Sep 01, 2004

Pennsylvania American Water Acquires Sligo Borough Authority

Pennsylvania American Water, the state's largest regulated
public water utility, has completed the acquisition of the water assets of
Sligo Borough Authority for $430,000.


As a result of the acquisition, Pennsylvania American Water
will serve 387 customers in Sligo Borough and in Piney Township (Clarion
County). Pennsylvania American now serves over two million people in 368
Pennsylvania communities.


Pennsylvania American Water President and CEO Robert M. Ross
described the transaction as ideal for Sligo residents. "The more than 700
residents of Sligo and Piney Township will now enjoy high quality water from
Pennsylvania American. Access to quality, reliable water not only enhances the
quality of life for citizens when considering their daily tap water needs, but
it supports greater economic development and commerce. This is good news for
the region overall.”