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Dispute over who will run Aquarion if sale approved centers on 11-member authority, temporary RWA power
Summary
Hearings focused on governance of a proposed Aquarion sale to a regional authority: who appoints members, when temporary powers shift, and what checks bind a board acting for the new authority.
The hearing on the proposed sale of Aquarion Water to a regional authority focused heavily on governance: who will appoint the 11-member Aquarion Water Authority board, how temporary powers exercised by the South Central Connecticut Regional Water Authority would transition, and what limits — if any — bind the representative policy board when it acts on behalf of the new authority.
Why it matters: The governance design determines who makes decisions about rates, long-term contracts and land use after the transaction closes, and witnesses and municipal representatives repeatedly pressed counsel and company witnesses for precise limits on the temporary authority and the mechanism that ends it.
Counsel for the joint applicants said the existing RWA…
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