Hartford conglomerate Northeast Utilities on Thursday announced the creation of a land trust to protect 981 acres in Sharon, Enfield, Newtown, and Waterford valued at $20 million as permanent open space.
The nonprofit, irrevocable land trust is part of NU's agreement with Connecticut regulators over the approval of the company's $5 billion merger with Boston utility NStar. The merged NU is based in Boston and Hartford.
The Northeast Utilities Land Trust includes four parcels: the 723 acres located on Skiff Mountain in Sharon, 188 acres on the Connecticut River at Kings Island in Enfield, 57 acres on Hanover Road in Newtown, and 13 acres on Bartlett Cove in Waterford. The land is valued at $20 million.
NU President and CEO Tom May made the announcement at 11 a.m. with George Jepsen, Connecticut's attorney general, and Dan Esty, commissioner of the state Department of Energy & Environmental Protection.
The land in the trust will be accessible to the public. An interactive Web site (www.nu.com/landmanagement) will have maps, pictures and videos of the property to help identify hiking trails and other recreation opportunities.