SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2011

SEGMENT INFORMATION [Abstract]

Reconciliation of operating profit (loss) from segments to consolidated

The following table reconciles certain segment information with that provided in UIL Holdings’ Consolidated Financial Statements.  In the table, distribution includes all electric utility revenue and expenses except for transmission, which is provided in a separate column.  “Other” includes the information for the remainder of UIL Holdings’ non-utility activities and unallocated corporate costs, including minority interest investments, administrative costs and interest expense.

(In Thousands)
	Three months ended June 30, 2011
	Electric Distribution and Transmission
	Distribution			Transmission		Total			Gas Distribution			Other (1)			Total
Operating Revenues	$	135,437		$	47,999	$	183,436		$	130,609		$	4		$	314,049
Purchased power and gas		37,311			-		37,311			63,537			-			100,848
Operation and maintenance		46,259			7,980		54,239			40,472			291			95,002
Transmission wholesale		-			17,607		17,607			-			-			17,607
Depreciation and amortization		19,526			3,094		22,620			11,766			82			34,468
Taxes - other than income taxes		10,860			6,699		17,559			8,340			1			25,900
Acquisition-related expenses		-			-		-			-			-			-
Operating Income		21,481			12,619		34,100			6,494			(370	)		40,224
Other Income and (Deductions), net		3,357			1,692		5,049			471			84			5,604
Interest Charges, net		7,283			3,019		10,302			7,769			5,526			23,597
Income (Loss) Before Income Taxes and Equity Earnings		17,555			11,292		28,847			(804	)		(5,812	)		22,231
Income Taxes		9,101			3,408		12,509			656			(2,457	)		10,708
Income (Loss) Before Equity Earnings		8,454			7,884		16,338			(1,460	)		(3,355	)		11,523
Income from Equity Investments		2,647			-		2,647			-			-			2,647
Net Income (Loss)		11,101			7,884		18,985			(1,460	)		(3,355	)		14,170
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-			-		-			14			-			14
Net Income (Loss) attributable to UIL Holdings	$	11,101		$	7,884	$	18,985		$	(1,474	)	$	(3,355	)	$	14,156
	Three months ended June 30, 2010
	Electric Distribution and Transmission
	Distribution			Transmission		Total			Other (1)			Total
Operating Revenues	$	162,142		$	44,971	$	207,113		$	3		$	207,116
Purchased power		53,567			-		53,567			-			53,567
Operation and maintenance		55,382			6,870		62,252			115			62,367
Transmission wholesale		-			15,339		15,339			-			15,339
Depreciation and amortization		23,788			3,238		27,026			12			27,038
Taxes - other than income taxes		10,408			6,184		16,592			-			16,592
Acquisition-related expenses		-			-		-			6,700			6,700
Operating Income		18,997			13,340		32,337			(6,824	)		25,513
Other Income and (Deductions), net		4,124			648		4,772			132			4,904
Interest Charges, net		6,610			2,915		9,525			942			10,467
Income (Loss) Before Income Taxes and Equity Earnings		16,511			11,073		27,584			(7,634	)		19,950
Income Taxes		6,199			4,396		10,595			(3,031	)		7,564
Income (Loss) Before Equity Earnings		10,312			6,677		16,989			(4,603	)		12,386
Income (Loss) from Equity Investments		(897	)		-		(897	)		-			(897	)
Net Income	$	9,415		$	6,677	$	16,092		$	(4,603	)	$	11,489
(1) Includes UIL Holdings Corporate and UIL Holdings' non-utility activities, and the elimination of intercompany accounts and notes receivable.

Reconciliation of total assets from segments to consolidated

(In Thousands)
	Six months ended June 30, 2011
	Electric Distribution and Transmission
	Distribution			Transmission		Total			Gas Distribution			Other (1)			Total
Operating Revenues	$	287,066		$	94,596	$	381,662		$	493,433		$	7		$	875,102
Purchased power and gas		86,574			-		86,574			292,880			-			379,454
Operation and maintenance		95,599			14,978		110,577			77,960			463			189,000
Transmission wholesale		-			34,629		34,629			-			-			34,629
Depreciation and amortization		40,742			6,164		46,906			23,573			94			70,573
Taxes - other than income taxes		22,298			13,524		35,822			25,584			1			61,407
Acquisition-related expenses		-			-		-			-			-			-
Operating Income		41,853			25,301		67,154			73,436			(551	)		140,039
Other Income and (Deductions), net		7,532			3,138		10,670			(450	)		49			10,269
Interest Charges, net		14,775			5,981		20,756			14,801			11,514			47,071
Income (Loss) Before Income Taxes and Equity Earnings		34,610			22,458		57,068			58,185			(12,016	)		103,237
Income Taxes		17,491			6,876		24,367			22,224			(4,873	)		41,718
Income (Loss) Before Equity Earnings		17,119			15,582		32,701			35,961			(7,143	)		61,519
Income from Equity Investments		4,709			-		4,709			-			-			4,709
Net Income (Loss)		21,828			15,582		37,410			35,961			(7,143	)		66,228
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-			-		-			28			-			28
Net Income (Loss) attributable to UIL Holdings	$	21,828		$	15,582	$	37,410		$	35,933		$	(7,143	)	$	66,200
	Six months ended June 30, 2010
	Electric Distribution and Transmission
	Distribution			Transmission		Total			Other (1)			Total
Operating Revenues	$	337,232		$	90,157	$	427,389		$	7		$	427,396
Purchased power		128,915			-		128,915			-			128,915
Operation and maintenance		99,697			13,957		113,654			334			113,988
Transmission wholesale		-			30,815		30,815			-			30,815
Depreciation and amortization		47,857			6,410		54,267			22			54,289
Taxes - other than income taxes		21,844			12,452		34,296			-			34,296
Acquisition-related expenses		-			-		-			6,700			6,700
Operating Income		38,919			26,523		65,442			(7,049	)		58,393
Other Income and (Deductions), net		7,579			1,039		8,618			342			8,960
Interest Charges, net		13,268			5,852		19,120			1,898			21,018
Income (Loss) Before Income Taxes and Equity Earnings		33,230			21,710		54,940			(8,605	)		46,335
Income Taxes		12,839			8,619		21,458			(3,416	)		18,042
Income (Loss)  Before Equity Earnings		20,391			13,091		33,482			(5,189	)		28,293
Income (Loss) from Equity Investments		(889	)		-		(889	)		-			(889	)
Net Income	$	19,502		$	13,091	$	32,593		$	(5,189	)		27,404
	Electric Distribution and Transmission
	Distribution			Transmission		Total			Gas Distribution			Other (1)			Total (3)
Total Assets at June 30, 2011	$	-		$	-	$	2,571,172		$	1,946,319		$	(30,458	)	$	4,487,033
Total Assets at December 31, 2010	$	-		$	-	$	2,371,621		$	2,033,576		$	50,236		$	4,455,433
(1) Includes UIL Holdings Corporate and UIL Holdings' non-utility activities, and the elimination of intercompany accounts and notes receivable.
(2) Information for segmenting total assets between Distribution and Transmission is not available. Total UI assets are disclosed in the
Total UI column. Net plant in service is segregated by segment and, as of June 30, 2011, was $889.2 million and $537.6million
for Distribution and Transmission, respectively. As of December 31, 2010, net plant in service was $820.9 million and $512.2 million
for Distribution and Transmission, respectively.
(3) Includes $302.2 million and $298.9 million of goodwill in the Gas Distribution segment as of June 30, 2011 and December 31, 2010, respectively.