UIL HOLDINGS CORP - FORM 8-K - 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).

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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-99.2 - 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). - UIL HOLDINGS CORP	uil_exh99-2.htm

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)

THE BERKSHIRE GAS COMPANY

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

THE BERKSHIRE GAS COMPANY
STATEMENT OF INCOME
(In Thousands)
(Unaudited)

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

	2011			2010			2011		2010


Operating Revenues	$	12,892		$	12,401		$	43,419	$	42,935

Operating Expenses
Operation
Natural gas purchased		6,822			5,948			22,363		23,226
Operation and maintenance		3,222			3,086			7,187		6,311
Depreciation and amortization		1,914			1,672			3,627		3,409
Goodwill impairment charge		-			5,994			-		5,994
Taxes - other than income taxes		595			568			1,265		1,206
Total Operating Expenses		12,553			17,268			34,442		40,146
Operating Income		339			(4,867	)		8,977		2,789

Other Income and (Deductions), net		208			663			448		997

Interest Charges, net
Interest on long-term debt		768			803			1,559		1,630
Other interest, net		39			4			44		14
		807			807			1,603		1,644
Amortization of debt expense and redemption premiums		-			22			33		44
Total Interest Charges, net		807			829			1,636		1,688


Income Before Income Taxes, Equity Earnings		(260	)		(5,033	)		7,789		2,098

Income Taxes		(114	)		365			3,032		3,152

Net Income		(146	)		(5,398	)		4,757		(1,054	)
Less:
Preferred Stock Dividends of
Subsidiary, Noncontrolling Interests		1			2			2		3

Net Income attributable to The Berkshire Gas Company	$	(147	)	$	(5,400	)	$	4,755	$	(1,057	)

THE BERKSHIRE GAS COMPANY
BALANCE SHEET

ASSETS
(In Thousands)
(Unaudited)
	June 30,		December 31,
	2011		2010
Current Assets
Unrestricted cash and temporary cash investments	$	4,078	$	5,993
Accounts receivable less allowance of $1,300 and $1,260, respectively		6,251		8,483
Unbilled revenues		214		1,504
Inter-company receivable		10,000		-
Current regulatory assets		938		5,021
Deferred income taxes		909		909
Natural gas in storage, at average cost		3,194		4,872
Materials and supplies		449		392
Prepayments		1,625		1,701
Total Current Assets		27,658		28,875

Other investments		1,548		1,535

Net Property, Plant and Equipment		111,270		111,222

Regulatory Assets (future amounts due from customers through the ratemaking process)		39,736		39,660

Deferred Charges and Other Assets
Unamortized debt issuance expenses		1,115		1,182
Goodwill		52,525		52,476
Other		163		11
Total Deferred Charges and Other Assets		53,803		53,669

Total Assets	$	234,015	$	234,961

THE BERKSHIRE GAS COMPANY
BALANCE SHEET

LIABILITIES AND CAPITALIZATION
(In Thousands)
(Unaudited)
	June 30,			December 31,
	2011			2010
Current Liabilities
Current portion of long-term debt	$	2,393		$	5,417
Accounts payable		3,331			4,354
Accrued liabilities		3,273			3,930
Current regulatory liabilities		2,423			492
Interest accrued		857			877
Taxes accrued		6,148			3,425
Derivative liabilities		8			16
Total Current Liabilities		18,433			18,511

Noncurrent Liabilities
Pension accrued		1,021			1,090
Other		18,445			19,132
Total Noncurrent Liabilities		19,466			20,222

Deferred Income Taxes (future tax liabilities owed to taxing authorities)		14,817			14,372


Regulatory Liabilities (future amounts owed to customers through the ratemaking process)		30,994			32,890

Commitments and Contingencies

Capitalization
Long-term debt		39,792			40,263

Preferred Stock of Subsidiary
Redeemable preferred stock, noncontrolling interests		78			78

Common Stock Equity
Common stock		-			-
Paid-in capital		106,095			106,046
Retained earnings		4,341			2,586
Accumulated other comprehensive income		(1	)		(7	)
Net Common Stock Equity		110,435			108,625

Total Capitalization		150,305			148,966

Total Liabilities and Capitalization	$	234,015		$	234,961

THE BERKSHIRE GAS COMPANY
STATEMENT OF CASH FLOWS
(In Thousands)
(Unaudited)

	Six Months Ended
	June 30,
	2011			2010
Cash Flows From Operating Activities
Net income attributable to The Berkshire Gas Company	$	4,755		$	(1,057	)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		3,627			3,409
Deferred income taxes		(2,225	)		(1,557	)
Pension expense		(60	)		306
Goodwill impairment charge		-			5,994
Deferred purchased gas		3,320			4,021
Other non-cash items, net		1,859			212
Changes in:
Accounts receivable, net		2,233			1,134
Unbilled revenues		1,291			1,045
Prepayments		76			(448	)
Natural gas in storage		1,678			1,829
Accounts payable		(1,572	)		(2,445	)
Interest accrued		(20	)		(25	)
Taxes accrued		2,723			3,578
Accrued liabilities		(657	)		(48	)
Other assets		(268	)		(1,445	)
Other liabilities		(703	)		(313	)
Total Adjustments		11,302			15,247
Net Cash provided by Operating Activities		16,057			14,190

Cash Flows from Investing Activities
Inter-company receivable		(10,000	)		-
Plant expenditures including AFUDC debt		(3,463	)		(1,716	)
Other		1,491			4,692
Net Cash (used in) Investing Activities		(11,972	)		2,976

Cash Flows from Financing Activities
Payment on long-term debt		(3,000	)		(3,000	)
Line of credit		-			(5,700	)
Payment of common stock dividend		(3,000	)		-
Net Cash provided by Financing Activities		(6,000	)		(8,700	)

Unrestricted Cash and Temporary Cash Investments:
Net change for the period		(1,915	)		8,466
Balance at beginning of period		5,993			370
Balance at end of period	$	4,078		$	8,836

Non-cash investing activity:
Plant expenditures included in ending accounts payable	$	739		$	200

THE BERKSHIRE GAS COMPANY
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		100	$	-	$	106,046	$	2,586		$	(7	)	$	108,625

Net income								4,757						4,757
Adjustment to goodwill						49								49
Other comprehensive income, net of tax											6			6
Payment of common stock dividend								(3,000	)					(3,000	)
Payment of preferred stock dividend								(2	)					(2	)
Balance as of June 30, 2011		100	$	-	$	106,095	$	4,341		$	(1	)	$	110,435

UIL HOLDINGS CORP - FORM 8-K - 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). - September 9, 2011