UIL HOLDINGS CORP - FORM 8-K - EX-99.2 - UIL EXHIBIT 99.2 - FINANCIAL STATEMENTS OF CONNECTICUT NATURAL GAS CORPORATION AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (UNAUDITED).

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EX-99.1 - UIL EXHIBIT 99.1 -FINANCIAL STATEMENTS OF THE UNITED ILLUMINATING COMPANY AS OF AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (UNAUDITED). - UIL HOLDINGS CORP	uil_exh99-1.htm
EX-99.3 - UIL EXHIBIT 99.3 - FINANCIAL STATEMENTS OF THE SOUTHERN CONNECTICUT GAS COMPANY AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (UNAUDITED). - UIL HOLDINGS CORP	uil_exh99-3.htm
8-K - UIL FORM 8-K DATED SEPTEMBER 9, 2011 - UIL HOLDINGS CORP	uil_form8kdated09092011.htm
EX-99.4 - UIL EXHIBIT 99.4 - FINANCIAL STATEMENTS OF THE BERKSHIRE GAS COMPANY AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (UNAUDITED). - UIL HOLDINGS CORP	uil_exh99-4.htm

							EXHIBIT 99.2

FINANCIAL STATEMENTS

OF

CONNECTICUT NATURAL GAS CORPORATION

AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(UNAUDITED)

CONNECTICUT NATURAL GAS CORPORATION

TABLE OF CONTENTS

	Page
	Number

Financial Statements:

Statement of Income for the three and six months ended June 30, 2011 and 2010		3

Balance Sheet as of June 30, 2011 and December 31, 2010		4

Statement of Cash Flows for the six months ended June 30, 2011 and 2010		6

Statement of Changes in Shareholder's Equity		7

CONNECTICUT NATURAL GAS CORPORATION
STATEMENT OF INCOME
(In Thousands)
(Unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,

	2011			2010			2011			2010


Operating Revenues	$	56,672		$	51,297		$	222,925		$	205,583

Operating Expenses
Operation
Natural gas purchased		27,874			25,580			136,530			125,893
Operation and maintenance		18,104			15,007			33,524			31,724
Depreciation and amortization		5,888			5,718			11,735			11,383
Goodwill impairment charge		-			90,923			-			90,923
Taxes - other than income taxes		4,123			3,901			12,447			12,203
Total Operating Expenses		55,989			141,129			194,236			272,126
Operating Income		683			(89,832	)		28,689			(66,543	)

Other Income and (Deductions), net		296			797			(818	)		3,851

Interest Charges, net
Interest on long-term debt		2,586			2,648			5,261			5,278
Other interest, net		439			371			685			712
		3,025			3,019			5,946			5,990
Amortization of debt expense and redemption premiums		44			44			88			88
Total Interest Charges, net		3,069			3,063			6,034			6,078


Income Before Income Taxes, Equity Earnings		(2,090	)		(92,098	)		21,837			(68,770	)

Income Taxes		(375	)		(830	)		7,216			8,656

Net Income		(1,715	)		(91,268	)		14,621			(77,426	)
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		13			13			26			26

Net Income attributable to Connecticut Natural Gas Corporation	$	(1,728	)	$	(91,281	)	$	14,595		$	(77,452	)

CONNECTICUT NATURAL GAS CORPORATION
BALANCE SHEET

ASSETS
(In Thousands)
(Unaudited)
	June 30,		December 31,
	2011		2010
Current Assets
Unrestricted cash and temporary cash investments	$	2,712	$	49,521
Accounts receivable less allowance of $5,100 and $3,609, respectively		44,489		53,310
Unbilled revenues		6,352		18,534
Inter-company receivable		40,000		-
Current regulatory assets		17,271		19,192
Deferred income taxes		2,288		1,625
Natural gas in storage, at average cost		41,471		54,630
Materials and supplies		872		745
Prepayments		501		5,366
Derivative assets		20		353
Total Current Assets		155,976		203,276

Other investments		1,922		1,920

Net Property, Plant and Equipment		417,969		418,023

Regulatory Assets (future amounts due from customers through the ratemaking process)		127,193		135,300

Deferred Charges and Other Assets
Unamortized debt issuance expenses		1,297		1,868
Goodwill		115,767		115,068
Other		1,608		882
Total Deferred Charges and Other Assets		118,672		117,818

