SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2013

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

(M) SEGMENT INFORMATION

UIL Holdings is organized between Electric Distribution, Electric Transmission and Gas Distribution reporting segments based on several factors including, but not limited to, the nature of each segment’s products and services, the sources of operating revenues and expenses and the regulatory environment in which each segment operates.     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 and administrative costs.  Revenues from inter‑segment transactions are not material.  All of UIL Holdings’ revenues are derived in the United States.

	Three months ended June 30, 2013
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
	(In Thousands)
Operating Revenues	$	129,084	$	56,374	$	185,458	$	133,580		$	36		$	319,074
Purchased power and gas		30,193		-		30,193		58,910			-			89,103
Operation and maintenance		44,433		10,722		55,155		40,700			(1,385	)		94,470
Transmission wholesale		-		18,517		18,517		-			-			18,517
Depreciation and amortization		22,131		4,044		26,175		18,524			970			45,669
Taxes - other than income taxes		11,331		7,483		18,814		9,163			103			28,080
Operating Income (Loss)		20,996		15,608		36,604		6,283			348			43,235
Other Income and (Deductions), net		3,064		1,304		4,368		325			511			5,204
Interest Charges, net		6,806		3,213		10,019		7,712			6,091			23,822
Income from Equity Investments		3,848		-		3,848		-			-			3,848
Income (Loss) Before Income Taxes		21,102		13,699		34,801		(1,104	)		(5,232	)		28,465
Income taxes		8,959		4,802		13,761		(244	)		(2,986	)		10,531
Net Income (Loss)		12,143		8,897		21,040		(860	)		(2,246	)		17,934
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		10			-			10
Net Income (Loss) attributable to UIL Holdings	$	12,143	$	8,897	$	21,040	$	(870	)	$	(2,246	)	$	17,924

	Three months ended June 30, 2012
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
	(In Thousands)
Operating Revenues	$	128,782	$	50,404	$	179,186	$	103,618		$	38		$	282,842
Purchased power and gas		34,358		-		34,358		39,953			-			74,311
Operation and maintenance		42,403		9,854		52,257		36,240			(577	)		87,920
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 from Equity Investments		3,915		-		3,915		-			-			3,915
Income (Loss) Before Income Taxes		20,238		11,433		31,671		(4,567	)		(5,546	)		21,558
Income taxes		9,333		3,663		12,996		(1,366	)		(2,084	)		9,546
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

	Six months ended June 30, 2013
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
	(In Thousands)
Operating Revenues	$	270,590	$	112,582	$	383,172	$	483,871		$	70		$	867,113
Purchased power and gas		68,682		-		68,682		278,177			-			346,859
Operation and maintenance		89,532		21,680		111,212		75,225			(2,708	)		183,729
Transmission wholesale		-		37,335		37,335								37,335
Depreciation and amortization		44,527		7,971		52,498		41,313			1,965			95,776
Taxes - other than income taxes		23,470		14,794		38,264		25,359			323			63,946
Operating Income (Loss)		44,379		30,802		75,181		63,797			490			139,468
Other Income and (Deductions), net		7,153		2,719		9,872		(532	)		1,225			10,565
Interest Charges, net		13,746		6,341		20,087		14,908			12,139			47,134
Income from Equity Investments		7,660		-		7,660		-			-			7,660
Income (Loss) Before Income Taxes		45,446		27,180		72,626		48,357			(10,424	)		110,559
Income taxes		18,857		9,584		28,441		17,740			(5,363	)		40,818
Net Income (Loss)		26,589		17,596		44,185		30,617			(5,061	)		69,741
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		26			-			26
Net Income (Loss) attributable to UIL Holdings	$	26,589	$	17,596	$	44,185	$	30,591		$	(5,061	)	$	69,715

	Six months ended June 30, 2012
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution		Other			Total
	(In Thousands)
Operating Revenues	$	269,895	$	99,797	$	369,692	$	370,889	$	79		$	740,660
Purchased power and gas		75,016		-		75,016		190,758		-			265,774
Operation and maintenance		87,472		20,951		108,423		66,156		(972	)		173,607
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 from Equity Investments		8,402		-		8,402		-		-			8,402
Income (Loss) Before Income Taxes		46,701		21,939		68,640		41,489		(10,952	)		99,177
Income taxes		21,566		6,754		28,320		16,230		(4,461	)		40,089
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
	Electric Distribution and Transmission (1)
	Distribution		Transmission		Total		Gas Distribution		Other			Total (2)
Total Assets at June 30, 2013	$	-	$	-	$	2,883,288	$	1,981,799	$	9,961		$	4,875,048
Total Assets at December 31, 2012	$	-	$	-	$	2,875,765	$	1,993,560	$	90,042		$	4,959,367

(1) Information for segmenting total assets between Distribution and Transmission is not available.  Total Electric Distribution and Transmission assets are disclosed in the Total Electric Distribution and Transmission column.  Net plant in service is segregated by segment and, as of June 30, 2013, was $1,088.1 million and $638.7 million for Distribution and Transmission, respectively.  As of December 31, 2012, net plant in service was $1,058.6 million and $607.8 million for Distribution and Transmission, respectively.

(2) Includes $266.2 million of goodwill in the Gas Distribution segment as of June 30, 2013.