SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2012

SEGMENT INFORMATION [Abstract]

Reconciliation of operating profit (loss) from segments to consolidated

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.

(In Thousands)
	Three months ended June 30, 2012
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
Operating Revenues	$	128,782	$	50,404	$	179,186	$	103,618			704		$	283,508
Purchased power and gas		34,358		-		34,358		39,953			-			74,311
Operation and maintenance		42,403		9,854		52,257		36,240			89			88,586
Transmission wholesale		-		17,234		17,234		-			-			17,234
Depreciation and amortization		20,998		3,662		24,660		17,948			440			43,048
Taxes - other than income taxes		9,917		5,893		15,810		7,921			91			23,822
Operating Income (Loss)		21,106		13,761		34,867		1,556			84			36,507
Other Income and (Deductions), net		2,429		1,005		3,434		1,268			170			4,872
Interest Charges, net		7,212		3,333		10,545		7,391			5,800			23,736
Income (Loss) Before Income Taxes and Equity Earnings		16,323		11,433		27,756		(4,567	)		(5,546	)		17,643
Income Taxes		9,333		3,663		12,996		(1,366	)		(2,084	)		9,546
Income (Loss) Before Equity Earnings		6,990		7,770		14,760		(3,201	)		(3,462	)		8,097
Income from Equity Investments		3,915		-		3,915		-			-			3,915
Net Income (Loss)		10,905		7,770		18,675		(3,201	)		(3,462	)		12,012
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		13			-			13
Net Income (Loss) attributable to UIL Holdings	$	10,905	$	7,770	$	18,675	$	(3,214	)	$	(3,462	)	$	11,999

	Three months ended June 30, 2011
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			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		35,863			291			90,393
Transmission wholesale		-		17,607		17,607		-			-			17,607
Depreciation and amortization		19,526		3,094		22,620		16,375			82			39,077
Taxes - other than income taxes		10,860		6,699		17,559		8,340			1			25,900
Operating Income (Loss)		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

(In Thousands)
	Six months ended June 30, 2012
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution		Other			Total
Operating Revenues	$	269,895	$	99,797	$	369,692	$	370,889	$	1,265		$	741,846
Purchased power and gas		75,016		-		75,016		190,758		-			265,774
Operation and maintenance		87,472		20,951		108,423		66,156		214			174,793
Transmission wholesale		-		33,282		33,282		-		-			33,282
Depreciation and amortization		41,477		7,155		48,632		40,089		886			89,607
Taxes - other than income taxes		20,626		11,602		32,228		22,100		94			54,422
Operating Income (Loss)		45,304		26,807		72,111		51,786		71			123,968
Other Income and (Deductions), net		7,485		2,026		9,511		3,914		364			13,789
Interest Charges, net		14,490		6,894		21,384		14,211		11,387			46,982
Income (Loss) Before Income Taxes and Equity Earnings		38,299		21,939		60,238		41,489		(10,952	)		90,775
Income Taxes		21,566		6,754		28,320		16,230		(4,461	)		40,089
Income (Loss) Before Equity Earnings		16,733		15,185		31,918		25,259		(6,491	)		50,686
Income from Equity Investments		8,402		-		8,402		-		-			8,402
Net Income (Loss)		25,135		15,185		40,320		25,259		(6,491	)		59,088
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		39		-			39
Net Income (Loss) attributable to UIL Holdings	$	25,135	$	15,185	$	40,320	$	25,220	$	(6,491	)	$	59,049

	Six months ended June 30, 2011
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			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		64,485			463			175,525
Transmission wholesale		-		34,629		34,629		-			-			34,629
Depreciation and amortization		40,742		6,164		46,906		37,048			94			84,048
Taxes - other than income taxes		22,298		13,524		35,822		25,584			1			61,407
Operating Income (Loss)		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

Reconciliation of total assets from segments to consolidated

	Electric Distribution and Transmission (1)
	Distribution		Transmission		Total		Gas Distribution		Other		Total
Total Assets at June 30, 2012	$	-	$	-	$	2,720,923	$	1,863,947	$	59,347	$	4,644,217
Total Assets at December 31, 2011	$	-	$	-	$	2,716,460	$	1,953,079	$	75,070	$	4,744,609

(1) 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, 2012, was $1,012.7 million and $566.9 million for Distribution and Transmission, respectively.  As of December 31, 2011, net plant in service was $1,029.8 million and $495.8 million for Distribution and Transmission, respectively.