The State Senate Wednesday approved a proposal that would let the South Central Connecticut Regional Water Authority make a bid to buy Aquarion.
“We want to make sure that Connecticut based competitors have a chance to bid on this,” Sen. Martin Looney , expressing concern that Eversource might sell the utility to a hedge fund or international company. The bill, which garnered a 20-9 party-line vote, now heads to the House of Representatives Thursday. The RWA is also not regulated by the Public Utilities Regulatory Authority, though.
RWA President and CEO Larry Bingaman said the utility does have a transparent process for rate increases, including a vote by a board of directors that has community representatives. The proposed change was included in a broad bill that also altered some changes that will happen to the car tax on July 1.