York Water Company announces settlement of rate case

William T. Morris, President of The York Water Company, announced today that the Company has filed a settlement of its pending rate case with the Pennsylvania Public Utility Commission.

Aug. 2, 2001

YORK, Pa., Aug. 2, 2001--William T. Morris, President of The York Water Company, announced today that the Company has filed a settlement of its pending rate case with the Pennsylvania Public Utility Commission.

The settlement, which is joined in by all active parties, provides for an increase in annual revenues of $800,000.

The settlement will increase the average residential gravity customer bill from $18.89 per month to $19.65 per month and the average residential repumped customer bill from $23.08 per month to $24.06 per month.

The settlement must be approved by the presiding Administrative Law Judge Wayne Weismandel and the Pennsylvania Public Utility Commission before increased rates become effective.