- 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
- Apr 4, 1994
- Business
- The Connecticut Light and Power Company (CL&P), doing business as Eversource in Connecticut, operates as a regulated electric utility that purchases, transmits, delivers, and sells electricity to approximately 1.27 million residential, commercial, and industrial customers across 149 cities and towns covering 4,400 square miles in Connecticut; its services include retail franchise electric distribution, standard offer supply procurement through full requirements contracts and wholesale markets, local delivery via owned and maintained infrastructure, transmission as part of the interstate New England grid managed by Eversource Energy's electric transmission business, and support for customer choice programs allowing switches to alternative suppliers; CL&P does not own generation facilities but invests in grid modernization, energy efficiency via the Conservation Adjustment Mechanism, public benefits charges for clean energy funds, and infrastructure expansions for load growth, electric vehicle charging, and distributed renewables. Founded in 1917 and headquartered at 107 Selden Street in Berlin, Connecticut, the company functions as a wholly owned subsidiary of Eversource Energy, the largest regulated utility in New England serving Connecticut, Massachusetts, and New Hampshire. Recent developments include regular declarations of preferred dividends in 2024 and 2025 to maintain financial stability, ongoing rate case proceedings with the Connecticut Public Utilities Regulatory Authority for standard service adjustments effective January 2026, strategic responses to regional grid reliability challenges amid rising demand and clean energy transitions, and Eversource parent-level shifts such as the 2024 sale of stakes in Revolution Wind and South Fork Wind offshore projects to Global Infrastructure Partners, the December 2024 acquisition of a Mystic property portion from Constellation for energy hub development, and the January 2025 announcement to sell the Aquarion Water Company subsidiary to refocus on core electric operations.