Download the Audacy App and listen to WTIC:
https://go.audacy.com/wtic/download
BERLIN, Conn. (WTIC Radio) - Eversource announces a 2.4-billion-dollar sale of its Aquarion Water Company subsidiary to the newly-created Aquarion Water Authority.
The Utility says the proceeds from the sale will go toward paying down parent company debt.
They also say it will be reinvested into core electric and natural gas businesses.
The sale is subject to regulatory approvals.
Aquarion serves nearly 250,000 water and wastewater customers in 72 cities and towns across Connecticut, Massachusetts, and New Hampshire.
