Attached files
file | filename |
---|---|
8-K - FORM 8-K - UIL HOLDINGS CORP | y04036e8vk.htm |
EX-4.2 - EX-4.2 - UIL HOLDINGS CORP | y04036exv4w2.htm |
EX-4.3 - EX-4.3 - UIL HOLDINGS CORP | y04036exv4w3.htm |
EX-4.1 - EX-4.1 - UIL HOLDINGS CORP | y04036exv4w1.htm |
EX-1.1 - EX-1.1 - UIL HOLDINGS CORP | y04036exv1w1.htm |
EX-99.1 - EX-99.1 - UIL HOLDINGS CORP | y04036exv99w1.htm |
Exhibit 5.1
Wiggin and Dana llp | 203.363.7600 | |||
400 Atlantic Street | 203.363.7676 fax | |||
P.O. Box 110325 | ||||
Stamford, Connecticut | ||||
06911-0325 | ||||
www.wiggin.com |
October 7, 2010
UIL Holdings Corporation
157 Church Street
New Haven, CT 06506
157 Church Street
New Haven, CT 06506
Re: | UIL Holdings Corporation Registration Statement on Form S-3 |
Ladies and Gentlemen:
We have acted as counsel to UIL Holdings Corporation, a Connecticut corporation (the Company), in
connection with the issuance of $450 million aggregate principal amount of 4.625% Notes due 2020
(the Notes), pursuant to a Senior Indenture dated as of October 7, 2010, as supplemented by the
First Supplemental Indenture thereto dated October 7, 2010 (collectively, the Indenture), in each
case between the Company and The Bank of New York Mellon, as trustee (the Trustee). The Notes
will be issued in an underwritten public offering pursuant to the Companys Registration Statement
on Form S-3 (Registration No. 333-157854), as filed with the Securities and Exchange Commission on
March 11, 2009 (at the time it became effective, the Registration Statement), pursuant to the
Securities Act of 1933, as amended (the Securities Act), and the related prospectus dated March
11, 2009 and prospectus supplement dated October 4, 2010 (collectively, the Prospectus).
We have examined the Registration Statement, the Prospectus, the Indenture, the Notes and documents
and records of the Company and other documents, matters of fact and questions of law that we have
deemed necessary for the purposes of this opinion. In our examination, we have assumed the
authenticity of original documents and the genuineness of all signatures, the conformity to the
originals of all documents submitted to us as copies, and the truth, accuracy, and completeness of
the information, representations, and warranties contained in the records,
documents, instruments, and certificates we have reviewed. We have also assumed that each party
(other than the Company) to the Indenture and the Notes has duly executed and delivered such
documents and such documents constitute the legal, valid and binding obligations of each such party
thereto.
New Haven | Stamford New York | |
Hartford | Philadelphia |
UIL Holdings Corporation
October 7, 2010
Page 2
October 7, 2010
Page 2
Based upon the foregoing, we are of the opinion that the Notes, when executed by the Company and
authenticated by the Trustee in accordance with the Indenture and delivered to purchasers thereof
against payment therefor, will constitute valid and legally binding obligations of the Company
enforceable against the Company in accordance with their terms. Our foregoing opinion is qualified
to the extent the same may be limited or affected by: (i) bankruptcy, insolvency, reorganization,
moratorium, fraudulent transfer or other similar laws now or hereafter in effect and affecting the
rights and remedies of creditors generally or providing for the relief of debtors; (ii) general
principles of equity (regardless of whether such enforceability is considered in a proceeding in
equity or law), including, without limitation, concepts of materiality, reasonableness, good faith
and fair dealing; (iii) the refusal of a particular court to grant equitable remedies (including,
without limitation, specific performance and injunctive relief) or a particular remedy sought under
a document as opposed to another remedy provided for therein or another remedy available at law or
in equity; (iv) public policy considerations under applicable law; and (v) the qualification that
certain remedial provisions may be unenforceable in whole or in part under certain laws and
judicial decisions, but the inclusion of such provisions does not make the remedies afforded by
such documents inadequate for the practical realization of the rights and benefits purported to be
provided thereby.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Current Report on Form 8-K of
even date herewith, incorporated by reference into the Registration Statement, and to the reference
to this firm under the headings Legal matters and Validity of securities in the Prospectus. In
giving this consent, we do not hereby admit that we are in the category of persons whose consent is
required under Section 7 of the Securities Act or related rules, nor do we admit that we are
experts with respect to any part of the Registration Statement within the meaning of the term
expert as used in the Securities Act or related rules.
Very truly yours, |
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/s/ Wiggin and Dana LLP | ||||