Connecticut state regulators approve sale of water utility

Aquarion Water's $1.7 billion sale to Eversource Energy, combines the largest energy and water companies in the state.

Oct. 31, 2017

Content Dam Ww Online Articles 2017 10 Signature 962355 640

CONNECTICUT, OCT 31, 2017 -- State regulators have approved Aquarion Water's $1.7 billion sale to Eversource Energy, combining the largest energy and water companies in the state.

According to the Connecticut Post, Eversource will pay $880 million in cash, assuming another $795 million in Aquarion debt to acquire the water company from Macquarie. The company serves 625,000 customers in the state.