UIL Holdings Corporation was 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. In 2015 it merged with Iberdrola USA to form Avangrid.[1]
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.[2]
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.[3]