LEASE OBLIGATIONS

12 Months Ended

Dec. 31, 2012

(I) LEASE OBLIGATIONS

UIL Holdings and its wholly-owned direct and indirect subsidiaries have lease arrangements for data processing equipment, office equipment, office space and land.

Operating leases, which are charged to operating expense, consist principally of leases of office space and facilities, land, railroad rights of way and a wide variety of equipment. The future minimum lease payments under these operating leases are estimated to be as follows:

	(In Thousands)
2013	$	4,591
2014		3,686
2015		3,181
2016		3,196
2017		3,189
2018-after		42,313
	$	60,156

Rental payments charged to operating expenses in 2012, 2011 and 2010 were as follows:

	Year Ended December 31,
	2012		2011		2010
	(In Thousands)

Rental payments	$	14,548	$	17,949	$	13,997
Less: Sublease rental payments received		241		1,148		1,120
Rental payments charged to operating expenses	$	14,307	$	16,801	$	12,877

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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