Company Overview of The Connecticut Light and Power Company
The Connecticut Light and Power Company, a regulated electric utility, engages in the purchase, delivery, and sale of electricity to residential, commercial, and industrial customers. As of December 31, 2012, it furnished retail franchise electric services to approximately 1.2 million customers in 149 cities and towns in Connecticut. The company was founded in 1905 and is based in Berlin, Connecticut. The Connecticut Light and Power Company operates as a subsidiary of Northeast Utilities.
107 Selden Street
Berlin, CT 06037
Founded in 1905
Key Executives for The Connecticut Light and Power Company
Chief Executive Officer and Director
Compensation as of Fiscal Year 2013.
The Connecticut Light and Power Company Key Developments
Connecticut's Public Utilities Regulatory Authority Calls for Suspension of Enhanced Tree Trimming by Connecticut Light and Power Company and United Illuminating Company
Mar 11 14
Connecticut's Public Utilities Regulatory Authority (PURA) requested that tree trimming efforts by the Connecticut Light and Power Company (CLandP) and United Illuminating Company (UI) temporarily be scaled back following public opposition and concerns raised regarding the plans. Based on its review of information and testimony recently submitted by UI and CLandP, as well as elected officials and ratepayers, PURA directed that CLandP and UI voluntarily curtail "enhanced" tree trimming programs, including removal of entire trees, pending a final ruling in its proceeding. The PURA initiated its investigation as part of Governor Dannel P. Malloy's multi-pronged storm disaster preparedness and recovery initiatives. In this proceeding, the PURA sought to expand its evidentiary record to assess and address Connecticut utility companies' tree trimming plans to prevent excessive weather-related infrastructure damage. In its ruling today, the PURA directs CLandP and UI to respond in writing to the suspension request within three business days. The ruling does not seek a suspension of routine vegetation management activities.
The Connecticut Light and Power Company Reports Earnings Results for the Third Quarter and First Nine Months Ended September 2013
Oct 31 13
The Connecticut Light and Power Company (CL&P) reported earnings results for the third quarter and first nine months ended September 2013. The company earned $64.9 million in the third quarter of 2013, compared with $73.5 million in the third quarter of 2012, excluding merger and related settlement costs. Lower third quarter results primarily resulted from the aforementioned transmission reserve.
The company earned $215 million in the first nine months of 2013, compared with $170.1 million in the first nine months of 2012, excluding merger and related settlement costs. Improved year-to-date results were due primarily to CL&P's increased transmission investment, lower operation and maintenance expense, and higher distribution revenues.
The Connecticut Light and Power Company, Special/Extraordinary Shareholders Meeting, Dec 12, 2013
Oct 25 13
The Connecticut Light and Power Company, Special/Extraordinary Shareholders Meeting, Dec 12, 2013., at 10:30 US Eastern Standard Time. Location: 107 Selden Street. Agenda: To authorize the company to continue, for a 10-year period expiring March 31, 2024, to issue or assume unsecured indebtedness of any maturity in an amount up to 20% of aggregate capitalization, notwithstanding the 10% limitation on unsecured debt with maturities of less than 10 years; to approve an amendment to the Charter to eliminate the provisions of the Charter that prohibit the company from issuing or assuming unsecured indebtedness with a maturity of less than 10 years in excess of a 10% of capitalization limitation on the issuance of such indebtedness; and to transact such other business as may properly come before the meeting or any adjournment thereof.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|