Aquarion

A Connecticut Superior Court judge has overturned the state’s rejection of Eversource Energy’s proposed $2.4 billion sale of Aquarion Water Co., ruling that regulators illegally blocked governance structures explicitly authorized by the General Assembly.

Aquarion Water Co. is moving forward with plans to seek an $88 million rate increase, explicitly blaming state regulators for forcing the larger hike by blocking the company’s proposed sale to a nonprofit entity last year.

Connecticut's largest water company, Aquarion, announced its intention to seek a 42% rate increase on Monday.