Pennichuck Acquires Community Water System In Bow, NH.MERRIMACK, N.H. -- Pennichuck East Utility Co., a wholly-owned subsidiary of Pennichuck Corporation, recently announced that it has acquired a newly constructed community water system in Bow, NH. The system provides water service to 120 customers in a new subdivision known as Stone Sled sled, vehicle that moves by sliding. A sledge is typically a heavier, load-carrying sled drawn by a horse or dog, while a sleigh is a partially enclosed horse-drawn vehicle with runners that has seats for passengers. Farm. Pennichuck Vice President, Bernard Rousseau, said, "Bow is a growing community where we have acquired several water systems and operating contracts for community water systems that have come on line. The Town has taken a very serious interest in the development of water systems and we are pleased to be their partner in the process." To date, Pennichuck provides service to over 500 residents in Bow. Since 2004, Rousseau has served as an active member of the town's Drinking Water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. Protection Committee. Pennichuck Corporation is a holding company involved principally in the supply and distribution of potable potable /pot·a·ble/ (po´tah-b'l) fit to drink. po·ta·ble adj. Fit to drink; drinkable. potable fit to drink. water in southern and central New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). 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 Nashua is a city in Hillsborough County, New Hampshire, USA. As of the 2000 census, Nashua had a total population of 86,605[1], making it the second largest city in the state after Manchester. As of 2005, the population is estimated to be 87,986. areas. 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 eminent domain, the right of a government to force the owner of private property sell it if it is needed for a public use. The right is based on the doctrine that a sovereign state has dominion over all lands and buildings within its borders, which has its origins in proceedings before the NHPUC NHPUC New Hampshire Public Utilities Commission , and the impact thereof on consolidated business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ; 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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