PURA Nixes Aquarion Sale
Water system remains part of Eversource By Joe Kelly A proposal to convert the Aquarion Water Company into a non-profit authority was rejected last month by Connecticut’s Public Utilities Regulatory Authority (PURA), which faulted the proposed management structure of the new entity as “unworkable.” The decision means that Aquarion, which is Connecticut’s largest water company […]
PURA to Decide if Aquarion Sale Serves the Public Interest
Draft report due in mid-October By Joe Kelly Major announcements are expected in the coming weeks on a contentious and consequential regulatory decision: Is it in the public interest for the Aquarion Water Company—the largest provider of water in Connecticut and one of the largest privately-owned water utilities in the nation—to shed its for-profit status […]
Eversource to Sell Aquarion, Alter Ownership Structure
Will ending PURA oversight mean higher water rates? By Joe Kelly Aquarion Water Company—and by extension Norfolk’s public water system—may be about to undergo a massive shift in ownership. Eversource Energy, which purchased Aquarion in 2017 but put it up for sale a year ago amid regulatory tensions and reversals in its wind energy investments, […]
Wangum on the Market
Norfolk’s Water Supply to Get New Owner By Joe Kelly Wangum Lake, the pristine, 177-acre reservoir that sits atop Canaan Mountain and supplies Norfolk with thousands of gallons of water every day, will come under new ownership thanks to the pending sale of Aquarion Water Company. Eversource Energy, better known to most people in Norfolk […]
