Uil Co. Ltd. · KRX:049520
Uil — Wellington Shields & Co. Transmission Seminar (January 2011)
17 slides from Uil's conference presentation, Jan 10, 2011
Slide 1: Wellington Shields & Co. Transmission Seminar
EXHIBIT 99.1 Wellington Shields & Co. Transmission Seminar January 11, 2011 1 Shields Transmission Seminar
Slide 2: Important Note to Investors
Important Note to Investors Safe Harbor Provision Certain statements contained herein, regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These include statements regarding management’s intentions, pla
Slide 3: Today's Topics
Today’s Topics n UIL Corporate Structure, Service Areas n UIL-Wide Projected CapEx n Near-Term n Ten-Year n UIL-Wide Projected Rate Base n Transmission Highlights n Projected Capital Program n Examples of Current Reliability Upgrades n NEEWS Investment n Region-Wide RPS Obligations n Renewable-Enabl
Slide 4: UIL - Corporate Structure, Service Areas
UIL - Corporate Structure, Service Areas UIL Holdings Corporation Service Area Key UI SCG CNG Berkshire Overlapping Territory The United Illuminating Southern Connecticut Gas Connecticut Natural Gas Berkshire Gas Company Company (UI) (SCG) (CNG) (Berkshire) § Service territory: 335 sq § Service terr
Slide 5: UIL Near-Term Regulated Capital Investment
UIL Near-Term Regulated Capital Investment* Total CapEx ($M) 2011P - 2015P Electric Distribution $695 ($M) Electric Transmission 314 Gas Distribution (1) 316 GenConn 63 UIL (Total) $1,389 18% 18% 23% 20% 24% 25% 16% 27% 27% 17% 34% 20% 27% 48% 59% 53% 48% 43% 53% Electric Distribution Electric Trans
Slide 6: UIL-Wide Base 10-yr CapEx Forecast
UIL-Wide Base 10-yr CapEx Forecast Base 10-yr CapEx by Business: ($ in millions) Identified projects with clear need and regulatory support. Notes: *Gas Distribution projected capex provided by Iberdrola, USA prior to closing on the acquisition. ** Equity investment - Devon plant now operating, Midd
Slide 7: Near-Term Average Rate Base Profile
Near-Term Average Rate Base Profile Rate Base (Excluding GenConn Equity Investments): 38% 37% 38% 41% 45% 1% 3% 23% 23% 5% 23% 12% 21% 21% 40% 38% 39% 40% 35% 48% 29% Electric Distribution Electric Transmission CTA Gas Distribution* GenConn Equity Investments: UI’s 50% Share ($M): 2010P 2011P 2012P
Slide 8: Base 10-Yr. Txm Capital Investment Program
Base 10-Yr. Txm Capital Investment Program 2010P - 2019P: $593M Standards Compliance, Other Aging Infrastructure $207M $265M Examples: Examples: n Pequonnock 115 kV Substation Fault Duty n Grand Avenue 115 kV Mitigation (2015*) Switching Station Rebuild n Naugatuck Valley Reliability (2014*) (2012*)
Slide 9: Examples of Current Transmission Reliability Upgrades
Examples of Current Transmission Reliability Upgrades Grand Avenue 115 kV Switching Pequonnock 115 kV Substation Station Rebuild Fault Duty Mitigation § Addresses short circuit capability issues and § Circuit breakers are nearing their capabilities to aged/obsolete infrastructure safely interrupt hi
Slide 10: UI Transmission - NEEWS Investment
UI Transmission - NEEWS Investment UI Participation in CL&P Project: n UI’s portion of investment: greater of $60M or 8.4% of CL&P’s costs for the CT portions … n 8.4% currently estimated at approximately $69M (increased from original estimate of $60M). n First deposit made in December 2010. Refresh
Slide 11: Region-Wide RPS Obligations
Region-Wide RPS* Obligations Region-Wide RPS Obligation thru 2020: Region-Wide Compliance Gap (v. “existing” renewable resources**) forecasted/estimated at ~ 18,000GWh n Unlikely to be satisfied by renewables currently in the ISO-NE queue. n Will require significant additional transmission. See Appe
Slide 12: Renewable-Enabling Transmission
Renewable-Enabling Transmission Significant Region-Wide Need: Potential Solutions Under Study n RPS requirement > 3x current n Need will likely be satisfied by a portfolio available renewables*. of projects. n One promising example is shown below. n CT requirement** is > UI’s entire load. n Gap will
Slide 13: Q&A
Q&A 13 Shields Transmission Seminar
Slide 14: Appendices
Appendices 14 Shields Transmission Seminar
Slide 15: Regulatory Overview
Regulatory Overview › Connecticut Department of Public Utility Control (DPUC) › Distribution currently operating under 2 year rate plan with full revenue decoupling pilot* Distribution › Allowed ROE of 8.75%, based on a capital structure of 50.0% equity › Federal Energy Regulatory Commission (FERC)
Slide 16: CT RPS Requirements
CT RPS Requirements Connecticut RPS Requirements (Percentage of Retail Load) Class I resources include energy derived from solar, wind, fuel cell, methane gas from landfills, ocean thermal, wave, tidal, run-of-river hydropower (<5MW, began operation after July 1, 2003), sustainable biomass (NOx emis
Slide 17: Slide 17
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