Unitil to pay $71 million for Bangor-area natural gas company

PORTLAND PRESS HERALD • July 9, 2024

Unitil Corp., Maine’s largest natural gas provider, announced Tuesday that it’s paying $70.9 million for Bangor Natural Gas Co., expanding its customer base in the state by nearly one-fourth. The acquisition could save money for ratepayers by consolidating Maine’s relatively small natural gas industry, the state Public Advocate said. It would leave three natural gas companies operating in Maine.