Eversource to buy Aquarion in $1.68 billion dealStaff Writer | June 2, 2017
Eversource Energy announced Friday it has reached agreement to buy Aquarion Water Co. for $1.68 billion, combining New England's largest electric and gas utility with a dominant water company in Connecticut.
Acquisition Eversource will be divesting itself of generation assets
The two companies share service territory in western Connecticut and other parts of the state in addition to areas in Massachusetts and New Hampshire.
Eversource will be divesting itself of generation assets in New Hampshire and the Aquarion acquisition is expected to replace those earnings, Pretyman said.
Since 2007, Aquarion has been owned by a partnership led by Macquarie Infrastructure Partners. ■