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

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.