Philadelphia Suburban Corporation to Host a Teleconference Regarding the Acquisition of Investor-Owned Water Utilities and Certain Operating and Maintenance Contracts of AquaSource

July 30, 2002
Philadelphia Suburban Corporation to Host a Teleconference Regarding the Acquisition of Investor-Owned Water Utilities and Certain Operating and Maintenance Contracts of AquaSource BRYN MAWR, Pa., Jul 30, 2002 (BUSINESS WIRE) -- Philadelphia Suburban Corporation (NYSE:PSC) - the second largest investor-owned water utility in the United States - will host a teleconference discussing PSC's acquisition of investor-owned water and wastewater systems of AquaSource, Inc., a subsidiary of DQE, Inc. (NYSE:DQE). The call will be held today at 10:00 a.m. Eastern Daylight Time. Interested parties may participate by calling (973) 582-2713.

PSC serves approximately two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine, and North Carolina. PSC is a publicly traded company listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol "PSC" and has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.

CONTACT: Philadelphia Suburban Corporation
Donna Alston, 610/645-1095
alstond@suburbanwater.com
or
Randi Polanich, 610/645-1175
polanichr@suburbanwater.com