CONSUMERS WATER COMPANY ANNOUNCES EFFORTS TO TAKE OVER ITS WASHINGTON COURT HOUSE, OHIO, DIVISION
CONSUMERS WATER COMPANY ANNOUNCES
EFFORTS TO TAKE OVER ITS WASHINGTON COURT HOUSE, OHIO, DIVISION
PORTLAND, Maine, Nov. 6 /PRNewswire/ -- John van C. Parker, president of Consumers Water Company (NASDAQ: CONW), announced today that on Nov. 5, 1991, the citizens of Washington Court House, Ohio, voted to support an ordinance adopted by that city's counsel on May 8, 1991, indicating an intent by the city to appropriate the water utility serving the city. The utility is a division of Ohio Water Service Company, a wholly-owned subsidiary of Consumers.
Shortly following the adoption of the ordinance, the company advised the city that its utility was not for sale. However, in the past under such circumstances, it has been the policy of Consumers to initially participate in negotiations rather than precipitate expensive and time-consuming litigation. At this point the outcome of the city's initiative is decidedly uncertain.
The Washington Court House Division serves 5,766 customers and last year generated $1,935,000 of revenue. In 1990 Consumers' water utility operations served some 218,672 customers and generated $67,349,000 of revenue.
Consumers Water Company owns and operates ten water utility companies in six states, a utility services company and a manufactured housing company.
/CONTACT: Brian R. Mullany, vice president of Consumers Water Company, 207-773-6438; or Kathy B. Liebmann of Gavin Anderson Doremus & Company, 212-921-1060, for Consumers Water/
(CONW) CO: Consumers Water Company; Ohio Water Service Company ST: Ohio, Maine IN: UTI SU: TNM JT -- NY088 -- 1889 11/06/91 16:36 EST