Connecticut Approves Aquarion Water Sale, Despite Concerns
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Connecticuts Aquarion Water Company to be sold to RWA, raising concerns about potential rate hikes and loss of public ownership benefits. The deal, initially blocked by regulators, was reversed by a court and is set to be finalized on March 25th. The RWA, a quasi-public entity, plans to lower costs and maintain full tax payments to towns. However, critics argue the sale could lead to significant rate increases for customers. A bill in the works aims to add a board seat for Aquarion and give regulators more power to block the deal.
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