Utilities, Inc.'s net operating income up 17% in 2000

NORTHBROOK, Ill., Feb. 16, 2001 (BUSINESS WIRE)—Utilities, Inc. reports that its net operating income is up 17% for the 2000 year.

For the year ended December 31, 2000, the Company had revenues of $64 million, an increase of 13%, while net operating income rose to $10 million, an increase of 17% as compared to 1999. Utilities, Inc. continues its record performance based on these, as well as other measures. Jim Camaren, Chairman and C.E.O., stated "Last year, the Company once again demonstrated record performance in growth and profitability."

Utilities, Inc. is the largest privately owned water/wastewater utility in the United States. Headquartered in Northbrook, Illinois, the Company serves over 234,000 customers in 16 states through a network of local operating subsidiaries.