Pennichuck

"On behalf of the hundreds of employees of Pennichuck, which is the oldest private company in the state, we ask the court to reverse and dismiss the petition," said Donovan, of the Manchester-based firm McLane, Graf, Raulerson &

Nashuatelegraph.com local, state, business and sports news 2010

Also showing relative strength are water utilities shares, down on the day by about 0.2% as a group, led by Pennichuck, trading up by about 13.5% and American States Water, trading lower by about 0.3% on Friday.

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Water supplier Pennichuck agreed on Friday to be bought by the city of Nashua

Finisar Takes Flight, Dillard's Drives Higher MarketNewsVideo.com 2010

It has been trying to take over Pennichuck citing eminent domain law.

Finisar Takes Flight, Dillard's Drives Higher MarketNewsVideo.com 2010

However, upon the completion of the proposed merger with the City of Nashua, Pennichuck's common stock will cease to be publicly-traded.

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Montopoli, Pennichuck's President and Chief Executive Officer, said, Pennichuck Water's rate increase, which resulted from a rate filing initiated in May 2010, was necessitated by (a) capital improvements made by Pennichuck Water since its last rate case, (b) the revenue loss which resulted from water usage volume declines in 2008 and 2009, and (c) increased state utility taxes and local property taxes.

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Investors are encouraged to access Pennichuck Corporation's annual and quarterly periodic reports filed with the Securities and Exchange Commission for financial and business information regarding Pennichuck Corporation, including a more detailed discussion of these and other risks and uncertainties that could affect Pennichuck Corporation's forward-looking statements.

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Investors are encouraged to access Pennichuck Corporation's annual and quarterly periodic reports filed with the Securities and Exchange Commission for financial and business information regarding Pennichuck Corporation, including a more detailed discussion of these and other risks and uncertainties that could affect Pennichuck Corporation's forward-looking statements.

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Pennichuck Corporation is a holding company involved principally in the supply and distribution of potable water in New Hampshire through its three regulated water utilities.

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Pennichuck Corporation's common stock trades on the Nasdaq Global Market under the symbol "PNNW."

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