SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2011

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

(M)  SEGMENT INFORMATION

UIL Holdings has three reporting segments:  Electric Distribution, Electric Transmission and Gas Distribution.  Revenues from inter-segment transactions are not material.  All of UIL Holdings' revenues are derived in the United States.  The following measures of segment profit and loss are utilized by management to make decisions about allocating resources to the segments and assessing performance.  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 September 30, 2011
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other (1)			Total
Operating Revenues	$	165,528	$	55,292	$	220,820	$	100,579		$	28		$	321,427
Purchased power and gas		52,974		-		52,974		48,714			-			101,688
Operation and maintenance		51,699		7,535		59,234		36,492			(187	)		95,539
Transmission wholesale		-		25,180		25,180		-			-			25,180
Depreciation and amortization		22,899		3,182		26,081		12,188			99			38,368
Taxes - other than income taxes		13,040		6,086		19,126		7,266			7			26,399
Acquisition-related expenses		-		-		-		-			-			-
Operating Income		24,916		13,309		38,225		(4,081	)		109			34,253
Other Income and (Deductions), net		3,159		1,598		4,757		3,237			398			8,392
Interest Charges, net		7,834		3,752		11,586		7,251			5,506			24,343
Income Before Income Taxes and Equity Earnings		20,241		11,155		31,396		(8,095	)		(4,999	)		18,302
Income Taxes		10,660		3,560		14,220		(1,865	)		(2,726	)		9,629
Income Before Equity Earnings		9,581		7,595		17,176		(6,230	)		(2,273	)		8,673
Income from Equity Investments		3,521		-		3,521		-			-			3,521
Net Income		13,102		7,595		20,697		(6,230	)		(2,273	)		12,194
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-		-		-		14			-			14
Net Income attributable to UIL Holdings	$	13,102	$	7,595	$	20,697	$	(6,244	)	$	(2,273	)	$	12,180

	Three months ended September 30, 2010
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Other (1)			Total
Operating Revenues	$	181,816	$	54,458	$	236,274	$	3		$	236,277
Purchased power		65,616		-		65,616		-			65,616
Operation and maintenance		50,644		6,649		57,293		79			57,372
Transmission wholesale		-		23,434		23,434		-			23,434
Depreciation and amortization		25,367		3,005		28,372		11			28,383
Taxes - other than income taxes		12,005		8,226		20,231		7			20,238
Acquisition-related expenses		-		-		-		6,471			6,471
Operating Income		28,184		13,144		41,328		(6,565	)		34,763
Other Income and (Deductions), net		4,805		757		5,562		29			5,591
Interest Charges, net		7,823		2,859		10,682		927			11,609
Income Before Income Taxes and Equity Earnings		25,166		11,042		36,208		(7,463	)		28,745
Income Taxes		10,624		4,598		15,222		(3,108	)		12,114
Income Before Equity Earnings		14,542		6,444		20,986		(4,355	)		16,631
Income (Loss) from Equity Investments		345		-		345		-			345
Net Income	$	14,887	$	6,444	$	21,331	$	(4,355	)	$	16,976

(1) Includes UIL Holdings Corporate and UIL Holdings' non-utility activities, and the elimination of intercompany accounts and notes receivable.

(In Thousands)
	Nine months ended September 30, 2011
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution		Other (1)			Total
Operating Revenues	$	452,594	$	149,888	$	602,482	$	594,012	$	35		$	1,196,529
Purchased power and gas		139,548		-		139,548		341,594		-			481,142
Operation and maintenance		147,298		22,513		169,811		114,452		276			284,539
Transmission wholesale		-		59,809		59,809		-		-			59,809
Depreciation and amortization		63,641		9,346		72,987		35,761		193			108,941
Taxes - other than income taxes		35,338		19,610		54,948		32,850		8			87,806
Acquisition-related expenses		-		-		-		-		-			-
Operating Income		66,769		38,610		105,379		69,355		(442	)		174,292
Other Income and (Deductions), net		10,691		4,736		15,427		2,787		447			18,661
Interest Charges, net		22,609		9,733		32,342		22,052		17,020			71,414
Income Before Income Taxes and Equity Earnings		54,851		33,613		88,464		50,090		(17,015	)		121,539
Income Taxes		28,151		10,436		38,587		20,359		(7,599	)		51,347
Income Before Equity Earnings		26,700		23,177		49,877		29,731		(9,416	)		70,192
Income from Equity Investments		8,230		-		8,230		-		-			8,230
Net Income		34,930		23,177		58,107		29,731		(9,416	)		78,422
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-		-		-		42		-			42
Net Income attributable to UIL Holdings	$	34,930	$	23,177	$	58,107	$	29,689	$	(9,416	)	$	78,380

	Nine months ended September 30, 2010
	Electric Distribution and Transmission
	Distribution			Transmission		Total			Other (1)			Total
Operating Revenues	$	519,048		$	144,615	$	663,663		$	10		$	663,673
Purchased power		194,531			-		194,531			-			194,531
Operation and maintenance		150,341			20,606		170,947			413			171,360
Transmission wholesale		-			54,249		54,249			-			54,249
Depreciation and amortization		73,224			9,415		82,639			33			82,672
Taxes - other than income taxes		33,849			20,678		54,527			7			54,534
Acquisition-related expenses		-			-		-			13,171			13,171
Operating Income		67,103			39,667		106,770			(13,614	)		93,156
Other Income and (Deductions), net		12,384			1,796		14,180			371			14,551
Interest Charges, net		21,091			8,711		29,802			2,825			32,627
Income Before Income Taxes and Equity Earnings		58,396			32,752		91,148			(16,068	)		75,080
Income Taxes		23,406			13,251		36,657			(6,501	)		30,156
Income Before Equity Earnings		34,990			19,501		54,491			(9,567	)		44,924
Income (Loss) from Equity Investments		(544	)		-		(544	)		-			(544	)
Net Income	$	34,446		$	19,501	$	53,947		$	(9,567	)		44,380

	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution		Other (1)		Total (3)
Total Assets at September 30, 2011	$	-	$	-	$	2,628,282	$	1,915,613	$	38,411	$	4,582,306
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 theTotal UI column. Net plant in service is segregated by segment and, as of September 30, 2011, was $982.3 million and $484.6 million 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 September 30, 2011 and December 31, 2010, respectively.