Philadelphia basks in the sun belt
- From: Vol 4, Issue 11 (November 2003)
- Category: Companies
- Region: Americas
- Country: United States
- Related Companies: American Water Services, Aqua America, AquaSource, Citizen\'s Water, Consumers Water Company and Duquesne Light/DQE
Philadelphia Suburban Corporation has a formula for solid growth. Larry Chertoff looks at how it delivers.
Philadelphia Suburban Corporation has a four-seven-ten-five plan. It will grow its customer base by 4% annually; from these 4% more customers the company would generate 7% growth in revenue that would yield an earnings growth of 10%. The company would then return to its investors at least half of its earnings, a growth of at least
5% yearly.
It was ...
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