UIL Holdings Corporation
Encyclopedia
Headquartered in New Haven, Connecticut
, UIL Holdings Corporation
is a diversified energy delivery company serving a total of 690,000 electric and natural gas utility customers in 66 communities across two states, with combined total assets of over $4 billion.
UIL is the parent company for The United Illuminating Company (UI), Connecticut Natural Gas
Corporation (CNG), The Southern Connecticut Gas
Company (SCG), and The Berkshire Gas Company (BGC), each more than 100 years old. UI provides for the transmission and delivery of electricity and other energy related services for Connecticut’s Greater New Haven and Bridgeport areas. SCG and CNG are natural gas distribution companies that serve customers in Connecticut, while Berkshire Gas serves natural gas customers in western Massachusetts. UIL employs more than 1,850 people in the New England region.
In May 2010, UIL and Iberdrola USA Inc., a wholly owned subsidiary of Iberdrola S.A.
, announced a definitive agreement under which UIL would acquire the SCG, CNG and BCG. In November 2010, the Connecticut Department of Public Utility Control approved the change of control of the Connecticut gas companies to UIL and the acquisition was finalized on November 16, 2010. The Massachusetts Department of Public Utilities determined its approval was not required with respect to the acquisition of BGC.
Along with UIL’s existing electric utility, UI, the acquisition of the three natural gas companies created an energy delivery company that serves approximately 690,000 utility customers in 66 communities across two states. As a result of the deal, UIL’s total number of employees has grown to approximately 1,858.
New Haven, Connecticut
New Haven is the second-largest city in Connecticut and the sixth-largest in New England. According to the 2010 Census, New Haven's population increased by 5.0% between 2000 and 2010, a rate higher than that of the State of Connecticut, and higher than that of the state's five largest cities, and...
, UIL Holdings Corporation
UIL Holdings Corporation
Headquartered in New Haven, Connecticut, UIL Holdings Corporation is a diversified energy delivery company serving a total of 690,000 electric and natural gas utility customers in 66 communities across two states, with combined total assets of over $4 billion....
is a diversified energy delivery company serving a total of 690,000 electric and natural gas utility customers in 66 communities across two states, with combined total assets of over $4 billion.
UIL is the parent company for The United Illuminating Company (UI), Connecticut Natural Gas
Connecticut Natural Gas
Connecticut Natural Gas is a natural gas distribution company that delivers natural gas and energy services to more than 165,000 residential, commercial and industrial customers in the Greater Hartford area and Greenwich, Connecticut areas. CNG is a subsidiary of UIL Holdings Corporation,...
Corporation (CNG), The Southern Connecticut Gas
Southern Connecticut Gas
-Overview & History:The Southern Connecticut Gas Company is a natural gas distribution company that delivers natural gas and energy services to more than 185,000 residential, commercial and industrial customers along or near the Long Island Sound shoreline. SCG is a subsidiary of UIL Holdings...
Company (SCG), and The Berkshire Gas Company (BGC), each more than 100 years old. UI provides for the transmission and delivery of electricity and other energy related services for Connecticut’s Greater New Haven and Bridgeport areas. SCG and CNG are natural gas distribution companies that serve customers in Connecticut, while Berkshire Gas serves natural gas customers in western Massachusetts. UIL employs more than 1,850 people in the New England region.
History
UIL Holdings Corporation was formed in 2000, after the state of Connecticut embraced deregulation, as the holding corporation for the regulated electric utility UI and United Resources Inc. (URI). At that time, URI was the umbrella for UIL Holdings’ non-regulated business units. By 2006, UIL had divested its non-utility businesses and turned its focus back to its core business.In May 2010, UIL and Iberdrola USA Inc., a wholly owned subsidiary of Iberdrola S.A.
Iberdrola
Iberdrola , headquartered in Bilbao, is a private utility with a global footprint and over 150 years of experience...
, announced a definitive agreement under which UIL would acquire the SCG, CNG and BCG. In November 2010, the Connecticut Department of Public Utility Control approved the change of control of the Connecticut gas companies to UIL and the acquisition was finalized on November 16, 2010. The Massachusetts Department of Public Utilities determined its approval was not required with respect to the acquisition of BGC.
Along with UIL’s existing electric utility, UI, the acquisition of the three natural gas companies created an energy delivery company that serves approximately 690,000 utility customers in 66 communities across two states. As a result of the deal, UIL’s total number of employees has grown to approximately 1,858.