Connecticut Water Authority Plans Record $2.4 Billion Bond Sale to Finance Buyout, Leading to Water-Fee Hikes

The Aquarion Water Authority in Connecticut is preparing for a $2.4 billion bond sale, the largest in the state's history, to finance its acquisition of a water company from Eversource Energy. This move is expected to result in water-fee increases of over 8% next year, followed by annual increases of more than 6% through 2035 for customers in dozens of towns.