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PHILADELPHIA SUBURBAN CORPORATION SETS RECORD FOR SELLING STOCK

 BRYN MAWR, Pa., Dec. 28 /PRNewswire/ -- Philadelphia Suburban Corporation (NYSE: PSC) announced today that total 1992 stock sales under its Customer Stock Purchase Plan set a new record, totalling $24.4 million, compared to last year's $2.6 million.
 During its latest subscription period, which ran from Nov. 20 through Dec. 21, the company sold nearly $7.5 million in stock, compared to almost $800,000 during the same period last year.
 During 1992, Philadelphia Suburban Corporation gained over 3,400 new shareholders as a result of its customer plan, bringing the total number of shareholders to approximately 9,800. Approximately 66 percent of its shareholders are also its water customers.
 Through the Customer Stock Purchase Plan, customers of the company's main subsidiary, Philadelphia Suburban Water Company, can purchase stock directly from the company at a 5 percent discount. The company also offers a 5 percent discount to current stockholders through its Dividend Reinvestment Plan.
 "We appreciate the vote of confidence from all of our customers who have purchased stock and from those shareholders who have reinvested their dividends," said Nicholas DeBenedictis, president and chief executive officer. "Both plans have been an important source of funding for our company."
 Philadelphia Suburban Water Company is one of the nation's largest investor-owned water utilities, serving 64 municipalities in Chester, Delaware and Montgomery counties.
 /delval/
 -0- 12/28/92
 /CONTACT: Robert E. Deddy, vp-public relations of Philadelphia Suburban, 215-525-1400/
 (PSC)


CO: Philadelphia Suburban Corporation ST: Pennsylvania IN: UTI SU:

JS-CC -- PH021 -- 0104 12/28/92 14:21 EST
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Publication:PR Newswire
Date:Dec 28, 1992
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