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UIL > SEC Filings for UIL > Form 8-K on 30-Oct-2009All Recent SEC Filings

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Form 8-K for UIL HOLDINGS CORP


30-Oct-2009

Results of Operations and Financial Condition, Regulation FD Disclosure, Financ


Item 2.02 Results of Operations and Financial Condition

On October 30 2009, UIL Holdings Corporation (the Registrant or UIL Holdings) issued a press release announcing its financial results for the three and nine month periods ended September 30, 2009 and the increasing of its 2009 earnings guidance mid-point. A copy of the Registrant's press release is attached hereto as Exhibit 99.



Item 7.01 Regulation FD Disclosure

On November 1, 2009, James P. Torgerson, President and Chief Executive Officer, and Richard J. Nicholas, Executive Vice President and Chief Financial Officer, will give a presentation in Hollywood, Florida at the 44th Annual EEI Financial Conference. The presentation contains items previously not disclosed in reports filed by the Registrant with the Securities and Exchange Commission. Among these items, which relate to the Registrant's subsidiary, UI, are (a) non-rate base earnings relative to conservation and demand response programs and (b) additional details regarding major distribution and smart grid capital projects. A copy of the Registrant's presentation is attached hereto as Exhibit 99.1.

The information in this Form 8-K shall not be deemed to be "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the Exchange Act), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Use of Non-GAAP Measures

UIL Holdings believes earnings per share (EPS) information as presented in its earnings guidance is useful in understanding the earnings expectations for the business, as a whole. The amounts presented in the earnings guidance show the EPS from continuing operations for each of UIL Holdings' lines of business. EPS is calculated by dividing the projected 2009 net income from continuing operations for each line of business by the projected average number of shares of UIL Holdings common stock outstanding for 2009. Total EPS from continuing operations is a generally accepted accounting principles (GAAP)-basis presentation.

Certain statements contained herein, regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These include statements regarding management's intentions, plans, beliefs, expectations or forecasts for the future. Such forward-looking statements are based on UIL Holdings' expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements. Such risks and uncertainties include, but are not limited to, general economic conditions, legislative and regulatory changes, changes in demand for electricity and other products and services, unanticipated weather conditions, changes in accounting principles, policies or guidelines, and other economic,


competitive, governmental, and technological factors affecting the operations, markets, products and services of UIL Holdings' subsidiary, The United Illuminating Company. The foregoing and other factors are discussed and should be reviewed in UIL Holdings' most recent Annual Report on Form 10-K and other subsequent periodic filings with the Securities and Exchange Commission. Forward-looking statements included herein speak only as of the date hereof and UIL Holdings undertakes no obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits - The following exhibits are filed as part of this report:

99 Press release, dated October 30, 2009.
99.1 Presentation slides for the 44th Annual EEI Financial Conference


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