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PHILADELPHIA SUBURBAN CORPORATION ANNOUNCES LIMITED STOCK OFFERING TO CUSTOMERS

 BRYN MAWR, Pa., Sept. 1 /PRNewswire/ -- Beginning today, through Sept. 15, Philadelphia Suburban Corporation (NYSE: PSC), parent company of Philadelphia Suburban Water Company (PSW), will offer 100,000 shares of common stock to PSW customers through its Customer Stock Purchase Plan.
 The offering is the second of three identical offerings -- totalling 300,000 shares -- made available to customers during three 15-day subscription periods this year.
 Shares will be sold on a "first come, first served" basis. Should all shares be sold prior to the end of the 15-day period, the subscription period will be closed effective at that time.
 The price of the stock during the Sept. 1-15 subscription period is $19.70 per share. Customers may invest no less than $250 and no more than $30,000 annually.
 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 do not have individual customer accounts.
 The offering to sell stock through the Customer Stock Purchase Plan will be made only by means of the prospectus. A prospectus of the Customer Stock Purchase Plan is available upon request to customers of PSW without any obligation or commitment.
 PSC currently has 11.2 million shares outstanding and customers hold about 24 percent of the shares. Of its 10,400 shareholders, 6,7000 live in the three counties (Chester, Delaware and Montgomery) where PSW sells its water.
 The last scheduled offer for 1993 to PSW customers is Dec. 1-15.
 /delval/
 -0- 9/1/93
 /CONTACT: Donna Alston, director of communications, of Philadelphia Suburban, 215-645-1095/
 (PSC)


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


JM-LJ -- PH009 -- 7880 09/01/93 10:42 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
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