Connecticut Water Finalizes Major Merger With Eversource Competitor

Oct 10, 2019

A big water company merger has closed in Connecticut – leaving Eversource out to dry.

New Hampshire's biggest electric utility wanted to buy Connecticut Water. It had tried to beat out a California-based company called SJW Group for the acquisition.

But the SJW deal is now complete. The company's merger with Connecticut Water creates the third-biggest investor-owned water utility in the country.

Connecticut Water serves customers in its home state and in Maine. It would have been the second water company in Eversource's portfolio, had that deal moved forward.

Eversource bought Aquarion, then the largest private water company in New England, in 2017. They say that made them the first and only U.S. electric company to also own a water utility.