The Connecticut Light and Power Company
CNLHN
Other OTC31.38
USD
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The Connecticut Light and Power Company
CNLHN
(Other OTC)
Recent
price
31.38
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- The Connecticut Light and Power Company engages primarily in electric utility services, delivering electricity to over 1.2 million customers across 149 towns and cities in Connecticut. It operates as a subsidiary of Eversource Energy, headquartered in Hartford, Connecticut, with a founding year dating back over a century. The company provides electric transmission and distribution services; supply of electricity including standard offer service and alternative retail electric supplier options through the Connecticut electric choice program; grid modernization and storm hardening; and infrastructure for renewable energy interconnection including solar and energy storage systems. Its product offerings encompass electricity generation procurement, transmission asset management, distribution services, demand management, and investment in sustainable energy infrastructure. Recent major developments include Eversource Energy's acquisition of a 26-acre portion of the Mystic power property in Massachusetts in December 2024 to support clean energy transition goals. Connecticut Light and Power has been actively involved in grid modernization projects focusing on resilience against climate-related weather events and smart grid technologies. Regulatory and credit rating developments in 2024 reflected challenges from adverse regulatory environments in Connecticut, leading to a downgrade by S&P. The company continues to support and expand the Connecticut electric choice program, offering customers access to multiple alternative electric suppliers to optimize rates. Efforts in 2025 also include collaborations on charging infrastructure for electric bus fleets and renewable energy generation interconnection projects, aligning with regional clean energy initiatives. The company operates within the broader Eversource Energy framework, which completed structural mergers to optimize investment and operational efficiency in the Northeastern United States. The Connecticut Light and Power Company focuses on residential, commercial, and industrial electric utility customers within Connecticut. It participates actively in state regulatory proceedings and programs to promote renewable energy adoption, energy efficiency, and grid reliability. The company’s strategic emphasis on modernization, sustainable infrastructure, and customer choice offerings underscores its role as a leading energy utility in the region. It operates alongside subsidiaries such as Yankee Gas Services and maintains integration with regional grid operators and energy markets. In summary, The Connecticut Light and Power Company is a century-old electric utility subsidiary of Eversource Energy, providing comprehensive electricity transmission, distribution, and supply services across Connecticut. Recent strategic initiatives include acquisitions supporting clean energy, extensive grid modernization endeavors, expansion of competitive electricity supplier programs, and resilience projects geared toward climate adaptation and sustainability. Its operations anchor Connecticut's electric utility infrastructure and support the state’s shifting energy landscape toward renewables and advanced grid technologies.