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ONE MILLION SHARES OF STOCK TO BE OFFERED TO CUSTOMERS OF PHILADELPHIA SUBURBAN WATER COMPANY

 ONE MILLION SHARES OF STOCK TO BE OFFERED TO CUSTOMERS OF
 PHILADELPHIA SUBURBAN WATER COMPANY
 BRYN MAWR, Pa., Aug. 20 /PRNewswire/ -- Philadelphia Suburban Corp. (NYSE: PSC) today announced that 1 million shares of common stock are being offered through its Customer Stock Purchase Plan to customers of its wholly owned subsidiary, Philadelphia Suburban Water Company, at a purchase price of $14.97 per share. This current subscription period runs from Aug. 20, 1992 until Sept. 19, 1992.
 Participation in the Customer Stock Purchase Plan is limited to residential customers of Philadelphia Suburban Water Company, including condominium owners and apartment renters who are water consumers but may not be direct customers of the water company. The customers live in communities in Chester, Delaware and Montgomery counties.
 PSC is one of the largest investor-owned water utilities in the nation, servicing 64 municipalities and 237,000 customers in southeastern Pennsylvania.
 The offering to sell stock through the Customer Stock Purchase Plan will be made only by means of the prospectus. Requesting a prospectus involves no obligation or commitment of any kind.
 /delval/
 -0- 8/20/92
 /CONTACT: Robert E. Deddy of Philadelphia Suburban, 215-525-1400/
 (PSC) CO: Philadelphia Suburban Corporation ST: Pennsylvania IN: UTI SU: OFR


MJ-JS -- PH029 -- 1918 08/20/92 17:07 EDT
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Publication:PR Newswire
Date:Aug 20, 1992
Words:211
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