- 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 14, 1994
- Business
- The Connecticut Light and Power Company The Connecticut Light and Power Company (CL&P), a wholly owned subsidiary of Eversource Energy, 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 in Connecticut, covering over 4,400 square miles; it provides retail franchise electric services, including standard service options under Connecticut's deregulated market where customers may select alternative suppliers for supply while CL&P handles delivery and transmission; and supports grid reliability through investments in infrastructure such as smart switches, renewable interconnections, demand management, energy storage, and storm hardening for substations in flood-prone areas. Founded in 1917 and headquartered at 107 Selden Street in Berlin, Connecticut, the company historically developed hydroelectric, steam, gas-turbine, and other generation assets before shifting focus to distribution and transmission following industry deregulation and its integration into Northeast Utilities (now Eversource). Recent developments include ongoing grid modernization efforts, such as rebuilding aging 115 kV transmission lines, advanced metering infrastructure cost recovery filings with the Connecticut Public Utilities Regulatory Authority (PURA), and Standard Service rate adjustments for January-June 2025; CL&P participates in Eversource's broader regulatory proceedings, including a planned Q2 2026 rate case seeking 25-30% increases amid regulatory scrutiny over Eversource's rejected Aquarion water utility sale; and maintains stable operations with regular preferred dividend declarations, such as for its 2.20% series in 2025, alongside Fitch Ratings affirming its 'A-' long-term issuer default rating tied to low-risk regulated electric transmission and distribution activities.