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Commissioners discuss pending sale of local water utility to regional authority and regulatory approvals ahead
Summary
Members discussed press reports that a regional water authority agreed to buy a water company from Eversource for about $2.4 billion; commissioners said multiple state regulators must still approve the transaction and expressed concern about potential tax and rate impacts.
Commissioners discussed news reports that a regional water authority reached an agreement to buy the local water company from Eversource for roughly $2.4 billion, and noted the transaction must still clear state utility regulators in Connecticut, Massachusetts and New Hampshire.
Mike Collins summarized media reports that the purchaser — referred to in the meeting as the Regional Water Authority — offered $2.4 billion and that the deal included cash plus extinguishment of certain debt. Collins said the Regional Water Authority serves hundreds of thousands of customers in south-central Connecticut and that published headlines…
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