Philadelphia Suburban Subsidiary Buys Water, Wastewater System in Illinois

December 31, 2001

Philadelphia Suburban Corporation has announced that its Illinois water subsidiary has purchased a private water and wastewater system located in the state.

Consumers Illinois Water Company (CIWC) purchased the Village Woods water and wastewater system, which serves approximately 475 residents in Crete Township in Will County, Illinois, in a deal valued at more than $450,000. CIWC will interconnect the Village Woods water system with its nearby Dixie Dells water system via a main extension.

The interconnection will increase reliability for both CIWC's Village Woods and Dixie Dells customers. In addition to the interconnection, CIWC plans to invest approximately $65,000 in capital over the next year to improve water and wastewater service in Village Woods.

CIWC president Terry Rakocy said, "We are very pleased to have Village Woods customers among those we serve. Their proximity to our Dixie Dells system makes them a good fit as they can be easily integrated into our system."

PSC chairman Nicholas DeBenedictis said that Village Woods secures PSC's four percent growth goal for the year. "We've completed 20 growth ventures this year, three more than we did last year, setting a new record," said DeBenedictis.

Source:

Business Wire

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