SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 2000
Philadelphia Suburban Corporation
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(Exact name of registrant specified in Charter)
Pennsylvania 001-06659 23-1702594
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
762 W. Lancaster Avenue, Bryn Mawr, Pennsylvania 19010
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(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (610) 527-8000
Not Applicable
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(Former name and former address, if changed since last report)
Item 5. Other Events.
The Press Release issued by the Registrant on April 27, 2000
announcing the Pennsylvania Public Utility Commission's approval of
the settlement of the rate case filed by the Registrant's Pennsylvania
water utility operations attached hereto as Exhibit 99.1 is
incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PHILADELPHIA SUBURBAN CORPORATION
Dated: April 27, 2000 By: /s/ Roy H. Stahl
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Name: Roy H. Stahl
Title: Senior Vice President
and General Counsel
EXHIBIT INDEX
Exhibit No. Exhibit Page
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99.1 Press Release dated April 27, 2000 5
EXHIBIT 99.1
Contact: Donna Alston
Director, Communications
610-645-1095
FOR RELEASE: April 27, 2000
PHILADELPHIA SUBURBAN CORPORATION REACHES $17 MILLION RATE SETTLEMENT WITH
PENNSYLVANIA PUBLIC UTILITY COMMISSION
BRYN MAWR, PA, April 27 - Philadelphia Suburban Corporation (NYSE:PSC)
announced today that its Pennsylvania subsidiaries--Philadelphia Suburban Water
Company and Consumers Pennsylvania Water Company--have reached a $17 million
rate settlement with the Pennsylvania Public Utility Commission (PUC). The
settlement was approved unanimously by the commission.
The settlement, which is equivalent to 9.4 percent of the water companies'
revenues, enabled the rate increase to be put into effect immediately. In
conjunction with the rate increase, the companies' current Distribution System
Improvement Charge (DSIC)--which ranges from 2.2 percent to 5.0 percent--will
return to zero percent and be rolled into their new base rates. Had the company
had to fully litigate the case, the increases would not have been able to be
implemented sooner than July.
PSC is one of the nation's largest investor's water companies serving 1.8
million residents in Pennsylvania, Ohio, Illinois, New Jersey and Maine.
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