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Energy & Utilities

Merger costs drain CT Water's 2Q net

Joe Cooper |

Connecticut Water Service Inc. posted lower second-quarter net income due, in large part, to costs tied to the Clinton utility's proposed $1.1 billion cash merger with California's SJW Group.

CT Water, suitor amend $1B merger pact

Gregory Seay |

The California suitor for Connecticut Water Service Inc. has amended its $1.1 billion merger offer to all cash from stock to mute “distractions'' from any competing offers.

CT Green Bank takes novel approach to preserve clean-energy mission

Matt Pilon |

In an unusual move for a state entity, the quasi-public Connecticut Green Bank has spun out a nonprofit to help it carry on several key energy-efficiency programs amid a major funding...

Quantum's latest Southington energy-saver

Matt Pilon |

Southington's Quantum Biopower, which last year launched Connecticut's first-ever anaerobic digestion facility in town, has installed a rooftop solar array it says will reduce its headquarters'...

Eversource’s 2Q profits rise

Joe Cooper |

Eversource Energy posted higher second-quarter profits thanks to gains from its recently acquired water company and electric transmission business.

DEEP paves way for Millstone's power bid

Matt Pilon |

A potential hiccup in controversial competition for long-term electricity contracts that involves Connecticut's sole nuclear power plant appears to have been averted, after state regulators tweaked...

Green Bank CEO contemplates CT’s solar growth pace

Matt Pilon |

Solar panels across Connecticut generated 463 gigawatt hours of electricity last year, according to a report recently published by Environment Connecticut.

Eversource upgrades aim to fortify electrical system, prevent outages

Joe Cooper |

Utility Eversource Energy on Wednesday said it is continuing the installation of roughly 3,000 new utility poles across Connecticut to provide annual system upgrades and curb increased electrical use...

Avangrid 2Q profits fall 12%

Joe Cooper| Matt Pilon |

Orange-based electric-gas utility parent Avangrid on Tuesday said its second-quarter profits fell by about 12 percent due in large part to storm-related interruptions at its two wind farms.

Bond commission to seed crumbling foundation fund

Matt Pilon |

A major infusion of money to assist Connecticut homeowners who have fallen victim to a rash of crumbling foundations in the state could be approved Wednesday.

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