Aquarion signs purchase agreement with New Hartford

Aquarion signs purchase agreement with New Hartford

NEW HARTFORD — Aquarion Water Company has signed an Asset Purchase Agreement with the Town of New Hartford, starting the process of Aquarion’s acquisition of the town’s municipal water and wastewater systems, according to a company statement.

The sale to Aquarion was approved by New Hartford voters in 2021. Aquarion’s purchase is subject to the approval of Connecticut’s Public Utilities Regulatory Authority, the Department of Energy and Environmental Protection, and Department of Public Health, according to the statement.

New Hartford will use an estimated $3.5 million of the proceeds to clear debts and another estimated $3.6 million to extend sewer lines to Pine Meadow, according to town officials, in a March 8, 2021 story in the Register Citizen. The remaining money will be used to temporarily subsidize rates for water and sewer users, and provide money for improved connection costs for new sewer users, according to the New Hartford Water Pollution Control Authority.

“We have had the privilege of operating New Hartford’s wastewater system since 2016 and are proud of our track record of serving the community,” said Aquarion President Donald Morrissey. “Through this acquisition, we will leverage our considerable experience to ensure New Hartford residents are able to count on their water and wastewater systems for decades to come.”

“Aquarion has a well-deserved reputation of providing safe, quality water and industry-leading customer service at affordable rates,” said New Hartford First Selectman Dan Jerram. “Aquarion’s purchase of these systems will ensure New Hartford’s drinking water and wastewater treatment needs are met, while also providing funding to begin extending sewer lines to more residents to protect our drinking water wells and aquifer.”

Following the signing of the APA, Aquarion will file an application with state regulators for their approval, according to the statement.

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