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 September 30, 2013
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
	(In Thousands)
Operating Revenues	$	151,369	$	67,830	$	219,199	$	97,244		$	35		$	316,478
Purchased power and gas		37,314		-		37,314		37,343			-			74,657
Operation and maintenance		43,387		11,532		54,919		36,271			(1,380	)		89,810
Transmission wholesale		-		28,659		28,659		-			-			28,659
Depreciation and amortization		28,397		4,152		32,549		17,202			1,010			50,761
Taxes - other than income taxes		13,390		10,466		23,856		8,410			123			32,389
Regulatory disallowances		17,543		-		17,543		-			-			17,543
Operating Income		11,338		13,021		24,359		(1,982	)		282			22,659

Other Income and (Deductions), net		3,534		746		4,280		234			639			5,153

Interest Charges, net		6,088		2,763		8,851		7,507			6,041			22,399

Income from Equity Investments		3,930		-		3,930		-			-			3,930

Income (Loss) Before Income Taxes		12,714		11,004		23,718		(9,255	)		(5,120	)		9,343

Income taxes		5,607		3,890		9,497		(2,970	)		(2,341	)		4,186

Net Income (Loss)		7,107		7,114		14,221		(6,285	)		(2,779	)		5,157
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		13			-			13
Net Income (Loss) attributable to UIL Holdings	$	7,107	$	7,114	$	14,221	$	(6,298	)	$	(2,779	)	$	5,144

Total Capital Expenditures (1)	$	-	$	-	$	41,310	$	25,968		$	12,910		$	80,188

	Three months ended September 30, 2012
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
	(In Thousands)
Operating Revenues	$	154,165	$	62,932	$	217,097	$	105,755		$	36		$	322,888
Purchased power and gas		43,565		-		43,565		51,570			-			95,135
Operation and maintenance		42,599		9,840		52,439		35,788			(946	)		87,281
Transmission wholesale		-		26,565		26,565		-			-			26,565
Depreciation and amortization		25,286		3,787		29,073		16,410			796			46,279
Taxes - other than income taxes		12,202		8,256		20,458		8,011			33			28,502
Regulatory disallowances		-		-		-		-			-			-
Operating Income (Loss)		30,513		14,484		44,997		(6,024	)		153			39,126

Other Income and (Deductions), net		6,071		863		6,934		372			110			7,416

Interest Charges, net		7,242		3,148		10,390		7,070			5,893			23,353

Income from Equity Investments		3,421		-		3,421		-			-			3,421

Income (Loss) Before Income Taxes		32,763		12,199		44,962		(12,722	)		(5,630	)		26,610

Income taxes		14,597		3,955		18,552		(5,423	)		(2,294	)		10,835

Net Income (Loss)		18,166		8,244		26,410		(7,299	)		(3,336	)		15,775
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		26			-			26
Net Income (Loss) attributable to UIL Holdings	$	18,166	$	8,244	$	26,410	$	(7,325	)	$	(3,336	)	$	15,749

Total Capital Expenditures (1)	$	-	$	-	$	39,584	$	22,968		$	6,489		$	69,041

	Nine months ended September 30, 2013
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
	(In Thousands)
Operating Revenues	$	421,959	$	180,412	$	602,371	$	581,115		$	105		$	1,183,591
Purchased power and gas		105,996		-		105,996		315,520			-			421,516
Operation and maintenance		132,919		33,212		166,131		111,496			(4,088	)		273,539
Transmission wholesale		-		65,994		65,994		-			-			65,994
Depreciation and amortization		72,924		12,123		85,047		58,515			2,975			146,537
Taxes - other than income taxes		36,860		25,260		62,120		33,769			446			96,335
Regulatory disallowances		17,543		-		17,543		-			-			17,543
Operating Income (Loss)		55,717		43,823		99,540		61,815			772			162,127

Other Income and (Deductions), net		10,687		3,465		14,152		(298	)		1,864			15,718

Interest Charges, net		19,834		9,104		28,938		22,415			18,180			69,533

Income from Equity Investments		11,590		-		11,590		-			-			11,590

Income (Loss) Before Income Taxes		58,160		38,184		96,344		39,102			(15,544	)		119,902

Income taxes		24,464		13,474		37,938		14,770			(7,704	)		45,004

Net Income (Loss)		33,696		24,710		58,406		24,332			(7,840	)		74,898
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		39			-			39
Net Income (Loss) attributable to UIL Holdings	$	33,696	$	24,710	$	58,406	$	24,293		$	(7,840	)	$	74,859

Total Capital Expenditures (1)	$	-	$	-	$	124,437	$	63,771		$	35,964		$	224,172

	Nine months ended September 30, 2012
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution		Other			Total
	(In Thousands)
Operating Revenues	$	424,060	$	162,729	$	586,789	$	476,644	$	114		$	1,063,547
Purchased power and gas		118,581		-		118,581		242,328		-			360,909
Operation and maintenance		130,071		30,791		160,862		101,944		(1,919	)		260,887
Transmission wholesale		-		59,847		59,847		-		-			59,847
Depreciation and amortization		66,763		10,942		77,705		56,499		1,682			135,886
Taxes - other than income taxes		32,828		19,858		52,686		30,111		127			82,924
Regulatory disallowances		-		-		-		-		-			-
Operating Income (Loss)		75,817		41,291		117,108		45,762		224			163,094

Other Income and (Deductions), net		13,556		2,889		16,445		4,286		474			21,205

Interest Charges, net		21,732		10,042		31,774		21,281		17,280			70,335

Income from Equity Investments		11,823		-		11,823		-		-			11,823

Income (Loss) Before Income Taxes		79,464		34,138		113,602		28,767		(16,582	)		125,787

Income taxes		36,163		10,709		46,872		10,807		(6,755	)		50,924

Net Income (Loss)		43,301		23,429		66,730		17,960		(9,827	)		74,863
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		65		-			65
Net Income (Loss) attributable to UIL Holdings	$	43,301	$	23,429	$	66,730	$	17,895	$	(9,827	)	$	74,798

Total Capital Expenditures (1)	$	-	$	-	$	134,769	$	55,840	$	23,631		$	214,240

	Electric Distribution and Transmission (2)
	Distribution		Transmission		Total		Gas Distribution		Other			Total
Total Assets at September 30, 2013	$	-	$	-	$	2,847,227	$	1,934,249	$	84,302		$	4,865,778

Total Assets at December 31, 2012	$	-	$	-	$	2,875,765	$	1,993,560	$	90,042		$	4,959,367

(1)	Information for segmenting total capital expenditures between Distribution and Transmission is not available. Total Electric Distribution and Transmission capital expenditures are disclosed in the Total Electric Distribution and Transmission column.

(2)

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 September 30, 2013, was $1,099.1 million and $644.7 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.