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Connecticut Approves Water Company Sale to Public

Published 4 weeks, 1 day ago
Description

Connecticuts largest water company, Aquarion Water Company, is set to be sold to the Regional Water Authority for $2.4 billion. This marks a shift to public ownership, with community leaders taking charge instead of shareholders. However, the deal faces opposition from Attorney General William Tong and local leaders, who fear increased costs and loss of local control. The sale was initially rejected but was later approved, with legal challenges still pending.

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