UIL Holdings Corporation (NYSE:UIL) is the holding company for The United Illuminating Company (UI), a New Haven, Connecticut-based regional distribution utility providing electricity to more than 320,000 customers in the Greater New Haven and Greater Bridgeport areas. Its retail electric service rates are subject to regulation by the Connecticut Department of Public Utility Control (DPUC). UIL's non-utility business is United Capital Investments, Inc. (UCI) which was established to make minority ownership interest investments. UIL Holdings' utility business generated nearly 100% of the company's 2006 revenues of $846.0 million, whereas non-utility operations contributed nominally less than 1%. A break-down of sales per customer reveals that UIL's Retail sector accounted for almost 93% of revenue, the Wholesale sector for 3.3% of revenue, and Other Utility accounted for 3.8% in the 3rd quarter of 2007. The dependence on utility business increased as is evident from a meager $0.005 million generated by the non-utility business during the 3rd quarter of 2007. This amount comprises 0.002% of consolidated revenue in the 3rd quarter of 2007.
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