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UIL TO SELL CONNECTICUT-NEW YORK CROSS SOUND CABLE.
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- Additional Information
- Subject Terms:
- Subject Terms:
- Abstract:
The article reports that the subsidiary companies, UIL Holdings Corp. and TransEnergie HQ Inc., agreed to sell Cross Sound Cable LLC. The price was not disclosed by the UIL, but there is a speculation that the company expects to receive proceeds of about 53 million dollars from the Australia-based Babcock & Brown Infrastructure Ltd. The transaction is expected to be closed in the first quarter of 2006.
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