Current News

For Immediate Release:
November 28, 2006

Contact: Stephen J. Densberger, President, Pennichuck Water Service Co.
Phone: 603-913-2500
Fax: 603-913-2305

Pennichuck Expands in Raymond NH

MERRIMACK, NH (November 28, 2006) - Pennichuck East Utility, a wholly-owned subsidiary of Pennichuck Corporation, recently completed the acquisition of the community water system serving the Clearwater Estates condominium community in Raymond, NH. The Clearwater system serves approximately 200 customers bringing Pennichuck's total customer base in Raymond to nearly 1,000. The water system and housing project were originally constructed by Firelake Corporation of Raymond.

According to Bernard Rousseau, Vice President of Pennichuck Water Service Co., "The Clearwater community system has an excellent source of supply and Fire Lake built a state-of-the-art pumping station. All of the facilities meet our standards and specifications for a new water system and the Fire Lake people were great to work with."

Pennichuck Corporation is a holding company involved principally in the supply and distribution of potable water in southern and central New Hampshire through its three regulated water utilities. Its non-regulated, water-related activities include operations and maintenance contracts with municipalities and private entities in New Hampshire and Massachusetts. The Company's real estate operations are involved in the ownership, management and development of real estate in the greater Nashua, New Hampshire area.

Pennichuck Corporation's common stock trades on the Nasdaq Stock Exchange under the symbol "PNNW". The Company's website is at www.pennichuck.com.

This news release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Pennichuck Corporation. Forward-looking statements are based on current information and expectations available to management at the time the statements are made, and are subject to various factors, risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, timing and results of eminent domain proceedings before the NHPUC, and the impact thereof on consolidated business operations; timing and amount of regulated water utility rate relief; changes in general economic conditions, legislation or regulation and accounting factors affecting Pennichuck Corporation's financial condition and results of operations; and, the impact of weather. 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.