- Business
- The Connecticut Light and Power Company (CL&P), doing business as Eversource in Connecticut, operates as a regulated electric utility, providing purchase, delivery, and sale of electricity to approximately 1.27 million residential, commercial, and industrial customers across 149 cities and towns covering 4,400 square miles in Connecticut; it also participates in Eversource Energy's electric transmission business serving New England customers through an interstate power grid, without owning generation facilities. Founded in 1917 and headquartered in Berlin, Connecticut, CL&P functions as a wholly owned subsidiary of Eversource Energy, the largest energy delivery system in New England serving 4.4 million customers across electric, natural gas, and water utilities in Connecticut, Massachusetts, and New Hampshire. In recent developments, CL&P issued a $300 million registered bond offering in 2024 to support operations; faced credit rating downgrades in late 2024 by S&P and others for its Connecticut subsidiaries amid adverse regulatory developments; and continues infrastructure investments amid a 2025 management audit of Eversource's Connecticut operations covering system operations, finance, and customer service.