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UI Plans for Holding Company
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Business New Haven
2/21/2000
By: Kristine Hansen
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NEW HAVEN - The United Illuminating Co. (NYSE: UIL) announced a special shareholders' meeting scheduled for March 17 to ask shareholders for approval to form a holding company to be named UIL Holdings Corp. The holding company plan was previously approved by the state's Department of Public Utility Control (DPUC). Under the plan the corporate entity will be UIL Holdings, within which it will operate two main businesses. The regulated utility business will operate under UI and the non-regulated business will operate under United Resources Inc.
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