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PHILADELPHIA SUBURBAN CORPORATION BOARD OF DIRECTORS TO HOLD ANNUAL MEETING

 BRYN MAWR, Pa., May 18 /PRNewswire/ -- The board of directors of Philadelphia Suburban Corporation (NYSE: PSC), holding company for the Philadelphia Suburban Water Company, will hold its 1993 annual meeting on Thursday, May 20, at 10 a.m. at the corporate headquarters, 762 Lancaster Ave. in Bryn Mawr, Pa.
 Over the past year there has been a more than 50 percent increase in the number of shareholders, the purchase of two additional water systems, and the sale of all PSC's unprofitable, non-regulated businesses, all of which will be discussed with shareholders.
 In addition, John W. Boyer Jr. will retire after 23 years with the corporation, 16 of them as chairman. The board is expected to elect PSC's President and Chief Executive Officer Nicholas DeBenedictis as chairman. Both Boyer and DeBenedictis are standing for re-election to the board along with a new director: G. Fred DiBona Jr., president and chief executive officer of Independence Blue Cross.
 PSC operates Philadelphia Suburban Water Company, the largest integrated, investor-owned water company in Pennsylvania and the third largest in the country. It serves 800,000 people in 71 municipalities in Chester, Delaware and Montgomery counties.
 /delval/
 -0- 5/18/93
 /CONTACT: Donna Alston, director of corporate communications of Philadelphia Suburban, 215-645-1095/
 (PSC)


CO: Philadelphia Suburban Corporation ST: Pennsylvania IN: UTI SU:

JM-MP -- PH010 -- 9666 05/18/93 10:15 EDT
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Publication:PR Newswire
Date:May 18, 1993
Words:225
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