U.S. Markets close in 7 mins

Connecticut Water board approves $45.6M capital spending plan for 2014

The Board approved $37.8M for The Connecticut Water Company, the regulated utility subsidiary that serves about 90,000 customers, or about 300,000 people, in Connecticut. The Board also approved $7.8M for CTWS's operations in the state of Maine. CTWS expects the Biddeford & Saco Water Company, which was acquired in December 2012, to be legally merged into The Maine Water Company by the end of 2013. When the merger is completed, Maine Water will serve about 32,000 customers, or about 100,000 people, in the state of Maine.