SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2015

SEGMENT INFORMATION [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated Financial Statements

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.

(In Thousands)
	Three months ended March 31, 2015
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution		Other			Total
Operating Revenues	$	191,888	$	58,082	$	249,970	$	334,083	$	-		$	584,053
Purchased power and gas		97,102		-		97,102		175,737		(1,217	)		271,622
Operation and maintenance		47,304		13,488		60,792		45,847		(5,292	)		101,347
Transmission wholesale		-		19,709		19,709		-		-			19,709
Depreciation and amortization		14,133		4,196		18,329		21,777		3,178			43,284
Taxes - other than income taxes		15,042		8,381		23,423		17,562		330			41,315
Merger and acquisition-related expenses		-		-		-		-		6,702			6,702
Operating Income		18,307		12,308		30,615		73,160		(3,701	)		100,074
Other Income and (Deductions), net		1,941		1,485		3,426		459		483			4,368
Interest Charges, net		8,039		3,471		11,510		6,707		5,847			24,064
Income from Equity Investments		2,936		-		2,936		-		-			2,936
Income (Loss) Before Income Taxes		15,145		10,322		25,467		66,912		(9,065	)		83,314
Income Taxes		3,853		3,861		7,714		25,664		(7,673	)		25,705
Net Income (Loss)		11,292		6,461		17,753		41,248		(1,392	)		57,609
Less:
Preferred Stock Dividends of Subsidiary, Noncontrolling Interests		-		-		-		7		-			7
Net Income (Loss) attributable to UIL Holdings	$	11,292	$	6,461	$	17,753	$	41,241	$	(1,392	)	$	57,602
Total Capital Expenditures (1)	$	-	$	-	$	38,082	$	23,204	$	9,362		$	70,648

(In Thousands)
	Three months ended March 31, 2014
	Electric Distribution and Transmission
	Distribution		Transmission		Total		Gas Distribution			Other			Total
Operating Revenues	$	145,189	$	58,788	$	203,977	$	367,185		$	-		$	571,162
Purchased power and gas		53,130		-		53,130		214,925			-			268,055
Operation and maintenance		45,817		10,581		56,398		39,656			(3,177	)		92,877
Transmission wholesale		-		20,911		20,911		-			-			20,911
Depreciation and amortization		12,063		4,225		16,288		21,748			2,282			40,318
Taxes - other than income taxes		12,861		8,352		21,213		17,640			683			39,536
Merger and acquisition-related expenses		-		-		-		-			5,051			5,051
Operating Income		21,318		14,719		36,037		73,216			(4,839	)		104,414
Other Income and (Deductions), net		3,186		983		4,169		(981	)		(5,739	)		(2,551	)
Interest Charges, net		7,832		3,204		11,036		6,763			5,435			23,234
Income from Equity Investments		3,386		-		3,386		-			-			3,386
Income (Loss) Before Income Taxes		20,058		12,498		32,556		65,472			(16,013	)		82,015
Income Taxes		6,102		3,852		9,954		26,417			(9,821	)		26,550
Net Income (Loss)		13,956		8,646		22,602		39,055			(6,192	)		55,465
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		-		-		-		13			-			13
Net Income (Loss) attributable to UIL Holdings	$	13,956	$	8,646	$	22,602	$	39,042		$	(6,192	)	$	55,452
Total Capital Expenditures (1)	$	-	$	-	$	33,787	$	19,859		$	11,046		$	64,692

Reconciliation of Total Assets from Segments to Consolidated Financial Statements

	Electric Distribution and Transmission (2)
	Distribution		Transmission		Total		Gas Distribution (3)		Other		Total (3)
Total Assets at March 31, 2015	$	-	$	-	$	2,859,820	$	2,095,806	$	172,722	$	5,128,348
Total Assets at December 31, 2014	$	-	$	-	$	2,876,792	$	2,087,284	$	147,859	$	5,111,935

(1) Capital expenditures are shown on a cash basis.  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 March 31, 2015, was $1,290.4 million and $665.8 million for Distribution and Transmission, respectively.  Net plant in service as of December 31, 2014, was $1,283.6 million and $659.4 million for Distribution and Transmission, respectively.

(3) Includes $266.2 million of goodwill in the Gas Distribution segment as of March 31, 2015 and December 31, 2014.