Pennichuck Expands in Raymond NH
November 28 2006 - 2:42PM
Business Wire
Pennichuck East Utility, a wholly-owned subsidiary of Pennichuck
Corporation, recently completed the acquisition of the community
water system serving the Clearwater Estates condominium community
in Raymond, NH. The Clearwater system serves approximately 200
customers bringing Pennichuck's total customer base in Raymond to
nearly 1,000. The water system and housing project were originally
constructed by Firelake Corporation of Raymond. According to
Bernard Rousseau, Vice President of Pennichuck Water Service Co.,
"The Clearwater community system has an excellent source of supply
and Fire Lake built a state-of-the-art pumping station. All of the
facilities meet our standards and specifications for a new water
system and the Fire Lake people were great to work with."
Pennichuck Corporation is a holding company involved principally in
the supply and distribution of potable water in southern and
central New Hampshire through its three regulated water utilities.
Its non-regulated, water-related activities include operations and
maintenance contracts with municipalities and private entities in
New Hampshire and Massachusetts. The Company�s real estate
operations are involved in the ownership, management and
development of real estate in the greater Nashua, New Hampshire
area. Pennichuck Corporation�s common stock trades on the Nasdaq
Stock Exchange under the symbol �PNNW�. The Company�s website is at
www.pennichuck.com. This news release may contain certain
forward-looking statements with respect to the financial condition,
results of operations and business of Pennichuck Corporation.
Forward-looking statements are based on current information and
expectations available to management at the time the statements are
made, and are subject to various factors, risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors include, but are not limited to, timing and results of
eminent domain proceedings before the NHPUC, and the impact thereof
on consolidated business operations; timing and amount of regulated
water utility rate relief; changes in general economic conditions,
legislation or regulation and accounting factors affecting
Pennichuck Corporation�s financial condition and results of
operations; and, the impact of weather. Investors are encouraged to
access Pennichuck Corporation�s annual and quarterly periodic
reports filed with the Securities and Exchange Commission for
financial and business information regarding Pennichuck
Corporation, including a more detailed discussion of these and
other risks and uncertainties that could affect Pennichuck
Corporation�s forward-looking statements. Pennichuck East Utility,
a wholly-owned subsidiary of Pennichuck Corporation, recently
completed the acquisition of the community water system serving the
Clearwater Estates condominium community in Raymond, NH. The
Clearwater system serves approximately 200 customers bringing
Pennichuck's total customer base in Raymond to nearly 1,000. The
water system and housing project were originally constructed by
Firelake Corporation of Raymond. According to Bernard Rousseau,
Vice President of Pennichuck Water Service Co., "The Clearwater
community system has an excellent source of supply and Fire Lake
built a state-of-the-art pumping station. All of the facilities
meet our standards and specifications for a new water system and
the Fire Lake people were great to work with." Pennichuck
Corporation is a holding company involved principally in the supply
and distribution of potable water in southern and central New
Hampshire through its three regulated water utilities. Its
non-regulated, water-related activities include operations and
maintenance contracts with municipalities and private entities in
New Hampshire and Massachusetts. The Company's real estate
operations are involved in the ownership, management and
development of real estate in the greater Nashua, New Hampshire
area. Pennichuck Corporation's common stock trades on the Nasdaq
Stock Exchange under the symbol "PNNW". The Company's website is at
www.pennichuck.com. This news release may contain certain
forward-looking statements with respect to the financial condition,
results of operations and business of Pennichuck Corporation.
Forward-looking statements are based on current information and
expectations available to management at the time the statements are
made, and are subject to various factors, risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors include, but are not limited to, timing and results of
eminent domain proceedings before the NHPUC, and the impact thereof
on consolidated business operations; timing and amount of regulated
water utility rate relief; changes in general economic conditions,
legislation or regulation and accounting factors affecting
Pennichuck Corporation's financial condition and results of
operations; and, the impact of weather. Investors are encouraged to
access Pennichuck Corporation's annual and quarterly periodic
reports filed with the Securities and Exchange Commission for
financial and business information regarding Pennichuck
Corporation, including a more detailed discussion of these and
other risks and uncertainties that could affect Pennichuck
Corporation's forward-looking statements.
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