SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2014

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

(M) SEGMENT INFORMATION

UIL Holdings is organized into 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 our 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 our non‑utility activities and unallocated corporate costs, including minority interest investments and administrative costs.  Revenues from inter‑segment transactions are not material.  All of our revenues are derived in the United States.

	Three months ended September 30, 2014
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
Operating Revenues	$	134,289	$	62,926	$	197,215	$	94,708		$	1,103		$	293,026
Purchased power and gas		37,962		-		37,962		30,504			310			68,776
Operation and maintenance		42,819		11,456		54,275		44,950			(3,974	)		95,251
Transmission wholesale		-		25,802		25,802		-			-			25,802
Depreciation and amortization		11,943		4,208		16,151		16,477			2,950			35,578
Taxes - other than income taxes		14,244		10,441		24,685		9,082			(870	)		32,897
Acquisition-related expenses		-		-		-		-			570			570
Operating Income		27,321		11,019		38,340		(6,305	)		2,117			34,152
Other Income and (Deductions), net		2,877		881		3,758		702			(973	)		3,487
Interest Charges, net		7,590		3,375		10,965		7,116			5,560			23,641
Income from Equity Investments		3,492		-		3,492		-			-			3,492
Income (Loss) Before Income Taxes		26,100		8,525		34,625		(12,719	)		(4,416	)		17,490
Income Taxes		8,173		3,048		11,221		(6,229	)		(6	)		4,986
Net Income (Loss)		17,927		5,477		23,404		(6,490	)		(4,410	)		12,504
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-		-		-		6			-			6
Net Income (Loss) attributable to UIL Holdings	$	17,927	$	5,477	$	23,404	$	(6,496	)	$	(4,410	)	$	12,498
Total Capital Expenditures (1)	$	-	$	-	$	31,523	$	32,926		$	6,181		$	70,630
	Three months ended September 30, 2013
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
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
Rate case 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

	Nine months ended September 30, 2014
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
Operating Revenues	$	397,384	$	183,715	$	581,099	$	616,780		$	1,103		$	1,198,982
Purchased power and gas		123,771		-		123,771		321,986			310			446,067
Operation and maintenance		135,282		36,049		171,331		130,761			(11,264	)		290,828
Transmission wholesale		-		65,777		65,777		-			-			65,777
Depreciation and amortization		35,902		12,635		48,537		55,994			7,877			112,408
Taxes - other than income taxes		38,597		26,832		65,429		37,080			465			102,974
Acquisition-related expenses		-		-		-		-			6,090			6,090
Operating Income		63,832		42,422		106,254		70,959			(2,375	)		174,838
Other Income and (Deductions), net		9,503		2,793		12,296		(587	)		(14,075	)		(2,366	)
Interest Charges, net		22,661		9,832		32,493		21,320			16,509			70,322
Income from Equity Investments		10,398		-		10,398		-			-			10,398
Income (Loss) Before Income Taxes		61,072		35,383		96,455		49,052			(32,959	)		112,548
Income Taxes		18,015		12,262		30,277		18,749			(13,750	)		35,276
Net Income (Loss)		43,057		23,121		66,178		30,303			(19,209	)		77,272
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-		-		-		(21	)		-			(21	)
Net Income (Loss) attributable to UIL Holdings	$	43,057	$	23,121	$	66,178	$	30,324		$	(19,209	)	$	77,293
Total Capital Expenditures (1)	$	-	$	-	$	91,600	$	78,278		$	26,293		$	196,171
	Nine months ended September 30, 2013
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
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
Rate case disallowances		17,543		-		17,543		-			-			17,543
Operating Income		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
	Electric Distribution and Transmission (2)
	Distribution		Transmission		Total		Gas Distribution (3)			Other			Total (3)
Total Assets at September 30, 2014	$	-	$	-	$	2,709,623	$	1,996,825		$	151,293		$	4,857,741
Total Assets at December 31, 2013	$	-	$	-	$	2,950,707	$	2,010,246		$	183,267		$	5,144,220

(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 and Distribution and Transmission column.  Net plant in service is segregated by segment and, as of September 30, 2014, was $1,236.8 million and $658.2 million for Distribution and Transmission, respectively.  As of December 31, 2013, net plant in service was $1,181.1 million and $656.0 million for Distribution and Transmission, respectively.

(3) Includes $266.2 million of goodwill in the Gas Distribution segment as of September 30, 2014 and December 31, 2013.