Eversource Energy has completed its $1.7 billion acquisition of Bridgeport’s Aquarion Water Co., which the company says makes it the only U.S.-based electric utility to also own a water utility.
Aquarion will remain a locally owned company and will contribute nearly 230,000 water customers to a total customer base of nearly 4 million electric, natural gas and water customers combined in Connecticut, Massachusetts and New Hampshire, Eversource said.
Connecticut regulators approved the purchase in late October. Massachusetts”™ Public Utilities Regulatory Authority has now given its consent as well, according to Jim Judge, CEO at Eversource, which is headquartered in Hartford and Boston.
