Aquarion Water Company Transfers to Nonprofit for $2.4B
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Connecticuts Public Utility Regulatory Authority greenlights Aquarion Water Companys sale to a nonprofit group for $2.4 billion. The deal, involving $1.6 billion in cash and $800 million in debt, promises local control, direct representation for western Connecticut users, and potentially slower rate increases in the long run due to cheaper borrowing costs for nonprofits.
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