New Haven electric utility United Illuminating took out a $105 million credit line with JPMorgan Chase Bank, according to regulatory filing.
The utility opened the credit line on Jan. 13, and it expires six month later, according to the company’s filing on Tuesday with the U.S. Securities and Exchange Commission.
The credit line allows United Illuminating to borrow any amount up to $105 million at various interest rates. When the company reported the credit line, it had not borrowed anything yet from the credit line.
United Illuminating is the subsidiary of New Haven-based UIL Holdings Corp., which also the parent company of Connecticut Natural Gas Corp. and Southern Connecticut Gas Co.
