Current News

For Immediate Release:
December 1, 2006

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

Pennichuck Awarded Salisbury Massachusetts Contract

MERRIMACK, NH (December 1, 2006) - Pennichuck Water Service Company ("PWSC"), a wholly-owned subsidiary of Pennichuck Corporation, was recently awarded a contract to provide operations and maintenance services for the public water system in Salisbury, MA. PWSC has operated the Salisbury system since 2001. The new contract extends PWSC's operations through June of 2007.

Salisbury is a community of 8,000 located in northeastern Massachusetts. The town-owned water system provides drinking water and fire protection service to most of the town's population. Salisbury Director of Public Works, Donald Levesque, said "We have had excellent results with Pennichuck as our operator. The Company has been very reliable and responds well to the needs of the Town."

In addition to the Salisbury contract, PWSC provides services under several other municipal contracts, private community water system contracts and to residential customers under its Watertight water line service program.

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.