Eversource just sold Aquarion for $2.4 billion and nobody is talking about it

SOURCE_URL::https://www.reddit.com/r/wallstreetbets/comments/1s4ah2l/eversource_just_sold_aquarion_for_24billion_and/||SOURCE_NAME::Welcome to wallstreetbets. (“Governor” OR “Lieutenant Governor” OR “Attorney General” OR “Secretary of State” OR “State Treasurer” OR “State Auditor” OR “State Comptroller” OR “Comptroller” OR “Controller” OR “Commissioner of Ag)

Connecticut — Eversource has just sold Aquarion for $2.4 billion, but the ramifications of this deal extend far beyond the dollar amount. With the Connecticut Public Utilities Regulatory Authority (PURA) struggling to maintain oversight, the deal could lead to skyrocketing utility rates for residents.

Why it matters: This sale is not just a financial transaction; it represents a significant shift in the power dynamics between utility companies and regulatory bodies. The Connecticut Attorney General has voiced strong opposition, highlighting the potential for increased costs to consumers. Such moves raise alarms about corporate influence over essential services.

What to watch:

• The ongoing response from PURA and the Attorney General’s office.
• Potential legislative actions to mitigate consumer impacts.
• Public reaction and organizing efforts against the sale.

Key figures:

• William Tong, Attorney General — He has actively opposed the sale, warning it will double customer rates.

Source credibility: Welcome to wallstreetbets is a community-driven platform with mixed reliability; while it often provides timely insights, it can lack rigorous fact-checking.

Published: March 26, 2026 3:21 PM

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