IS IT TIME FOR A WAKE UP CALL,
OR MAYBE JUST A PHONE CALL?Dear Customers and Shareholders,
Two years ago, the city of Nashua began the process of trying to take the assets of Pennichuck. Since then the city has filed testimony with the New Hampshire Public Utilities Commission, continuously threatened eminent domain, made a hostile attempt to get the assets of the entire company and has now begun the formal process to take the utility assets through eminent domain – not only in Nashua but incredibly throughout the state of New Hampshire.
Already the city has spent or committed $1.2 million dollars for legal and consultant expenses.And the process is just beginning. When all is said and done, the takeover process is likely to cost millions of taxpayer dollars, last for years, with a significant risk that the city will not be successful or will find the cost too expensive to proceed.
Last December, Pennichuck began surveying the Nashua community on a number of issues, and since then has conducted a total of five market research surveys. Our surveys consistently show opposition to
To reach your Alderman,
call 603-589-3030
ALDERMEN-AT-LARGE
Brian McCarthy
James Tollner
Steven Bolton
David Deane
Paula Johnson
David Rootovich
WARD ALDERMEN
Ward 1 Kathryn Vitale
Ward 2 Richard LaRose
Ward 3 Kevin Gage
Ward 4 Marc Plamondon
Ward 5 David Lozeau
Ward 6 Robert Dion
Ward 7 Lori Cardin
Ward 8 David McLaughlin
Ward 9 Robert Shaw, Jr.
the city’s action to acquire Pennichuck by eminent domain. We think it may be time for city leaders to
listen to what their constituents want.Here’s what we’ve heard:
- If a referendum were held today, nearly two-thirds of Nashua residents say they would vote against a measure authorizing the city to move forward to take over Pennichuck.
- Nearly three-fourths of the residents say they are opposed to the city’s costly attempt to take Pennichuck by eminent domain.
- An overwhelming majority say they approve of Pennichuck’s water services to the city.
- By a two to one margin residents say they want Pennichuck – not a regional water authority – to run their water system.
Maybe it’s time city residents call their Alderman and let their views be heard. And maybe its time Aldermen were asked one simple question:
Why are you pouring taxpayer money down the drain on an action that a majority of Nashua residents don’t even support?
We hope you’ll call your Alderman today at (603) 589-3030 and let your voice be heard on this issue.
If you would like to learn more, we encourage you to visit our web site at www.pennichuck.com.
Pennichuck Corporation
New Hampshire’s Oldest
Continuously Operating Business
July 22, 2004
