The Connecticut Light and Power Company
CNTHN
Other OTC40.10
USD
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The Connecticut Light and Power Company
CNTHN
(Other OTC)
Recent
price
40.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- The Connecticut Light and Power Company is a regulated electric utility primarily engaged in the purchase, delivery, and sale of electricity to residential, commercial, and industrial customers across Connecticut. Its core services include providing retail franchise electric service, managing electric transmission facilities as part of the New England interstate power grid, and maintaining distribution infrastructure covering approximately 4,400 square miles with service to about 1.27 million customers in over 149 cities and towns. The company does not own electric generation facilities but operates transmission and distribution networks critical to electricity supply stability. Founded in 1917 and headquartered in Berlin, Connecticut, it is a wholly owned subsidiary of Eversource Energy, a public utility holding company. Recent developments for the company include a focus on grid modernization efforts, storm hardening to enhance system resilience against extreme weather events, and ongoing collaborations with state agencies to develop electric vehicle infrastructure such as electric bus charging networks. Regulatory changes in Connecticut have influenced the company’s operational and financial environment, with the Public Utilities Regulatory Authority (PURA) appointing new commissioners in 2025, signaling a potential shift toward more balanced regulatory outcomes. The company is also adapting to evolving state policies that promote renewable energy integration and advanced grid technologies. Notably, Eversource and its subsidiaries, including Connecticut Light and Power, have experienced credit rating adjustments following adverse regulatory developments but remain central to regional electric transmission and distribution. The Connecticut Light and Power Company’s product and service offerings encompass wholesale electricity procurement and supply, retail electric service delivery, grid management, and customer energy programs through the Connecticut electric choice program, which allows consumers to select alternative electricity suppliers. The company is actively involved in implementing state energy policies, including meeting increased Renewable Portfolio Standard requirements, supporting energy efficiency programs, and investing in thermal energy network projects, reflecting a strategic alignment with Connecticut’s clean energy and infrastructure goals. Overall, the company operates within the New England electric utility industry, targeting residential, commercial, and industrial markets in Connecticut, with ongoing investments and strategic initiatives aimed at enhancing grid reliability, expanding renewable energy integration, and responding to regulatory and environmental challenges. This description is based on the latest available public information from regulatory, corporate, and industry sources through late 2025.