UIL Holdings (UIL)

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The United Illuminating Company Pension Plan (the “UI Pension Plan”). This Plan was closed to new entrants effective as of May 1, 2005, with respect to non-unionized employees hired on or after that date. Mr. Torgerson and Ms. Randell were hired after that date and therefore are not covered by this plan.

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The United Illuminating Company 401(k)/Employee Stock Ownership Plan (the “UI KSOP”). Like other non-unionized employees hired after May 1, 2005, because Mr. Torgerson and Ms. Randell are not eligible to participate in the UI Pension Plan or retiree medical plan, they are eligible for an annual employer contribution under the UI KSOP equal to 4% of salary (up to $225,000 in 2007) plus an additional $1,000.

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The UIL Holdings Deferred Compensation Plan (the “DCP”)—designed to permit eligible executives to save for retirement in greater amounts than permitted under the UI KSOP.

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The United Illuminating Company Supplemental Executive Retirement Plan (the “SERP”)—designed to provide benefits based on the UI Pension Plan formula, but calculated on compensation in excess of applicable qualified plan limits. Because Mr. Torgerson and Ms. Randell are not covered by the qualified Pension Plan, they are also not covered by the SERP.