| Business Summary | | UIL
Holdings
Corporation
is
the
parent
holding
company
for
The
United
Illuminating
Company
(UI)
and
United
Resources,
Inc
(URI).
UI
is
a
regulated
operating
electric
public
utility
established
in
1899,
which
is
engaged
principally
in
the
purchase,
transmission,
distribution
and
sale
of
electricity
for
residential,
commercial
and
industrial
purposes
in
a
service
area
of
about
335
square
miles
in
the
southwestern
part
of
the
State
of
Connecticut.
URI
serves
as
the
parent
corporation
for
several
non-regulated
businesses,
each
of
which
is
incorporated
separately.
URI
has
four
wholly
owned
subsidiaries:
American
Payment
Systems,
Inc.;
Xcelecom,
Inc.;
United
Capital
Investments,
Inc.;
and
United
Bridgeport
Energy,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UIL,
a
holding
co.,
is
engaged
in
the
production,
purchase,
transmission,
and
distribution
of
electricity
for
residential,
commercial,
and
industrial
customers
in
south
western
CT.
For
the
six
months
ended
6/30/01,
revenues
rose
26%
to
$504.7
million.
Net
income
applicable
to
Common
fell
29%
to
$24.7
million.
Revenues
reflect
increased
income
from
non-regulated
business.
Net
income
was
offset
by
an
increase
in
operation
and
maintenance
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
262,509;
after
tax
earnings
were
15,220. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Nathaniel Woodson, 59 Chairman
of Directors, Pres and CEO | $794K | Robert Fiscus, 63 Vice
Chairman, CFO | 479K | Gregory Sages, 45 VP-Fin. | 158K | Susan Allen, 41 VP
of Investor Relations, Sec., Assistant Treasurer | -- | Charles Pepe, 52 Treasurer,
Assistant Sec. | 197K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|