UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549



____________________________________________________________________________

Application of Unitil Corporation         )
                                          )       CERTIFICATE PURSUANT TO
and its Subsidiaries on Form U-1          )       RULE 24 UNDER THE PUBLIC
                                          )       UTILITY HOLDING COMPANY ACT
(File No. 70-9053)                        )       of 1935

____________________________________________________________________________


	Pursuant to the requirements of Rule 24 under the Public Utility
Holding Company Act of 1935, Unitil Corporation ("Unitil"), on behalf of
itself and its subsidiaries, Concord Electric Company, Exeter & Hampton
Electric Company, Fitchburg Gas and Electric Light Company, Unitil Power
Corp., Unitil Realty Corp., Unitil Resources Inc. and Unitil Service Corp.,
hereby files the attached quarterly report as required by the Securities and
Exchange Commission's order approving short-term borrowings by Unitil and
its subsidiaries and approving the Unitil System money pool (HCAR. No. 25773;
File No. 70-8066, March 29, 1993; File No. 70-8623, July 11, 1995; File No.
70-9053, June 30, 1997).



Exhibit

Exhibit A -	Quarterly Report of Unitil Corporation and Its Subsidiaries
                by Short-term Borrowings and Money Pool Transactions for the
                fourth quarter of 1998.













                                  SIGNATURE






	Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, the undersigned company has duly caused this Certificate to be
signed on its behalf by the undersigned thereunto duly authorized.




                                         UNITIL CORPORATION




                               By:        /s/ Mark H. Collin                 
                                              Mark H. Collin
                                              Treasurer


Dated:  January 18, 1999




















				EXHIBIT  A
   QUARTERLY REPORT BY UNITIL CORPORATION AND ITS SUBSIDIARIES OF SHORT-TERM
     BORROWINGS AND MONEY POOL TRANSACTIONS FOR THE FOURTH QUARTER OF 1998
				
				
				
				
				
				
				
                                     Concord     Exeter & Hampton   Fitchburg
                       Unitil        Electric    Electric        Gas & Electric
                    Corporation      Company     Company          Light Company
				
(a)				
Maximum Principal Amount				
of Short-term Borrowings				
Outstanding During the				
Quarter:				
     Money Pool             N/A     $3,873,572      $3,056,827      $19,560,543
     Banks          $20,000,000         None            None            None
                                                               
(b)				
Average Interest Rate for				
the Money Pool Borrowings				
During the Quarter*         N/A       5.57%            5.60%           5.52%
				
(c)				
Maximum Amount Outstanding				
By Company for Each Source				
of Outside Borrowings				
During the Quarter:				
  Bank of Boston     $13,000,000       None            None            None
  Fleet Bank - NH    $ 7,000,000       None            None            None
  State Street Bank  $         0       None            None            None
  Citizens Bank      $         0       None            None            None
				
* Excludes Bank Service and Commitment Fees				




				EXHIBIT A
   QUARTERLY REPORT BY UNITIL CORPORATION AND ITS SUBSIDIARIES OF SHORT-TERM
     BORROWINGS AND MONEY POOL TRANSACTIONS FOR THE FOURTH QUARTER OF 1998
				
				
				
				
				
                          UNITIL         UNITIL        UNITIL         UNITIL
                          Power          Realty        Service       Resources
                          Corp.          Corp.         Corp.           Inc.
				
(a)				
Maximum Principal Amount				
of Short-term Borrowings				
Outstanding During the				
Quarter:				
     Money Pool            None          $762,567     $2,303,395       None
     Banks                 None           None           None          None
				
(b)				
Average Interest Rate for				
the Money Pool Borrowings				
During the Quarter*        0.00%          5.53%          5.55%         0.00%
				
(c)				
Maximum Amount Outstanding				
By Company for Each Source				
of Outside Borrowings				
During the Quarter:				
     Bank of Boston         None          None             None         None
     Fleet Bank - NH        None          None             None         None
     State Street Bank      None          None             None         None
     Citizens Bank          None          None             None         None
* Excludes Bank Service and Commitment Fees