Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Make a sustaining gift today to support local journalism!

Eversource Loses Bid To Buy Connecticut Water Company

John K via Flickr CC

Eversource has lost a bid to buy a major water company in Connecticut. Shareholders at Connecticut Water voted overwhelmingly Friday to merge with California-based SJW Group.

Eversource was competing with SJW to make the acquisition. The energy giant argued they'd offer more local control and a complementary service area.

It would have been the company's second foray into the water business. Last year, Eversource purchased Aquarion, the biggest private water company in New England.

An Eversource spokesman declined to comment on the shareholders' vote.

SJW's merger with Connecticut Water is set to close next spring. If it gets regulatory approval, it will form the third-largest private water company in the country.

Annie has covered the environment, energy, climate change and the Seacoast region for NHPR since 2017. She leads the newsroom's climate reporting project, By Degrees.
Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.