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UIL Holdings Corporation Holds Annual Meeting of Shareholders

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  Published in Business and Finance on Tuesday, May 11th 2010 at 12:10 GMT by Market Wire
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NEW HAVEN, Conn.--([ BUSINESS WIRE ])--Today, UIL Holdings Corporation (NYSE: UIL) held its Annual Meeting of Shareowners at Quinnipiac University in Hamden, Conn.

"I would like to acknowledge and thank Pat for his years of service to the Board of Directors of this Company, and his leadership over the last several years as lead director and, most recently, non-executive chair"

James P. Torgerson, UILa™s president and chief executive officer, reported on the Company and answered questions from shareowners in attendance. At the meeting, shareowners elected the Boarda™s 10 directors and ratified the appointment of PricewaterhouseCoopers to audit the Corporationa™s books for 2010.

Also during the meeting, Torgerson acknowledged the service of F. Patrick McFadden, Jr. who has sat on the UIL Board since 1987 and has been its non-executive chair since 2006. McFadden did not stand for re-election to the Board in 2010.

aI would like to acknowledge and thank Pat for his years of service to the Board of Directors of this Company, and his leadership over the last several years as lead director and, most recently, non-executive chair,a Torgerson said.

After the Annual Meeting, the UIL Board of Directors met and declared a quarterly dividend of $0.432 per share on UILa™s common stock. This dividend is payable July 1, 2010 to shareowners on record at the close of business on June 17, 2010.

UIL Holdings Corporation (NYSE:UIL), headquartered in New Haven, Connecticut, is the holding company for The United Illuminating Company, a regulated utility providing electricity and energy related services to 325,000 customers in the Greater New Haven and Bridgeport. For more information on UIL Holdings, visit us at [ http://www.uil.com ].