Philadelphia Suburban Subsidiary Purchases Rolling Green Water Company

August 2, 2002
Philadelphia Suburban Subsidiary Purchases Rolling Green Water CompanyBRYN MAWR, Pa., Aug 2, 2002 (BUSINESS WIRE) -- Philadelphia Suburban Corporation (NYSE:PSC) has expanded its utility operations in Central Pennsylvania with the acquisition of Rolling Green Water Company, a private utility serving nearly 1,300 residents in Monroe Township, Snyder County in a stock transaction valued at $1.2 million.

The system will be operated by PSC's Consumers Pennsylvania offices in Shamokin, Pennsylvania.

The company plans to invest approximately $250,000 over the next several months in system upgrades to ensure that customers have a quality water supply and reliable service. Among those planned improvements is an interconnection with a nearby water supply system.

PSC Chairman Nicholas DeBenedictis said, "This is our sixth growth venture this year in Central and Northeastern Pennsylvania. We are committed to continued growth in the region and look forward to bringing our water quality expertise to a growing number of area residents."

PSC and its operating subsidiaries have announced 13 growth ventures this year. The other five that include water systems in Central Pennsylvania include: 

1.  February 2002 - Pennsylvania Suburban Water Company purchased the
    water system assets of Citizens Water Company of Wapwallopen,
    which serves approximately 180 residents in Conygham Township,
    Luzerne County.

2.  March 2002 -Consumers Pennsylvania Water Company subsidiary
    purchased the water and wastewater system assets of the White
    Haven Municipal Authority, serving nearly 3,000 residents in
    Luzerne and Carbon counties.

3.  April 2002 - PSC's Suburban Environmental Services (SES)
    subsidiary entered into a one-year contract with Foster Township,
    Luzerne County, to provide operations and maintenance services for
    the Hickory Hills wastewater collection and treatment facilities
    (approximately 850 residents) and the Ag-Mar Village Estates
    wastewater collection and treatment facilities (approximately 300
    residents).

4.  May 2002 - Consumers Pennsylvania Water Company (CWC) purchased
    the water system assets of the Schickshinny Lake Property Owner's
    Association, which serves 350 residents in Union Township, Luzerne
    County. CWC had been operating the system since September 2001
    under an operations and management agreement.

5.  June 2002 - Pennsylvania Suburban Water Company acquired National
    Utilities, Inc., a private utility serving nearly 9,000 residents
    in Lackawanna, Luzerne, Monroe, Susquehanna and Wyoming counties.
PSC is the holding company for regulated public utilities that provide water and wastewater services to approximately two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine, and North Carolina.

CONTACT:
Philadelphia Suburban Subsidiary Donna Alston, 610/645-1095 alstond@suburbanwater.com or Joanna Vishio, 610/645-4213 vishioj@suburbanwater.com

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