PURA gives final OK to sale of Aquarion Water Co.

CT regulators will allow the controversial sale of Aquarion

A trickle of water comes out of the faucet.(Steve Helber / AP)The water company that supplies hundreds of thousands of people across New England can be sold after all. Opponents say it's a cash grab by Eversource that will cost Connecticut residents.The ruling allows Eversource to sell Aquarion to the New Haven-based Regional Water Authority for $3.4 billion. The deal would take Aquarion out from under public oversight and, opponents say, let th…

CT Officials React To PURA Approval Of Aquarion Water Co. Sale

Aquarion is currently owned by Eversource. As a corporate-owned public utility, it is regulated by PURA, which has authority to set rates and scrutinize its service.

PURA gives final OK to sale of Aquarion Water Co.

This story has been updated. Connecticut regulators gave final approval to the proposed sale of the Aquarion Water Company on Wednesday, paving the way for the state’s largest water utility to become a public entity. The Public Utilities Regulatory Authority voted 3-0, with two members abstaining, to allow Aquarion parent company Eversource to sell the utility to the South Central Connecticut Regional Water Authority, or RWA. The decision was fi…

CT Attorney General: Sale of Aquarion Projected to Double Household Bills, Gut Oversight

Attorney General William Tong said PURA ignored widespread opposition and approved the sale of Eversource-owned Aquarion to a new nonprofit that is projected to double household bills and will gut public oversight of water utility rates and consumer protections.