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Eversource’s $1.68B Water Deal Indicates Renewed Convergence of U.S. Critical Infrastructure

08 June 2017
Research Note

One 2 June 2017, Eversource Energy, New England’s largest energy provider, announced plans to acquire Aquarion Water, the region’s largest private water company for $1.68 billion. The two companies share a three-state service territory– Connecticut, Massachusetts and New Hampshire.

This deal highlights the growing interest of critical infrastructure providers in water. Consolidation of gas, power, and water assets is not a new phenomenon, but, given the state of municipal water infrastructure, investor-owned gas and power utilities like Liberty Utilities and People’s Natural Gas are exploring opportunities for portfolio diversification.

For more analysis, see our new report on water mergers and acquisitions.

 

Takeaways

  • Eversource secures solid beachhead with new water market entry.
  • Emerging trends of diversified IOUs rolling-up critical infrastructure assets.
  • Eversource poised to build on new water footprint.

Companies Mentioned

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Utilities are investing more in #WaterInfrastructure. But per capita spend by water utility varies widely: From a low of $157 per person in Riverside County, California to a high of US$11,117 in Miami-Dade County (based on our 10-year forecast) bluefieldresearch.com/researc… pic.twitter.com/tSWlU8EVVD

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