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

 BRYN MAWR, Pa., Nov. 20 ~PRNewswire~ -- Philadelphia Suburban Corporation (NYSE: PSC) announced today that an additional 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.
 The subscription period runs from Nov. 20, 1992, through Dec. 19, 1992.
 The company, which initiated its Customer Stock Purchase Plan in 1989, offered two previous subscription periods in 1992. Both periods set consecutive records for the number of shares purchased. During the May 20 to June 19 period, 567,000 shares of common stock were sold. The Aug. 20 to Sept. 19 period sales totaled 618,000 shares.
 Participation in the PSC 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.
 PSC is one of the largest investor-owned water utilities in the nation, servicing 64 municipalities and nearly a quarter million customers in Chester, Delaware and Montgomery counties.
 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- 11~20~92
 ~CONTACT: Robert E. Deddy, vp-public relations of Philadelphia Suburban, 215-525-1400~
 (PSC)


CO: Philadelphia Suburban Corporation; Philadelphia Suburban Water
 Company ST: Pennsylvania IN: UTI SU: OFR


MK-MP -- PH005 -- 3249 11~20~92 09:03 EST
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Publication:PR Newswire
Date:Nov 20, 1992
Words:246
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