Attorney General William Tong today praised a decision by the Public Utilities Regulatory Authority to deny the sale of Aquarion Company to a new nonprofit that would have doubled household bills and gut public oversight of water utility rates and consumer protections.
“This deal was a costly loser for Connecticut families and PURA was right to reject it,” said Attorney General Tong. “Eversource desperately wanted to offload Aquarion, and they concocted this maneuver to extract as much cash as possible by guaranteeing the new entity free reign to jack up rates. Eversource is free to find a new buyer, but should understand that any new attempt to end public regulatory oversight over water bills for hundreds of thousands of Connecticut families is going to be a non-starter here,” said Attorney General Tong.