On January 2, 2009 Unitil Corporation entered into an amendment to its $60 million, 364-day revolving credit facility with Bank of America, as administrative agent, and a syndicate of lenders, which was originally entered into on November 26, 2008.

The amendment eliminates limitations on Unitil's ability to draw down the full $60 million in commitments under the facility and changes the up-front fees payable to the lenders in respect of their commitments under the facility. Except as expressly amended by the amendment, all other terms and conditions of the credit facility remain in full force and effect.

The foregoing description of the amendment to the credit facility is qualified in its entirety by reference to the full text of the amendment, which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K.

On December 11, 2008 a severe ice storm hit the Northeast creating massive extended power outages for many residents of Massachusetts and New Hampshire, including Unitil's electric customers in New Hampshire and the greater Fitchburg, Massachusetts service area. The Massachusetts Department of Public Utilities has issued an Order of Notice opening an investigation into all the state utilities' response to the ice storm and state lawmakers have announced their intention to conduct their own independent investigation. In addition, the New Hampshire's Public Utilities Commission and state lawmakers have also indicated that they intend to conduct independent reviews related to the state utilities' response to the ice storm. Management is currently assessing the impact of this severe storm and the rate recovery of the costs incurred to complete the restoration effort. Based on its preliminary assessment, the Company estimates that it will incur approximately $10 million in costs for the replacement of electric distribution system property, plant and equipment damaged during the storm. Management does not believe these storm restoration expenditures and the timing of cost recovery will have a material adverse impact on the Company's financial condition or results of operations.

(d) Exhibits

Exhibit No.    Description



    10.1    Amendment Agreement dated as of January 2, 2009 to the Credit
            Agreement dated as of November 26, 2008.