Total Assets	$	821,732	$	876,337

CONNECTICUT NATURAL GAS CORPORATION
BALANCE SHEET

LIABILITIES AND CAPITALIZATION
(In Thousands)
(Unaudited)
	June 30,			December 31,
	2011			2010
Current Liabilities
Current portion of long-term debt	$	3,915		$	3,915
Accounts payable		34,930			40,036
Accrued liabilities		12,445			12,781
Current regulatory liabilities		13,419			10,073
Interest accrued		2,652			2,738
Taxes accrued		2,938			9,462
Total Current Liabilities		70,299			79,005

Noncurrent Liabilities
Pension accrued		53,688			60,371
Other post-retirement benefits accrued		18,068			17,515
Other		10,493			11,631
Total Noncurrent Liabilities		82,249			89,517

Deferred Income Taxes (future tax liabilities owed to taxing authorities)		18,530			13,863


Regulatory Liabilities (future amounts owed to customers through the ratemaking process)		142,802			139,452

Commitments and Contingencies

Capitalization
Long-term debt		161,849			163,805

Preferred Stock of Subsidiary
Redeemable preferred stock, noncontrolling interests		750			750

Common Stock Equity
Common stock		33,233			33,233
Paid-in capital		351,545			350,827
Retained earnings		(39,537	)		5,868
Accumulated other comprehensive income		12			17
Net Common Stock Equity		345,253			389,945

Total Capitalization		507,852			554,500

Total Liabilities and Capitalization	$	821,732		$	876,337

CONNECTICUT NATURAL GAS CORPORATION
STATEMENT OF CASH FLOWS
(In Thousands)
(Unaudited)

	Six Months Ended
	June 30,
	2011			2010
Cash Flows From Operating Activities
Net income attributable to Connecticut Natural Gas Corporation	$	14,595		$	(77,452	)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		11,822			11,383
Deferred income taxes		4,424			(4,820	)
Pension expense		3,328			3,272
Goodwill impairment charge		-			90,923
Deferred purchased gas		11,404			14,161
Other non-cash items, net		886			(11,756	)
Changes in:
Accounts receivable, net		7,321			5,147
Unbilled revenues		12,182			12,193
Prepayments		4,865			2,950
Natural gas in storage		13,159			19,512
Accounts payable		(5,528	)		(14,253	)
Interest accrued		(86	)		16
Taxes accrued		(6,524	)		24,357
Accrued liabilities		(336	)		(1,915	)
Accrued pension		(9,458	)		828
Other assets		(347	)		2,794
Other liabilities		(887	)		2,971
Total Adjustments		46,225			157,763
Net Cash provided by Operating Activities		60,820			80,311

Cash Flows from Investing Activities
Inter-company receivable		(40,000	)		-
Plant expenditures including AFUDC debt		(7,599	)		(6,837	)
Other		(2	)		4,149
Net Cash (used in) Investing Activities		(47,601	)		(2,688	)

Cash Flows from Financing Activities
Payment of common stock dividend		(60,000	)		(11,000	)
Other		(28	)		(26	)
Net Cash provided by Financing Activities		(60,028	)		(11,026	)

Unrestricted Cash and Temporary Cash Investments:
Net change for the period		(46,809	)		66,597
Balance at beginning of period		49,521			1,747
Balance at end of period	$	2,712		$	68,344

CONNECTICUT NATURAL GAS CORPORATION
STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY
June 30, 2011
(Thousands of Dollars)
(Unaudited)

										Accumulated
										Other
	Common Stock				Paid-in		Retained			Comprehensive
	Shares		Amount		Capital		Earnings			Income			Total
Balance as of December 31, 2010		10,634,436	$	33,233	$	350,827	$	5,868		$	17		$	389,945

Net income								14,621						14,621
Adjustment to goodwill						718								718
Other comprehensive income, net of tax											(5	)		(5	)
Payment of common stock dividend								(60,000	)					(60,000	)
Payment of preferred stock dividend								(26	)					(26	)
Balance as of June 30, 2011		10,634,436	$	33,233	$	351,545	$	(39,537	)	$	12		$	345,253

UIL HOLDINGS CORP - FORM 8-K - EX-99.2 - UIL EXHIBIT 99.2 - FINANCIAL STATEMENTS OF CONNECTICUT NATURAL GAS CORPORATION AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010 (UNAUDITED). - September 9, 2011