UIL (UIL) 8-K Regulation FD Disclosure

Exhibit 99.4

FINANCIAL STATEMENTS

OF

THE BERKSHIRE GAS COMPANY

AS OF SEPTEMBER 30, 2015 AND DECEMBER 31, 2014 AND

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2014

(UNAUDITED)

TABLE OF CONTENTS

	Page Number
Financial Statements:
Statement of Income for the three and nine months ended September 30, 2015 and 2014	3
Balance Sheet as of September 30, 2015 and December 31, 2014	4
Statement of Cash Flows for the nine months ended September 30, 2015 and 2014	6
Statement of Changes in Shareholder’s Equity	7

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THE BERKSHIRE GAS COMPANY

STATEMENT OF INCOME

(In Thousands)

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Operating Revenues	$	6,758		$	7,330		$	58,954		$	64,727
Operating Expenses
Operation
Natural gas purchased		603			1,459			22,382			30,678
Operation and maintenance		6,275			5,477			19,477			17,727
Depreciation and amortization		2,041			1,853			6,933			6,338
Taxes - other than income taxes		690			657			2,359			2,174
Total Operating Expenses		9,609			9,446			51,151			56,917
Operating Income (loss)		(2,851	)		(2,116	)		7,803			7,810
Other Income and (Deductions), net		359			284			788			437
Interest Charges, net
Interest on long-term debt		842			869			2,526			2,609
Other interest, net		1			-			(1	)		1
		843			869			2,525			2,610
Amortization of debt expense and redemption premiums		31			30			93			93
Total Interest Charges, net		874			899			2,618			2,703
Income (Loss) Before Income Taxes		(3,366	)		(2,731	)		5,973			5,544
Income Taxes		(1,486	)		(1,060	)		2,179			2,190
Net Income (Loss)	$	(1,880	)	$	(1,671	)	$	3,794		$	3,354

THE BERKSHIRE GAS COMPANY

STATEMENT OF COMPREHENSIVE INCOME

(In Thousands)

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net Income (Loss)	$	(1,880	)	$	(1,671	)	$	3,794		$	3,354
Other Comprehensive Income (Loss)		(1	)		(5	)		(1	)		(2	)
Comprehensive Income (Loss)	$	(1,881	)	$	(1,676	)	$	3,793		$	3,352

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THE BERKSHIRE GAS COMPANY

BALANCE SHEET

ASSETS

(In Thousands)

(Unaudited)

	September 30, 2015		December 31, 2014
Current Assets
Unrestricted cash and temporary cash investments	$	11,647	$	6,734
Accounts receivable less allowance of $1,706 and $1,381, respectively		5,215		12,217
Unbilled revenues		931		5,516
Current regulatory assets		4,952		6,496
Deferred income taxes		104		-
Natural gas in storage, at average cost		2,305		3,935
Materials and supplies, at average cost		908		968
Other		2,408		1,720
Total Current Assets		28,470		37,586
Other Investments		905		1,027
Net Property, Plant and Equipment		137,931		131,321
Regulatory Assets		35,994		37,823
Deferred Charges and Other Assets
Unamortized debt issuance expenses		764		857
Goodwill		51,933		51,933
Other		406		54
Total Deferred Charges and Other Assets		53,103		52,844
Total Assets	$	256,403	$	260,601

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THE BERKSHIRE GAS COMPANY

BALANCE SHEET

LIABILITIES AND CAPITALIZATION

(In Thousands)

(Unaudited)

	September 30, 2015			December 31, 2014
Current Liabilities
Current portion of long-term debt	$	2,393		$	2,393
Accounts payable		3,589			10,466
Accrued liabilities		3,262			3,509
Current regulatory liabilities		2,563			-
Deferred income taxes		-			1,439
Interest accrued		618			862
Taxes accrued		8,499			8,898
Total Current Liabilities		20,924			27,567
Deferred Income Taxes		25,399			25,942
Regulatory Liabilities		30,437			28,910
Other Noncurrent Liabilities
Pension accrued		9,103			9,036
Environmental remediation costs		4,105			4,105
Other		7,065			7,062
Total Other Noncurrent Liabilities		20,273			20,203
Commitments and Contingencies
Capitalization
Long-term debt		44,996			45,698
Common Stock Equity
Paid-in capital		106,095			106,095
Retained earnings		8,290			6,196
Accumulated other comprehensive loss		(11	)		(10	)
Net Common Stock Equity		114,374			112,281
Total Capitalization		159,370			157,979
Total Liabilities and Capitalization	$	256,403		$	260,601

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THE BERKSHIRE GAS COMPANY

STATEMENT OF CASH FLOWS

(In Thousands)

(Unaudited)

	Nine Months Ended September 30,
	2015			2014
Cash Flows From Operating Activities
Net income	$	3,794		$	3,354
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		7,026			6,431
Deferred income taxes		(2,938	)		(2,733	)
Pension expense		981			828
Regulatory activity, net		4,925			1,254
Other non-cash items, net		358			1,288
Changes in:
Accounts receivable, net		6,672			649
Unbilled revenues		4,585			4,837
Prepayments		(124	)		1,732
Natural gas in storage		1,630			(380	)
Accounts payable		(7,481	)		(1,557	)
Interest accrued		(244	)		(243	)
Taxes accrued/refundable, net		(962	)		4,212
Accrued liabilities		(247	)		(2,861	)
Accrued pension		(914	)		(360	)
Other assets		(294	)		(2,204	)
Other liabilities		22			3,197
Total Adjustments		12,995			14,090
Net Cash provided by Operating Activities		16,789			17,444
Cash Flows from Investing Activities
Plant expenditures including AFUDC debt		(10,176	)		(6,845	)
Net Cash used in Investing Activities		(10,176	)		(6,845	)
Cash Flows from Financing Activities
Payment of common stock dividend		(1,700	)		(3,900	)
Net Cash used in Financing Activities		(1,700	)		(3,900	)
Unrestricted Cash and Temporary Cash Investments:
Net change for the period		4,913			6,699
Balance at beginning of period		6,734			6,890
Balance at end of period	$	11,647		$	13,589
Non-cash investing activity:
Plant expenditures included in ending accounts payable	$	777		$	735

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THE BERKSHIRE GAS COMPANY

STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY

September 30, 2015

(Thousands of Dollars)

(Unaudited)

	Common Stock				Paid-in		Retained			Accumulated Other Comprehensive
	Shares		Amount		Capital		Earnings			Income (Loss)			Total
Balance as of December 31, 2014		100	$	-	$	106,095	$	6,196		$	(10	)	$	112,281
Net income								3,794						3,794
Other comprehensive income, net of deferred income taxes											(1	)		(1	)
Payment of common stock dividend								(1,700	)					(1,700	)
Balance as of September 30, 2015		100	$	-	$	106,095	$	8,290		$	(11	)	$	114,374

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