YORK, Pa., July 20, 2009 (GLOBE NEWSWIRE) -- Jeffrey R. Hines, President & CEO of The York Water Company (Nasdaq:YORW), reported that York Water will acquire the Beaver Creek Village water system in Adams County, PA. "This new acquisition will provide approximately 167 Beaver Creek customers with 'That good York water' and will also improve fire flows in the area," according to Hines. York Water's fully filtered and treated water supply will be provided through a water main which will be constructed by York Water to interconnect with Beaver Creek's existing distribution facilities. The Beaver Creek customers will pay the same monthly rates as York Water's customers. Under current rates, Beaver Creek customers pay $36.36 for 4,000 gallons of water per month; under York Water's rates, they will pay $36.47. The interconnection is expected to be completed by the end of 2009. This acquisition marks the seventh water system acquired by York Water since January 2005.
The York Water Company was founded in 1816 and is the oldest investor-owned utility in the nation. The business of the Company is to impound, purify and distribute water. The Company, which is regulated by the Pennsylvania Public Utility Commission, operates entirely within its franchised territory, which covers portions of York and Adams Counties, Pennsylvania.
Forward-Looking Statements
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