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Stock Market & Financial Investment News

News Breaks
March 13, 2014
04:55 EDTUIL, UIL, UILUIL Holdings management to meet with Brean Capital
Meetings to be held in New York on March 19 and in Boston on March 20 hosted by Brean Capital.
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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