Connecticut
Water Service, Inc. Appoints Heather Hunt as Director
Clinton,
Connecticut – July 7, 2006 – The Board
of Directors of Connecticut Water Service, Inc. (CTWS:NASDAQ)
announces the appointment of Heather Hunt to the Board effective
June 30, 2006.
Heather
Hunt, 40, is an attorney whose regulatory law practice in
Stratford, Connecticut focuses on utility and energy matters.
She is also managing member of the w. h. Robert & h. f.
Hunt, LLC, a state and federal government relations consulting
firm. Prior to establishing her practices, Ms. Hunt was United
Technologies Corporation’s Director of State and Local
Government Affairs, and Vice President of Regulatory and Public
Policy at Southern Connecticut Gas. In addition, she has served
as a Commissioner at both the Connecticut Department of Public
Utility Control and the Maine Public Utility Commission.
Marshall
T. Chiaraluce, Connecticut Water’s Chairman, said “Heather
brings to our Board her vast experience in utility regulatory
and public policy matters. Her knowledge in these fields will
contribute substantially to the Board’s deliberations
and strategic planning.”
Connecticut
Water Service, Inc. is a non-operating holding company listed
on the NASDAQ Global Select Market under the symbol CTWS.
Through its regulated water utility subsidiary, The Connecticut
Water Company, CTWS serves about 82,000 customers or a population
of approximately 278,000 people in 41 Connecticut towns.
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Contact:
Daniel J. Meaney
Director of Corporate Communications
Connecticut Water Service, Inc.
93 West Main Street,Clinton, CT 06413
Tel 800-428-3985, ext. 3016 or dmeaney@ctwater.com
This press release may contain certain
forward-looking statements regarding the Company's results
of operations and financial position. These forward-looking
statements are based on current information and expectations,
and are subject to risks and uncertainties, which could cause
the Company's actual results to differ materially from expected
results.
Our water companies are subject to various federal and state
regulatory agencies concerning water quality and environmental
standards. Generally, the water industry is materially dependent
on the adequacy of approved rates to allow for a fair rate
of return on the investment in utility plant. The ability
to maintain our operating costs at the lowest possible level
while providing good quality water service is beneficial to
customers and stockholders. Profitability is also dependent
on the timeliness of rate relief, to be sought from, and granted
by, the DPUC, when necessary, and numerous factors over which
we have little or no control, such as the quantity of rainfall
and temperature, industrial demand, financing costs, energy
rates, tax rates, and stock market trends which may affect
the return earned on pension assets, and compliance with environmental
and water quality regulations. The profitability of our other
revenue sources is subject to the amount of land we have available
for sale and/or donation, the demand for the land, the continuation
of the current state tax benefits relating to the donation
of land for open space purposes, regulatory approval of land
dispositions, the demand for telecommunications antenna site
leases and the successful extensions and expansion of our
service contract work. We undertake no obligation to update
or revise forward-looking statements, whether as a result
of new information, future events, or otherwise.
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