FOURTY-FIRST IN A SERIES
 

IT'S ALL ABOUT SMART WATER

Dear Customers and Shareholders,

To reach Mayor Streeter
call 603-589-3260

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.

As Pennichuck begins its 153rd year of operation, we want to express our gratitude for the continued confidence our customers, shareholders and employees have in our company’s ability to deliver quality water and reliable services.

We remain focused on our business goals, despite the costly distraction of having to defend our company from the city of Nashua’s hostile attempt to seize our water utilities by eminent domain. Unfortunately, this dispute now in its fourth calendar year – could last several more years and cost taxpayers millions of dollars.

Over the past year, we have been publishing a series of messages aimed at keeping the public well-informed about this complex issue, the enormous financial impact that the process is having on taxpayers and the company, and the lasting, detrimental effect a government takeover could have on water customers.

Our public information messages have resulted in an outpouring of support from hundreds of water customers.

  • Many of you have contacted us with phone calls, letters, emails and other communications asking how you can get involved and what you can do to stop the city from continuing its wasteful eminent domain battle.

  • We have also read many of the letters citizens have sent to newspapers asking the city to stop wasting millions of taxpayer dollars on this effort.

In response to these requests from customers on how they can get more involved, Pennichuck recently helped organize a group called SmartWater.

SmartWater is a growing, non-partisan group of Nashua citizens and organizations working together:

  • To stop Nashua elected officials from spending any more taxpayer money on the eminent domain takeover of Pennichuck;

  • To raise concerns that the city’s actions and activities may expose the city to potential financial damages that could end up costing taxpayers many millions of dollars; and,

  • To encourage a reasonable and smart solution between Nashua and Pennichuck that ensures the quality and availability of water for Nashua residents and is fair for all the parties.

We urge you to visit the Web site at www.SmartWater.org and lend your voice in telling the city it’s time to stop pouring millions of taxpayer dollars down the drain.

Pennichuck Corporation
New Hampshire’s Oldest
Continuously Operating Business
February 16, 2005