Aquarion Water Company Sale Debate Heats Up
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The proposed sale of Aquarion Water Company to a nonprofit authority is under scrutiny, with opponents warning of potential rate hikes and supporters highlighting benefits of stable ownership. The deal, valued at $2.4 billion, involves Eversources subsidiary and the South Central Connecticut Regional Water Authority. The state legislature passed special laws to enable the sale, but opponents argue it will lead to significantly increased water rates. The Public Utility Regulatory Authority has given tentative approval, but final ruling is set for March 25th, with appeals expected regardless of the outcome.
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