A look at Connecticut Water Service Inc.’s acquisition of Aqua Maine

Authors

James McCarthy

Source

Mainebiz

Date

1-21-2013

Pages

1, 12-14

Abstract

A look at Connecticut Water Service Inc.’s acquisition of Aqua Maine (now Maine Water Co.) and Biddeford & Saco Water Co. The Connecticut utility’s decision to expand its customer base into a different regulatory and geographic area allows it to minimize risks (for example, a very wet summer in one region could be offset by a particularly dry one in another) and put more money into the hands of its investor-owners. The smaller Maine utilities benefit from the acquisition by increased access to capital. With a sidebar that discusses the problem of aging infrastructure for water utilities.

Subjects

Water companies, Consolidation and merger of corporations

Recommended Citation

McCarthy, James, "A look at Connecticut Water Service Inc.’s acquisition of Aqua Maine " (2013). Maine News Index – MaineBiz. 5942.
https://digitalcommons.portlandlibrary.com/news_mainebiz/5942