Schedule I - Condensed Financial Statements of Registrant

SCHEDULE I

UIL HOLDINGS CORPORATION (PARENT)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF INCOME

FOR THE YEARS ENDED DECEMBER 31, 2012, 2011, AND 2010

(In Thousands except per share amounts)



	2012			2011			2010

Operating Revenues	$	4,193		$	353		$	-

Operating Expenses
Operation and maintenance		639			548			451
Depreciation and amortization		2,530			306			-
Taxes - other than income taxes		156			10			7
Acquisition and closing related expenses		-			-			25,572
Total Operating Expenses		3,325			864			26,030
Operating Income		868			(511	)		(26,030	)

Other Income and (Deductions), net		351			(1,609	)		(17	)

Interest Charges, net		23,292			22,784			9,111

Equity in Earnings of Subsidiaries		117,083			113,081			77,208

Income Before Income Taxes		95,010			88,177			42,050

Income Taxes		(8,691	)		(11,533	)		(12,807	)

Net Income		103,701			99,710			54,857
Net Income Attributable to Noncontrolling Interest		64			54			3
Net Income Attributable to Controlling Interest	$	103,637		$	99,656		$	54,854


Average Number of Common Shares Outstanding - Basic		50,831			50,609			35,722
Average Number of Common Shares Outstanding - Diluted		51,108			50,926			36,083

Earnings Per Share of Common Stock - Basic:	$	2.04		$	1.96		$	1.53

Earnings Per Share of Common Stock - Diluted:	$	2.02		$	1.95		$	1.52

UIL HOLDINGS CORPORATION (PARENT)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2012, 2011, AND 2010

(In Thousands)


	2012			2011			2010

Net Income	$	103,701		$	99,710		$	54,857
Other Comprehensive Income (Loss)		(74	)		(541	)		166
Comprehensive Income (Loss)		103,627			99,169			55,023
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		64			54			3
Comprehensive Income Attributable to UIL Holdings	$	103,563		$	99,115		$	55,020

UIL HOLDINGS CORPORATION (PARENT)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

BALANCE SHEET

AS OF DECEMBER 31, 2012 AND 2011

(In Thousands)


	December 31,		December 31,
	2012		2011

ASSETS
Current Assets
Unrestricted cash and temporary cash investments	$	115	$	2,664
Intercompany accounts receivable		3,264		6,398
Refundable taxes		24,101		-
Deferred income taxes		2,145		25,114
Other		4,553		16,697
Total Current Assets		34,178		50,873

Investments in Subsidiaries		1,689,917		1,546,033

Net Property, Plant and Equipment		60,588		27,870

Other Assets		6,095		7,434

Total Assets	$	1,790,778	$	1,632,210


LIABILITIES AND CAPITALIZATION
Current Liabilities
Line of credit borrowings	$	157,000	$	35,000
Accounts payable		22,242		10,325
Dividends payable		21,887		21,847
Other		21,079		19,970
Total Current Liabilities		222,208		87,142

Other Liabilities		4,934		3,928

Capitalization
Long-term debt, net of unamortized discount and premium		447,083		446,779

Net Common Stock Equity		1,116,553		1,094,361

Total Capitalization		1,563,636		1,541,140

Total Liabilities and Capitalization	$	1,790,778	$	1,632,210

UIL HOLDINGS CORPORATION (PARENT)

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2012, 2011, AND 2010

(In Thousands)



	2012			2011			2010

Net Cash provided by Operating Activities	$	89,875		$	162,538		$	30,415

Cash Flows from Investing Activities
Acquisition of Gas Companies		-			11,211			(917,929	)
Plant expenditures		(29,689	)		(20,168	)		-
Capital contributions to subsidiaries		(100,000	)		(60,000	)		-
Other		304			18			-
Net Cash (used in) Investing Activities		(129,385	)		(68,939	)		(917,929	)

Cash Flows from Financing Activities
Issuance of common stock		1,943			200			502,220
Issuances of long-term debt		-			-			446,559
Payments on long-term debt		-			(49,286	)		(4,286	)
Line of credit borrowings (repayments), net		122,000			35,000			-
Payment of common stock dividend		(87,490	)		(87,274	)		(51,836	)
Other		508			(107	)		(3,931	)
Net Cash provided by (used in) Financing Activities		36,961			(101,467	)		888,726

Unrestricted Cash and Temporary Cash Investments:
Net change for the period		(2,549	)		(7,868	)		1,212
Balance at beginning of period		2,664			10,532			9,320
Balance at end of period	$	115		$	2,664		$	10,532

Note 1. Basis of Presentation

The accompanying condensed financial statements of UIL Holdings Corporation (Parent) should be read in conjunction with the consolidated financial statements and notes thereto of UIL Holdings Corporation ("Registrant") included in Part II, Item 8. of UIL Holdings' Form 10-K for the fiscal year ended December 31, 2012, to which these financial statements are being filed as an amendment on September 10, 2013.

Note 2. Capitalization and Short-Term Credit Arrangements

See Notes to Consolidated Financial Statements in the Registrant's Form 10-K for the fiscal year ended December 31, 2012, which is incorporated herein by reference, for disclosure of Parent's capitalization information as described in Note B "Capitalization" and of line of credit borrowings as described in Note D "Short-Term Credit Arrangements."

Note 3. Related Party Transactions

Parent revenues from services provided to its subsidiaries are shown as operating revenues in the accompanying statements of income. Intercompany Accounts Receivables and Payables at December 31, 2012 and 2011 are not material.

Note 4. Contingencies

For a discussion of material contingencies see "Item 8. Notes to Consolidating Financial Statements – Note J Commitments and Contingencies" in the Registrant's Form 10-K for the fiscal year ended December 31, 2012.