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Eversource sells Aquarion Water for $1.6 billion
Eversource Energy announces sale of Aquarion Water Company for $2.4 billion
The sale, which is valued at approximately $2.4 billion, includes $1.6 billion in cash and $800 million in net debt to be extinguished at closing. The total value represents 1.7 times the rate base as of December 2024.
Eversource sells its Aquarion water business to Conn. authority for $2.4 billion
Nearly eight years after Eversource decided to dive into the water business, the utility is getting out of it entirely with a deal to sell its Aquarion Water Co. division to a newly created quasi-public authority in Connecticut.
Eversource agrees to sell Aquarion Water to the Regional Water Authority for $2.4 billion
Eversource said previously it would sell Aquarion after utility regulators in 2023 denied a rate increase for Aquarion
1d
Will the $2.4 billion acquisition of Aquarion affect customer rates? Not everyone agrees.
Officials of the New Haven-based Regional Water Authority say their planned multi-billion deal to acquire Aquarion Water ...
2d
Eversource Strengthens Focus on Electric, Gas Business with $2.4 Billion Aquarion Sale
Eversource to sell Aquarion Water for $2.4B to reduce debt and reinvest in core businesses. EPS growth target reaffirmed.
3d
Eversource Energy Announces Sale of Aquarion Water Company
Eversource Energy (NYSE:ES) ("Eversource") today announced that it has entered into a definitive agreement to sell Aquarion ...
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