	united uil pact may lower noncash income united illuminating co said that if the department of utility controls approves an ings stipulation agreement submitted march it will reduce through accounting procedures its noncash ings by mln dlrs or dlr per share for the two month period ended february it said the amount of the reduction would amount to cts per share earlier it reported net income for the two month period of mln dlrs of dlr a share united said the approval would lead it to an equity return level comparable with the electric utility industry average reuter 
