(UIL) News

UIL Holdings (NYSE:UIL) and proposed merger partner Iberdrola (OTCPK:IBDSF, OTCPK:IBDRY) would pick up the entire $30M tab for cleaning up the long-idled, polluted English Station power plant in New Haven, in an agreement announced today by Connecticut's attorney general.

The agreement is separate from the merger approvals the companies are seeking from the state's utility regulator, whose members have said they cannot consider the cleanup as a condition of approving the merger, but the agreement is contingent on the merger securing all regulators' approvals.

UIL buyout by Iberdroza announced 2-26-15.

Price is $52.75; $10.50 is in cash; $42.25 in stock.
Deal to close by end of 2015 subject to regulatory approval

Price jumps from $42.33 to $51.99 on news.

My $1.73 annual dividend going away; but--$5,000 gain overnight and $8,500 long term gain (tax free in my IRA) will be great.

NOW, looking to maybe sell early (around $52.25 or better) and reinvest proceeds into VZ or T and increase annual dividend somewhat.

Love these announcements! ! !

http://www.forbes.com/sites/energystockchannel/2012/05/18/uil-holding-corp-uil-shares-enter-oversold-territory/

~ Monday! $UIL ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $UIL ~ Earnings expected on Monday *
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.

UIL Holdings Corporation (UIL Holdings) is ownership of its operating regulated utilities. The utility businesses consist of the electric distribution and transmission operations of The United Illuminating Company (UI) and the natural gas transportation, distribution and sales operations of The Southern Connecticut Gas Company (SCG), a subsidiary of Connecticut Energy Corporation (CEC), Connecticut Natural Gas Corporation (CNG), a subsidiary of CTG Resources, Inc. (CTG), and The Berkshire Gas Company (Berkshire), a subsidiary of Berkshire Energy Resources (BER, and together with SCG, CNG, Berkshire, CEC and CTG, the Gas Companies). CEC, CTG and BER are holding companies whose sole business is ownership of their respective operating regulated gas utility. UI is also a 50-50 joint venturer with NRG Energy, Inc. (NRG) in GCE Holding LLC, whose wholly owned subsidiary, GenConn Energy LLC. On November 16, 2010, SCG, CNG and Berkshire were acquired by UIL Holdings.

http://www.google.com/finance?q=UIL