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Connecticut Towns Face Water-Fee Hikes as Bonds Finance Buyout

Connecticut Towns Face Water-Fee Hikes as Bonds Finance Buyout
Bloomberg Markets Monday 13 July 2026, 15:56 UTC By Martin Z Braun 1 min read
Key Points

Connecticut Towns Face Water-Fee Hikes as Bonds Finance Buyout Dozens of towns in the state known for its hedge funds and Wall Street commuters are about to feel the impact of a rare type of leveraged buyout. The Aquarion Water Authority — a local agency created by Connecticut’s legislature — on Tuesday is planning a $2.4 billion bond sale, the biggest in the state’s history, to pay for the water company it’s buying from Eversource Energy, an investor-owned company.

Connecticut Towns Face Water-Fee Hikes as Bonds Finance Buyout Dozens of towns in the state known for its hedge funds and Wall Street commuters are about to feel the impact of a rare type of leveraged buyout. The Aquarion Water Authority — a local agency created by Connecticut’s legislature — on Tuesday is planning a $2.4 billion bond sale, the biggest in the state’s history, to pay for the water company it’s buying from Eversource Energy, an investor-owned company.
Connecticut (LOCATION) Bonds Finance (ORG) The Aquarion Water Authority (ORG) Eversource Energy (ORG)
Originally published by Bloomberg Markets Read original →

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