Boston Business Journal

Eversource to exit water-utility business

Eversource Energy ‘is moving forward as a pure play regulated pipes and wires utility business’ with its offshore wind divestiture, CEO Joe Nolan said.

Eversource Energy plans to sell its water utility as it works to pay down debt and refocus its business on gas and electric.

Massachusetts-based Eversource said Tuesday it has agreed to sell its Aquarion Water Co. to a newly formed quasi-public utility in Connecticut named the Aquarion Water Authority.

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