PURA recommends sale of Aquarion Water to the Regional Water Authority
The authority agreed to the sale despite "serious misgivings about the financial terms of the transfer."
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The Connecticut Public Utilities Regulatory Authority on Friday recommended the controversial sale of Aquarion Water to the Regional Water Authority.
PURA has said that it has "serious misgivings about the financial terms of the transfer."
In November, PURA rejected the sale over rate concerns. Since then, a judge ordered the agency to take second look at the deal.
MORE: Fazio: Other buyers may pursue Aquarion after sale rejection
Officials have said the sale could lead to higher rates for customers.
The sale is subject to a final vote by PURA commissioners. That vote is scheduled for March 25.
