Colonial Water News Today

Dwelley said the town would pay for the project with a 20-year debt exclusion at a borrowing rate of 3.5%.

Bridgeport-based Aquarion Co. said it has agreed to purchase Plainville’s New England Service Co., which operates four water utilities in Connecticut, Massachusetts and New Hampshire. Shareholders of NESC, which trades on the OTC Pink Sheets, would receive 0.51208 shares of Eversource common stock for each NESC share they hold. Aquarion said the value of the transaction is $40.6 million plus approximately $10 million in assumed debt. Based on the April 6 closing share price of Eversource and ...