Eversource(US:ES) 智通财经网·2025-11-20 01:47Core Viewpoint - Eversource Energy's stock dropped over 12% following the rejection of its proposal to sell its subsidiary Aquarion Water for $2.4 billion by the Connecticut Public Utilities Regulatory Authority [1] Group 1: Transaction Details - The Connecticut regulatory group deemed the proposed sale of Aquarion Water financially and technically feasible but rejected it due to "structural issues and local control deficiencies" in the governance structure [1] - Aquarion Water serves 230,000 customers and is the largest water utility in Connecticut [1] Group 2: Opposition and Concerns - Opponents, including Connecticut Attorney General William Tong, warned that the transaction could lead to increased household utility costs, reduced local tax revenues, and weakened oversight of water rates [1] Group 3: Financial Implications for Eversource - Eversource Energy intended to use the proceeds from the sale to reduce debt and reinvest in its core electricity and natural gas operations [1]