Aquarion Water Authority to acquire Aquarion Water Company from Eversource Energy for for $2.4bn.

Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut, agreed to acquire Aquarion Water Company, the public water supply company, from Eversource Energy, an energy provider, for $2.4bn. “This transaction reinforces our commitment to our core electric and natural gas operations as the largest regulated utility in New England, allowing us to optimize our portfolio and strengthening our balance sheet while reinvesting capital to benefit our customers. We will continue to collaborate with all stakeholders across our service territories in Connecticut, Massachusetts and New Hampshire to deliver cost-effective solutions that ensure safe, reliable electric and natural gas service for our customers,” Joe Nolan, Eversource Chairman, President and CEO.