How to Buy Stocks in Connecticut Light & Power
Connecticut Light & Power (CL&P) is a publicly owned and traded electric utility owned by Northeast Utilities (NU). CL&P provides power to 1.2 million Connecticut residents and, as part of Northeast Utilities, it is the largest provider of electricity in New England. Investing in NU is done much the same as any stock trade.
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CL&P Stock
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Northeast Utilities stock is traded on the New York Stock Exchange. CL&P is a subsidiary of Northeast Utilities Systems, and is traded on the New York Stock Exchange under the symbol NU. All information regarding NU stock history, projections and current trading rates can be found at the New York Stock Exchange website (nyse.com).
Get a Broker
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You will need to set up an account with a stock broker to begin the trading process. You may choose an online broker, such as E-trade, or a traditional broker. Any stock broker can invest in CL&P stock for you. It is just a matter of how much of a commission you are willing to pay.
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Setting Up a Trading Account
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To set up an account with a licensed broker, you need to be a U.S. citizen with a social security number. Some brokerages may also require a tax ID number and employment information. A deposit is required for many securities trading accounts, however, there are many accounts that do not require a minimum deposit. For more information on trading account requirements, refer to E-trade.com.
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