2001.
    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 amendment(s) is/are available for public 
inspection through the Commission's Branch 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 2, 2001, to the Secretary, Securities and Exchange 
Commission, Washington, DC 20549-0609, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in the case of an attorney at law, 
by certificate) should be filed with the request. Any request for 
hearing should identify specifically the issues of facts 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 2, 2001, the application(s) and/or 
declaration(s), as filed or as amended, may be granted and/or permitted 
to become effective.

Unitil Corporation, et al. (70-9633)

    Unitil Corporation (``Unitil''), a registered holding company, and 
its subsidiary companies, Concord Electric Company, Exeter & Hampton 
Electric Company, Fitchburg Gas and Electric Light Company 
(``Fitchburg''), Unitil Power Corp., Unitil Realty Corp., Unitil 
Resources, Inc. and Unitil Services Corp. (collectively, 
``Subsidiaries'' and, together with Unitil, ``Applicants''), all 
located at 6 Liberty Lane West, Hampton, New Hampshire 03842-1720, have 
filed a post-effective amendment under sections 6(a), 7, 9(a), 10 and 
12(b) of the Act and rules 43 and 45 under the Act, to a previously 
filed application-declaration.
    By orders dated June 30, 1997, June 9, 2000, and December 15, 2000 
(HCAR Nos. 26737, 27182, and 27307, respectively) (``Prior Orders''), 
the Commission authorized through June 30, 2003 (``Authorization 
Period''): (1) The Applicants to make unsecured short-term borrowings 
and to operate a system money pool (``Money Pool''); (2) Unitil to 
incur short-term borrowings from banks in an aggregate amount not to 
exceed $35 million (``Unitil Borrowing Authority''); and (3) Fitchburg 
to incur short-term borrowings from third parties and the other 
Applicants through the Money Pool in an aggregate amount not to exceed 
$20 million (``Fitchburg Borrowing Authority'').
    Applicants seek approval through the Authorization Period to 
increase: (1) the Unitil Borrowing Authority to $45 million and (2) the 
Fitchburg Borrowing Authority to $30 million. Applicants state that the 
requested increases in Unitil Borrowing Authority and Fitchburg 
Borrowing Authority will remain subject to the parameters as set forth 
in the Prior Orders.
    Applicants state that the prices Unitil's subsidiaries, Unitil 
Power and Fitchburg, pay for wholesale electric and natural gas energy 
commodities have become unpredictably volatile. According to 
Applicants, the prices have risen sharply, putting a heavy strain on 
Unitil's working capital and significantly increasing its short-term 
borrowing requirements. Applicants state that the requested 
authorization is necessary to satisfy the cost of their wholesale 
energy obligations.

    For the Commission by the Division of Investment Management, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 01-1404 Filed 1-17-01; 8:45 am]
BILLING CODE 8010-01-M