BRYN MAWR, PA--May 30, 2012: Aqua America, Inc. Chairman and CEONicholas DeBenedictis announced today that the company is going totransition portions of its larger vehicle fleet to compressednatural gas (CNG). The comment was made today before thePennsylvania Public Utility Commission's Alternative Fuel Vehiclesforum held at Drexel University in Philadelphia. "I also see this as an opportunity to create demand for thisclean burning fuel, which is currently priced right because of thecurrent surplus" "As both a former DEP and Economic Development Secretary for theCommonwealth, I believe that the natural gas industry inPennsylvania will become the biggest economic driver in the statesince days of coal and steel. Pennsylvania has always been anenergy-rich state with natural gas being its latest form," saidAqua America Chairman and CEO Nicholas DeBenedictis. Household Dehumidifier
"CNG makessense economically because of it is less expensive than fossilfuels and environmentally because it is a clean-burning fuel andthereby reduces carbon emissions." Aqua Pennsylvania, Inc., the company's largest subsidiary, has beenpiloting CNG vehicles for more than a year and has already plannedfor a slow-fill station at its Springfield Operations Center inDelaware County. Slow-fill stations fuel vehicles over a longertime period, which the company can accommodate because manyvehicles are housed at the facility overnight and have longerperiods of inactivity during which they can be refueled. "I also see this as an opportunity to create demand for this cleanburning fuel, which is currently priced right because of thecurrent surplus," said DeBenedictis. "The relatively small,required up-front investment has a quick payback, which accrues tobenefit ratepayers through reduced expenses. High Temperature Dehumidifier
With anticipated costof about $2 per gallon, it can be nearly half the cost of fossilfuel with gasoline currently priced at about $3.65 per gallon anddiesel fuel being about $4 per gallon. Further, the operating costsare 30-to-50 percent less expensive." Aqua Pennsylvania plans to begin the transition with its 20 dumptrucks and 60 vans initially, as there are not many passengervehicle opportunities available currently. However, as it begins toturn over its vehicles, those that have original equipmentmanufacturer (OEM) CNG alternatives, will be transitioned to CNGvehicles. Aqua America is one of the largest U.S.-based, publicly-tradedwater utilities and serves almost 3 million residents inPennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey,Indiana, Florida, Virginia, and Georgia. Wall Mounted Dehumidifier Manufacturer
Aqua America is listed onthe New York Stock Exchange under the ticker symbol WTR.
"CNG makessense economically because of it is less expensive than fossilfuels and environmentally because it is a clean-burning fuel andthereby reduces carbon emissions." Aqua Pennsylvania, Inc., the company's largest subsidiary, has beenpiloting CNG vehicles for more than a year and has already plannedfor a slow-fill station at its Springfield Operations Center inDelaware County. Slow-fill stations fuel vehicles over a longertime period, which the company can accommodate because manyvehicles are housed at the facility overnight and have longerperiods of inactivity during which they can be refueled. "I also see this as an opportunity to create demand for this cleanburning fuel, which is currently priced right because of thecurrent surplus," said DeBenedictis. "The relatively small,required up-front investment has a quick payback, which accrues tobenefit ratepayers through reduced expenses. High Temperature Dehumidifier
With anticipated costof about $2 per gallon, it can be nearly half the cost of fossilfuel with gasoline currently priced at about $3.65 per gallon anddiesel fuel being about $4 per gallon. Further, the operating costsare 30-to-50 percent less expensive." Aqua Pennsylvania plans to begin the transition with its 20 dumptrucks and 60 vans initially, as there are not many passengervehicle opportunities available currently. However, as it begins toturn over its vehicles, those that have original equipmentmanufacturer (OEM) CNG alternatives, will be transitioned to CNGvehicles. Aqua America is one of the largest U.S.-based, publicly-tradedwater utilities and serves almost 3 million residents inPennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey,Indiana, Florida, Virginia, and Georgia. Wall Mounted Dehumidifier Manufacturer
Aqua America is listed onthe New York Stock Exchange under the ticker symbol WTR.