<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType>
    <periodOfReport>2003-05-02</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
<issuer>        <issuerCik>0001082510</issuerCik>
        <issuerName>UIL HOLDINGS CORP</issuerName>
<issuerTradingSymbol>UIL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
    <reportingOwnerId>
        <rptOwnerCik>0001024134</rptOwnerCik>
            <rptOwnerName>CHASE ARNOLD L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeSecurity>
        <securityTitle>
            <value>Phantom Stock Units</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>0</value>
            <footnoteId id="F3"/>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2003-05-02</value>
            <footnoteId id="F1"/>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>P</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>27.68</value>
            </transactionShares>
            <transactionValue>
                <value>36.13</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>1993-08-08</value>
            <footnoteId id="F2"/>
            <footnoteId id="F4"/>
        </exerciseDate>
        <expirationDate>
            <value>1993-08-08</value>
            <footnoteId id="F2"/>
            <footnoteId id="F4"/>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
                <footnoteId id="F2"/>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>27.68</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>4483.95</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">The phantom stock units were accrued under the UIL Holdings Corp. Non-Employee Directors Common Stock and Deferred Compensation Plan (the "Plan").</footnote>
        <footnote id="F2">The units are to be settled in UIL Holdings Corp. Common Stock upon termination of the Reporting Person's servie (other than by death) or termination of the Plan.</footnote>
        <footnote id="F3">1-for-1</footnote>
        <footnote id="F4">The staff has designated 08/08/1993 as a "dummy date" for this specific purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Arnold L. Chase</signatureName>
        <signatureDate>2003-05-06</signatureDate>
    </ownerSignature>

</ownershipDocument>

