Aquarion Company Completes The Acquisition Of The Torrington Water Company
10/03/22, 2:37 PM
Aquarion Company (Aquarion), today announced that it has completed the acquisition of The Torrington Water Company (TWC). Aquarion, based in Bridgeport, Connecticut, provides regulated water service through its operating subsidiaries to customers in Connecticut, Massachusetts, and New Hampshire. TWC is a water utility based in Torrington, Connecticut providing regulated water service to Connecticut customers in Torrington and to portions of Burlington, Harwinton, Litchfield, and New Hartford and is now a wholly-owned subsidiary of Aquarion.
Company Info
Company info
The Aquarion Water Authority is a quasi-public corporation created by the state of Connecticut specifically for the purpose of acquiring Aquarion Water Company. It is formed to manage the water and wastewater services previously operated by Eversource, and it will benefit from tax-exempt bonding and will not need to charge customers a return on equity for its services.