Seacoast State Reps Raise Concerns About Eversource Plan to Buy Water Utility
Two state representatives from the Seacoast are raising concerns about Eversource’s plan to buy a water utility company.
Eversource, New England’s largest energy company, announced back in June that it had plans to buy Aquarion, the region’s largest private water company.
The deal spans three states and is valued at about $1.7 billion.
Democratic Representatives Mindi Messmer of Rye and Renny Cushing of Hampton say it’s a bad deal for New Hampshire rate payers, and they've been working to stop it.
Cushing says Eversource should be spending its money on lowering electricity rates for customers, not buying up other companies.
“Rate-payers in the state of New Hampshire have been punished enough already. It’s time for rate relief, not for expansion of a monopoly.”
On Monday, Cushing and Messmer filed a motion with the state Public Utilities Commission asking them to reconsider its earlier decision that the deal didn’t require their approval to move forward.
Eversource objects to the motion and says the PUC acted properly in its earlier decision.