As expected, Connecticut regulators approved Aquarion Water’s $1.7 billion sale to Eversource Energy, combining the largest energy and water companies in the state even as Eversource revealed plans to increase electricity rates beginning next May. Eversource is paying $880 million in cash and assuming another $795 million in Aquarion debt to acquire the water company from Macquarie, with Aquarion’s assets valued at $1.1 billion as of March. Under CEO Chuck Firlotte, Aquarion generated revenue of $181 million last year from its Connecticut operations, and profits of $39.7 million. In Connecticut, the company serves some 625,000 customers. Read more here.
Town Plan Update/Commercial Center
Donate
In the PayPal special instructions button, you can direct your contribution either to CSE or to CFE (general conservation purposes). Your gift(s) is tax deductible to the extent allowed by the law. Citizens for Easton is a registered 501(c)(3 )organization.
You can also mail your contribution to :
Citizens for Easton
PO Box 151
Easton, CT 06612South Park Avenue Property
