Eversource, a leading utility company, announced on Monday that they have sold Aquarion Water Company to Aquarion Water Authority (AWA) for $2.4 billion. The sale is part of Eversource’s strategy to invest in its core electric and natural gas businesses, improve reliability for customers, and strengthen its financial position. Eversource Chairman, President, and CEO Joe Nolan highlighted the company’s commitment to providing safe and reliable services to customers in Connecticut, Massachusetts, and New Hampshire. The sale of Aquarion is seen as a move to optimize Eversource’s portfolio and reinforce its position as the largest regulated utility in New England. The company will continue to collaborate with stakeholders to deliver cost-effective solutions. Eversource also warned customers to be cautious of scams following the sale of Aquarion. Overall, this transaction reflects Eversource’s dedication to enhancing its operations and benefiting its customers.
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