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Unitil completes acquisition of Maine Natural Gas from Avangrid
Unitil announced the completion of its acquisition of Maine Natural Gas Company from Avangrid. This strategic move expands Unitil's service footprint, incorporating approximately 6,300 natural gas customers across nine communities in the Greater Portland region of Maine and the capital city of Augusta.
This deal not only strengthens Unitil's market presence in Maine but also underscores its commitment to enhancing energy solutions and customer service in these regions. By acquiring Maine Natural Gas, Unitil aims to leverage operational efficiencies and deliver enhanced service quality to its new customer base.
The acquisition comes as Unitil continues to prioritize both community engagement and infrastructure reliability in Maine. This approach aligns with prior initiatives, including efforts to keep the Back Cove Trail open at Tukey Bridge for Portland residents, ensuring uninterrupted public access during utility operations. Additionally, Unitil’s emphasis on operational excellence is underscored by its adoption of advanced safety measures, such as the pigging technique to ensure pipeline safety, reflecting the company’s ongoing commitment to maintaining secure and dependable service as it broadens its reach in the region.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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