financetom
Business
financetom
/
Business
/
Unitil Completes $86 Million Purchase of Maine Natural Gas
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Unitil Completes $86 Million Purchase of Maine Natural Gas
Oct 31, 2025 2:06 PM

04:52 PM EDT, 10/31/2025 (MT Newswires) -- Unitil ( UTL ) completed its $86 million acquisition of Maine Natural Gas from Avangrid Enterprises, following regulatory approval from the Maine Public Utilities Commission.

Maine Natural serves 6,300 natural gas customers across nine communities in the Greater Portland area and Augusta, operating 230 miles of distribution mains, Unitil ( UTL ) said Friday in a statement.

With the acquisition, Unitil ( UTL ) now serves 213,300 customers across Maine, New Hampshire, and Massachusetts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
OneMove Lifted Ownership and Control Over Shares of Sylogist
OneMove Lifted Ownership and Control Over Shares of Sylogist
Mar 25, 2026
06:16 AM EDT, 03/25/2026 (MT Newswires) -- OneMove Capital announced overnight Tuesday that it acquired ownership and control over 998,963 common shares of Sylogist Ltd. ( SYZLF ) , a public sector SaaS company, on March 24, 2026, related to purchases made through the facilities of the Toronto Stock Exchange at an average price of $3.7987 per common share, for...
Market Chatter: Ryanair, Lufthansa Pause Jet Fuel Hedging as Iran War Drives Price Surge
Market Chatter: Ryanair, Lufthansa Pause Jet Fuel Hedging as Iran War Drives Price Surge
Mar 25, 2026
06:24 AM EDT, 03/25/2026 (MT Newswires) -- Ryanair ( RYAOF ) and Lufthansa have paused new jet fuel hedging after prices surged following the Iran conflict, as European airlines bet costs would ease later this year, the Financial Times reported Wednesday. Ryanair ( RYAOF ) Chief Executive Michael O'Leary told the publication that the carrier was unlikely to lock in...
Japan's Inpex to acquire stakes in Australia's Beetaloo shale
Japan's Inpex to acquire stakes in Australia's Beetaloo shale
Mar 25, 2026
March 25 - Japanese oil and gas producer Inpex ( IPXHF ) said on Wednesday its Australian unit has signed a farm-in deal with Daly Waters Energy to buy stakes in the Beetaloo shale basin in Australia's Northern Territory. * Inpex ( IPXHF ) will buy an 11.25% stake in the First Strategic Development Area (FSDA) North and FSDA South,...
FOCUS-Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze
FOCUS-Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze
Mar 25, 2026
* Delta's refinery ownership mitigates rising jet fuel costs * Jet fuel prices rise faster than crude oil * Other airlines face higher costs, explore different fuel options By Rajesh Kumar Singh CHICAGO, March 25 (Reuters) - When Delta Air Lines bought an aging refinery outside Philadelphia in 2012, the move looked unusual. Most carriers buy jet fuel from suppliers....
Copyright 2023-2026 - www.financetom.com All Rights Reserved