Issuer:
|
The York Water Company (York Water) | |
Security:
|
5.00% Monthly Senior Notes Series 2010A due October 1, 2040 | |
Maturity Date:
|
October 1, 2040 | |
Rating*:
|
A- by Standard & Poors | |
Coupon:
|
5.00%, paid monthly | |
Redemption terms:
|
Callable in whole or in part anytime on or after October 1, 2015, at par (100%) | |
Net Proceeds to Issuer,
excluding expenses:
|
96.85% of principal amount ($14,527,500) | |
Expected settlement date:
|
October 8, 2010 | |
Underwriter:
|
Edward D. Jones & Co., L.P. | |
Recent Developments:
|
On September 29, 2010, York Water filed a settlement petition of its pending rate case with the Pennsylvania Public Utility Commission (PPUC). The settlement, which was joined by all active parties, provides for an increase in annual base revenues of $3,400,000. The settlement must be approved by the presiding administrative law judge and the PPUC. For additional information, see York Waters Current Report on Form 8-K, dated September 29, 2010. |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |