The York Water Company Reports 2020 Annual and Fourth Quarter Results The York Water Company York, Pennsylvania, UNITED STATES
YORK, Pa., March 09, 2021 (GLOBE NEWSWIRE) The York Water Company s (NASDAQ:YORW) President and CEO, JT Hand, announced the Company s 2020 financial results.
President Hand reported that 2020 operating revenues of $53,852,000 increased $2,274,000 and net income of $16,598,000 increased $2,196,000 compared to 2019. Basic and Diluted Earnings per share of $1.27 for 2020 increased $0.16 compared to 2019. Dividends per share rose 4% compared to 2019. Increased revenues resulted primarily from the March 1, 2019 rate increase, higher per capita residential consumption, and growth in the customer base partially offset by lower Distribution System Improvement Charge (DSIC) after its reset to zero. DSIC is a Pennsylvania Public Utility Commission (PPUC) allowed charge that water utilities collect from customers for the replacement of a
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NEW CASTLE, Pa., March 9, 2021 /PRNewswire/ Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading infrastructure and installing technology to modernize its electric system in western Pennsylvania as part of a four-year plan that began last year to limit the number and duration of power outages. Work includes installation of new, automated equipment and technology in distribution substations and along power lines serving more than 25,000 customers in parts of Lawrence, Mercer and Butler counties. Upgrading our substations is the first line of defense in preventing power outages because they supply the electricity that flows across our power lines to our customers, said Ed Shuttleworth, regional president of Penn Power and Ohio Edison. Think of a substation like a sprinkler. Each stream of water coming out of the sprinkler hits different parts of the lawn, just like individual power lines feed electricity to various neighborhoods.
A Pennsylvania county went from bust to boom times with natural gas; now, it s nearly broke | Spotlight Pa gettysburgtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gettysburgtimes.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading infrastructure and installing technology to modernize its electric.
WAYNESBURG Greene County is going broke. Despite receiving millions in payouts from the natural gas industry to compensate such counties as Greene that host natural gas wells, it is struggling to balance its more than $40 million budget. This year, amid a pandemic, commissioners raised property taxes for the first time since 2010. Without major changes, county budget office projections show that Greene may not have the revenue or reserves to cover its costs by 2023. It’s a financial predicament that seemed all but guaranteed as the coal mining industry here has nearly disappeared, hollowing out the backbone of the local economy. That was, until the natural gas boom and a massive influx of money that came with it offered a different path.