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
                 (Exact name of registrant specified in Charter)

 Pennsylvania              001-06659                      23-1702594
- ---------------           ------------               ------------------
(State or other           (Commission                  (I.R.S. Employer
jurisdiction of           File Number)               Identification No.)

762 W. Lancaster Avenue, Bryn Mawr, Pennsylvania                   19010
- ------------------------------------------------                 --------
    (Address of principal executive offices)                     Zip Code

           Registrant's telephone, including area code: (610) 527-8000

                                 Not Applicable
         (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 ---------------- Name: Roy H. Stahl Title: Senior Vice President and General Counsel

EXHIBIT INDEX Exhibit No. Exhibit Page - ----------- ---------------------------------- ---- 99.1 Press Release dated April 27, 2000 5

                                                                    EXHIBIT 99.1

                                                           Contact: Donna Alston
                                                        Director, Communications

FOR RELEASE: April 27, 2000


     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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