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
                 -----------------------------------------------
                 (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.)
incorporation)



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
                                                                    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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