Pennichuck Awarded Salisbury Massachusetts Contract
December 01 2006 - 12:28PM
Business Wire
Pennichuck Water Service Company ("PWSC"), a wholly-owned
subsidiary of Pennichuck Corporation, was recently awarded a
contract to provide operations and maintenance services for the
public water system in Salisbury, MA. PWSC has operated the
Salisbury system since 2001. The new contract extends PWSC's
operations through June of 2007. Salisbury is a community of 8,000
located in northeastern Massachusetts. The town-owned water system
provides drinking water and fire protection service to most of the
town's population. Salisbury Director of Public Works, Donald
Levesque, said "We have had excellent results with Pennichuck as
our operator. The Company has been very reliable and responds well
to the needs of the Town." In addition to the Salisbury contract,
PWSC provides services under several other municipal contracts,
private community water system contracts and to residential
customers under its Watertight water line service program.
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 Water Service
Company ("PWSC"), a wholly-owned subsidiary of Pennichuck
Corporation, was recently awarded a contract to provide operations
and maintenance services for the public water system in Salisbury,
MA. PWSC has operated the Salisbury system since 2001. The new
contract extends PWSC's operations through June of 2007. Salisbury
is a community of 8,000 located in northeastern Massachusetts. The
town-owned water system provides drinking water and fire protection
service to most of the town's population. Salisbury Director of
Public Works, Donald Levesque, said "We have had excellent results
with Pennichuck as our operator. The Company has been very reliable
and responds well to the needs of the Town." In addition to the
Salisbury contract, PWSC provides services under several other
municipal contracts, private community water system contracts and
to residential customers under its Watertight water line service
program. 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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