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Eversource Energy strengthens focus on electric and gas business with $2.4 billion Aquarion sale

January 29, 2025
Eversource Energy, a leading provider of electric and gas services in New England, has announced the sale of its water utility subsidiary, Aquarion, for $2.4 billion. The move comes as part of Eversource's strategy to focus on its core electric and gas businesses. The sale of Aquarion will allow Eversource to invest further in its electric and gas infrastructure, ensuring a reliable and sustainable energy supply for its customers. The company plans to use the proceeds from the sale to fund future capital investments and strengthen its position in the rapidly evolving energy market. This strategic decision demonstrates Eversource's commitment to delivering value to its shareholders and meeting the evolving needs of its customers.

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Investor opinions & comments:

Eversource's commitment to delivering value to shareholders is commendable
— from MoneyMiles at 02-01-2025 17:25
I hope this decision doesn't result in higher prices for Eversource's electric and gas customers
— from MoneyMark at 02-01-2025 09:50
I'm not convinced that selling Aquarion is the best move for Eversource. Water utility can also be a profitable business
— from CashCathy at 02-01-2025 08:51
I applaud Eversource for prioritizing a reliable and sustainable energy supply for their customers
— from SmartSophie at 02-01-2025 07:38
I'm curious to see how this sale will impact Eversource's future growth and profitability
— from MarketMikayla at 01-31-2025 13:37
I wonder how this decision will affect Aquarion and its customers
— from MoneyJoe at 01-29-2025 19:24
This is a smart move by Eversource to focus on their core business and invest in their electric and gas infrastructure
— from InvestorIsabella at 01-29-2025 16:26
I'm concerned that by focusing solely on electric and gas, Eversource may neglect other potential areas of growth and diversification
— from LoganWard at 01-29-2025 15:28
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