INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2011

INCOME TAXES [Abstract]

Components of Income Tax Expense (Benefit)

As of June 30, 2011, UIL Holdings had no short-term borrowings outstanding under its money market loan arrangement with JPMorgan Chase Bank.

(E) INCOME TAXES

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
	(In Thousands)
Income tax expense consists of:
Income tax provisions (benefit):
Current
Federal	$	(3,639	)	$	12,777		$	18,274		$	25,540
State		(1,683	)		3,170			5,593			5,752
Total current		(5,322	)		15,947			23,867			31,292
Deferred
Federal		15,680			(5,937	)		15,948			(9,123	)
State		398			(2,410	)		2,000			(4,054	)
Total deferred		16,078			(8,347	)		17,948			(13,177	)
Investment tax credits		(48	)		(36	)		(97	)		(73	)
Total income tax expense	$	10,708		$	7,564		$	41,718		$	18,042