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Aqua America’s Pennsylvania Subsidiary To Adopt The Repair Tax Accounting Change In 2012

Aqua America is one of the largest U.S.-based, publicly-traded water utilities and serves almost 3 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, and Georgia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, the accounting treatment for the repair tax accounting change, the projected timing and amount of the repair tax accounting charge, the impact of the repair tax accounting change on the company and on ratepayers, the continuation of the company’s infrastructure investment program, and the impact of the repair tax accounting change on the company’s opportunity to continue its financial performance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: changes in the tax or regulatory treatment of the repair tax accounting change, changes to the parameters used to calculate the repair tax deduction, an IRS review of the repair deduction, general economic business conditions; housing and customer growth trends; unfavorable weather conditions; the success of certain cost containment initiatives; the extent to which rate increase requests are granted and the timing of rate awards; changes in regulations or regulatory treatment; availability and the cost of capital; disruptions in the credit markets; the success of growth initiatives; and other factors discussed in our Annual Report on Form 10-K for the period ending December 31, 2011, which is on file with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement.

WTRF



Copyright Business Wire 2010
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