- CEO
- Paul Chodak
- Full Time Employees
- 1,599
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 107 Selden Street Berlin CT United States of America 06037-1616
- IPO Date
- Oct 15, 2003
- Business
- The Connecticut Light and Power Company (CL&P), a wholly owned subsidiary of Eversource Energy, operates as a regulated electric utility, engaging in the purchase, transmission, delivery, and sale of electricity to approximately 1.27 million residential, commercial, and industrial customers across 149 cities and towns in Connecticut, spanning about 4,400 square miles; it furnishes retail franchise electric service through its distribution business while participating in Eversource Energy's electric transmission operations serving broader New England customers; the company does not own generation facilities but maintains transmission infrastructure integrated into the regional interstate power grid. Founded in 1917 and headquartered at 107 Selden Street in Berlin, Connecticut, CL&P focuses on reliable service amid growing demand, supported by ongoing grid modernization efforts including underground cable replacements and substation developments. In recent developments, CL&P issued a $300 million bond offering in August 2024 to support infrastructure investments; participated in Eversource's expanded five-year capital plan totaling $24.2 billion through 2029, with heightened emphasis on transmission ($6.8 billion) and distribution ($10.3 billion) projects driven by electrification and resiliency needs; advanced a $315.8 million underground transmission cable modernization project in Hartford, approved in June 2024 with construction underway through 2027; and declared preferred dividends in March 2025 amid regulatory shifts like Connecticut's Senate Bill 4 enabling storm cost securitization from 2018-2025, though facing a Moody's rating downgrade to Baa1 in 2025 due to the state regulatory environment.