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March 11, 2014
07:33 EDTUILUIL Holdings weakness creates compelling buying opportunity, says Wells Fargo
After analyzing UIL's acquisition of Philadelphia Gas Works, Wells Fargo remains comfortable with its 2015-2017 EPS estimates for the company. The firm thinks the deal has several positive aspects for UIL, including regulatory diversity and potentially meaningful incremental capital investment opportunities. It keeps an Outperform rating on the shares.
News For UIL From The Last 14 Days
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July 31, 2015
15:24 EDTUILUIL Holdings, Iberdrola USA file new application with PURA
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July 24, 2015
16:44 EDTUILUIL Holdings to invest in natural gas pipeline project
UIL Holdings Corporation (UIL) will invest in a natural gas transmission pipeline project that, when complete, is expected to alleviate capacity constraints in the system that serves New England and the northeast region. UIL announced its investment in the development of Kinder Morganís (KMI) proposed Northeast Energy Direct natural gas pipeline project, which will extend approximately 188 miles of new transmission pipeline from New York State, through Massachusetts and New Hampshire. The new pipeline is expected to begin commercial operation in 2018. Under an agreement signed this week, UIL has acquired a 2.5% interest, or approximately $80M, in Northeast Expansion. UIL will also have additional options -- under limited circumstances -- to increase its equity participation. Northeast Expansion is the joint venture responsible for development, construction and ownership of the new pipeline, which will be part of Kinder Morganís Tennessee Gas Pipeline system.

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