The Connecticut Light and Power Company (CNLPL)
The Connecticut Light and Power Company operates in the Regulated Electric industry of the Utilities sector, headquartered in Berlin, CT, US. The stock last traded at $52.31, up 0.11% on the session, giving a market capitalisation of $315.7M. On trailing twelve-month figures it carries a trailing P/E of 13.59, a net margin of 1.9%. Its beta of 0.10 implies it has historically moved less than the broad market.
The Connecticut Light and Power Company (CL&P) operates as a regulated electric utility. Its primary function involves the procurement, distribution, and retail sale of electricity to a diverse customer base, including households, businesses, and industrial facilities. As of December 31, 2021, CL&P served roughly 1.27 million retail customers across 149 cities and towns throughout Connecticut, covering an expansive service area of 4,400 square miles. The company, which was established in 1927, maintains its corporate headquarters in Berlin, Connecticut, and is a subsidiary of Eversource Energy.
The Connecticut Light and Power Company is most often compared with the following Utilities names: