2004 Annual Report UIL HOLDINGS CORPORATION


Thelma R. Albright Former President, Carter Products Division, Carter Wallace Inc. Marc C. Breslawsky Chairman and Chief Executive Officer, Imagistics International, Inc. David E. A. Carson Former Chief Executive Officer, People’s Bank Arnold L. Chase Chairman of the Board of Directors and President, Gemini Networks, Inc. Executive Vice President, Chase Enterprises John F. Croweak Former Chairman of the Board of Directors, Anthem Blue Cross & Blue Shield of Connecticut, Inc. Betsy Henley-Cohn Chairperson/Treasurer of the Board of Directors, Joseph Cohn & Son Inc. Chairperson, BIW Limited John L. Lahey President, Quinnipiac University F. Patrick McFadden, Jr. Lead Director Former Chairman, Citizens Bank of Connecticut Daniel J. Miglio Former Chairman, President and Chief Executive Officer, Southern New England Telecommunications William F. Murdy Chairman of the Board and Chief Executive Officer, Comfort Systems USA James A. Thomas Former Associate Dean, Yale Law School Nathaniel D. Woodson Chairman of the Board of Directors, President and Chief Executive Officer, UIL Holdings Corporation	Seated, from left, B. Henley-Cohn, J. Croweak, and W. Murdy. Standing, from left, N. Woodson, T. Albright, A. Chase, F. McFadden, Jr., J. Thomas, D. Miglio, J. Lahey, D. Carson, and M. Breslawsky

	New Haven’s historic and newly restored Union Station provides the backdrop for this photo of the members of UIL Holdings Board of Directors. Union Station is a critical link in Connecticut’s transportation infrastructure and is a key participant in the economic revival of New Haven and Bridgeport, Connecticut, the two major cities in The United Illuminating Company’s service territory. Union Station is served by Amtrak and Connecticut’s Metro North commuter rail lines. It is a gateway and major rail interchange for commuters working in New Haven and for passengers and goods heading to destinations in all directions. Each year, more than 33 million passenger trips run on these lines, the majority between New Haven and New York. A modern transportation system, like a dependable electric infrastructure capable of meeting twenty-first century demands, is an important element in stimulating sustainable economic growth. As an important transportation hub for Connecticut, Union Station helps ensure the mobility of people and commerce as well as connectivity between state, regional, national and global economies. Union Station also contributes to New Haven’s local quality of life by providing a gateway to a diverse venue of cultural and community resources and as a location for numerous events and functions.

	Following the sale of American Payment Systems, Inc. in 2004, UIL Holdings Corporation realigned its financial functions. Accounting, treasury and corporate planning functions, which were based in the holding company, have been combined with similar functions in the Corporation’s utility subsidiary, The United Illuminating Company. Richard Nicholas has been appointed Executive Vice President and Chief Financial Officer of UIL in addition to his previous position as Vice President of Finance and Chief Financial Officer of UI, replacing Louis Paglia. Susan Allen, Vice President of Investor Relations and Corporate Secretary of UIL, has been appointed Treasurer of UI and UIL in addition to her current responsibilities, replacing Charles Pepe when he retires in 2005.