As expected, Connecticut regulators approved Aquarion Water’s sale to Eversource Energy, combining the largest energy and water companies in the state even as Eversource revealed plans to increase electricity rates. 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 entering the year. Aquarion generated revenue of $181 million last year from its Connecticut operations providing service, and profits of $39.7 million. In Connecticut, the company serves some 625,000 customers.
from Business http://www.ctpost.com/business/article/Connecticut-regulators-approve-sale-of-largest-12316615.php
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