As Eversource Energy continues to explore the sale of its Aquarion Water subsidiary, it’s unclear exactly how many companies may be interested in buying it. The purchase, however, will have a ripple effect across Connecticut with more than 236,000 customers in 72 municipalities across three states. Financial analysts have said the California-based corporate parent of Connecticut Water Co. is one of the likely suitors for the Bridgeport-based utility. Eversource acquired Aquarion for $1.675 billion in 2017. Another possibility is that Aquarion could be acquired by a private equity firm or a company that does infrastructure investment, according to Miller. One other scenario of Aquarion Water being acquired could involve the state of Connecticut.
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