Aquarion Water Company Completes the Purchase of Ansonia, CT Municipal Wastewater System [Yahoo! Finance]
Eversource Energy (D/B/A) (ES)
Last eversource energy (d/b/a) earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
The purchase marks the largest privatization of a municipal wastewater system in New England. "We are delighted to welcome Ansonia residents and businesses to the Aquarion family," said Donald Morrissey , President of Aquarion Water Company. "We look forward to providing our newest customers with outstanding customer service and a long-term commitment to protecting the environment." "The sale of the wastewater system is another step in the revitalization of Ansonia and will allow the City to focus on and fully fund our core strengths of public safety, education, and economic development while stabilizing both sewer and tax rates for years to come," said Ansonia Mayor David Cassetti The $41 million transaction includes a commitment from Aquarion to invest an additional $15 million in infrastructure improvements over its first five years of ownership. The system serves 5,800 customer connections in Ansonia . Aquarion currently provides water service to many of the communities surr
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