UIL Holdings (UIL) Misses Q4 EPS by 7c

UIL Holdings (NYSE: UIL) reported Q4 EPS of $0.56, $0.07 worse than the analyst estimate of $0.63.

Consolidated earnings for 2014 and 2013 reflect certain non-recurring after-tax items, which are explained below.

• Acquisition-related expenses recorded in the full year and fourth quarter 2014 associated with the now-terminated proposed acquisition of Philadelphia Gas Works
• Reserves recorded in the full year and fourth quarter 2014 and the full year 2013 related to the transmission return on equity (ROE) proceedings pending at the Federal Energy Regulatory Commission (FERC)
• A regulatory write-off associated with certain Generation Service Charge (GSC) revenues and expenses relating to the period from 2004 through 2013, recorded in the full year and fourth quarter 2014
• Regulatory adjustments associated with the electric distribution rate case recorded in the full year and fourth quarter 2013

For earnings history and earnings-related data on UIL Holdings (UIL) click here.

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