Eversource Energy Finalizes Sale of Aquarion Water Company
Eversource Energy has closed its sale of Aquarion Water Company, marking a major portfolio shift for the New England utility giant.
Eversource Energy (NYSE: ES) announced Monday that it has officially closed the sale of its Aquarion Water Company subsidiary, completing a divestiture that signals a significant strategic realignment for one of New England's largest energy utilities. The deal marks the end of Eversource's ownership of the water business it had operated alongside its core electric and gas operations.
The completion of the Aquarion sale is part of Eversource's broader effort to streamline its asset portfolio and sharpen its focus on its regulated electric and natural gas utility businesses. Divestitures of this scale typically allow utilities to reduce debt, improve financial flexibility, and redirect capital toward core infrastructure investments.
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Aquarion Water Company serves customers across Connecticut, Massachusetts, and New Hampshire, making it one of the largest investor-owned water utilities in New England. The sale transfers that water service responsibility to the acquiring party, though Eversource did not disclose additional transaction terms in its announcement.
For Eversource shareholders and analysts, the closing of this deal is a closely watched development as the company has faced pressure in recent years to strengthen its balance sheet and refocus operations following challenges including the wind-down of its offshore wind investments. The Aquarion sale represents a concrete step in that restructuring effort.
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