Created in 1971, UIL Holdings Corporation operates as a diversified energy delivery company. The business is a publicly traded venture that markets its common shares on the New York Stock Exchange. It uses the ticker symbol UIL. While the holding business is not more than 45 years in the industry, the companies it oversees have been around for more than 100 years.
Headed by their president and CEO, James P. Torgerson, UIL Holdings serves as the parent company of the Connecticut Natural Gas Corporation (CNG), The Berkshire Gas Company (BGC), The Southern Connecticut Gas Company (SCG) and The United Illuminating Company (UI). In total, these businesses provide jobs to more than 1,800 employees in the two states they serve. The focus of the company are the states of Connecticut and Massachusetts.
For more than 100 years, the companies engage in the delivery of electricity, the distribution of natural gas and other energy related services. UI continues to engage in the delivery and transmission of electricity in the Greater New Haven and Bridgeport areas in Connecticut. Both SCG and CNG are natural gas distribution ventures that serve the state of Connecticut, while Berkshire Gas serves the natural gas needs of consumers in Western Massachusetts. There are more than 725,000 consumers who make use of the services offered by the company. They supply the energy needs of 67 communities in the two states. Through organic growth and strategic acquisition, UIL Holdings expands and grows its assets of more than $5 billion.
UIL Holdings is registered as one of the components of the Wilshire 5000 Index. It remains dedicated to providing clean and reliable energy to the communities they serve and innovates its offerings to better serve their customers and their shareholders.