Date: Thu, 18 Dec 1997 21:43:26 GMT Server: Apache/1.1.3 Content-type: text/html Content-length: 17849 Last-modified: Mon, 15 Dec 1997 16:48:19 GMT
CONTENTS INCLUDE:
Company Overview
Mission, Vision and Values
Organizational Structure
Corporate Map
Locations
Leadership Team
At-a-Glance Fact Sheet
Consumers Water Company (CWC) is a water resource management company that, by purchasing or contracting and operating small to mid sized water utilities, has resolved many a puzzle for municipalities and private water companies.
Through our operating subsidiaries in Illinois, Ohio, Pennsylvania, New Jersey, New Hampshire, and Maine, CWC currently provides water and wastewater services to 227,692 residential, commercial and industrial customers.
Consumers Water is a customer-first, quality-oriented organization, employing over 615 professionals. Our clients include municipalities and privately owned water companies who sell or contract their water systems operations to CWC for management and delivery.
Consumers Water Company currently owns eight water utilities with 63 private water systems. Our customer base is 64% residential, 13% commercial, 8% industrial and 15% other. Each of our subsidiaries is run by its own management, and each of the larger subsidiaries has its own Board of Directors, which consists primarily of local, non-management directors.
In 1996, CWC serviced over 203,300 meters and 3,381 miles of main. The average daily production for all Consumers' water systems was over 80 million gallons, with a maximum daily production for all systems of over 121 million gallons.
The Company's common shares are traded Over-the-Counter on the NASDAQ National Market System under the symbol CONW. Dividend Reinvestment and Common Share Purchase Plan available.
MISSION, VISION, VALUES
The Mission of Consumers Water Company is to be the Premier Water Resource Management Company in the United States in: serving our customers, communities, and employees; protecting and preserving the environment; and providing a favorable total return to our shareholders.
VisionWe envision both a market and industry leadership role for Consumers in which we exceed our customers' expectations and provide opportunity for all associated with our Company.
ValuesThe philosophy at Consumers reflects a Customers First approach, a respect the individual, and a focus on improvement in all we do.
Illinois |
New Hampshire |
Ohio |
---|---|---|
Consumers Illinois Water Company 1000 S. Schuyler Avenue P.O. Box 152 Kankakee, IL 60901 815-935-6535 Pres. Terry J. Rakocy
Serving over 49,000 water customers through seven divisions in the Kankakee County, Boone County, Vermilion County, Knox County, Lee County, and two divisions in Will County, as well as over 9,900 wastewater customers in four of these divisions. |
Consumers New Hampshire Water Company 322 Nashua Road Londonderry, NH 03053 603-882-4010 Pres. Sharon E. Schulnian Serving over 8,000 customers in the Hudson, Litchfield, Londonderry, Pelham, and Windham areas, as well as numerous satellites. |
Consumers Ohio Water Company 6650 South Ave. Boardman, OH 44512 330-726-8151 Pres. Walter J. Pishkur Serving over 73,600 customers through four divisions in the Geneva, Massillon, Mentor and Struthers areas, as well as 31 other communities. |
Maine |
New Jersey |
Pennsylvania |
---|---|---|
Consumers Maine Water Company 855 Rockland St. Rockport, ME 04856 207-236-8428 Pres. Judith W. Hayes
Serving over 15,500 customers through nine divisions in the Rockland, Skowhegan, Oakland, Freeport, Millinocket, Greenville, and Kezar Falls areas. |
Consumers New Jersey Water Company 10 Black Forest Road Hamilton, NJ 08691 609-587-5406 Pres. Sharon E. Schulman Serving over 30,600 customers through three divisions in the Blackwood, Hamilton, and Phillipsburg areas. |
Consumers Pennsylvania
Water Company 665 South Dock St. P.O. Box 572 Sharon, PA 16146 412-981-1200 Pres. Robert G. Liptak
Serving over 40,800 customers through three divisions in the Sayre, Shamokin, and Sharon areas. |
At the end of 1996, Consumers Water Company was providing water and sewer services to 227,692 customers located in six states. Shown on the map are the locations of all Consumers' utility systems and subsidiaries. The date of acquisition for each location is indicated in parentheses, followed by the number of customers.
Illinois
Consumers Illinois Water Company
Kankakee Division (1926) 18,602
Vermilion County Division (1986) 11,321
Woodhaven Division (1987) 4,734
Candlewick Division (1988) 3,109
University Park Division (1984) 2,609
Oak Run Division (1989) 1,641
Willowbrook (1970) 16,919
Ohio
Consumers Ohio Water Company (1973)
Lake Erie Division 26,508
Stark Regional Division 24,590
Struthers Division 14,972
Lake Erie East Division 7,579
Mahoning Valley Division 10
Masury Water Company (1926) 1,605
Pennsylvania
Consumers Pennsylvania Water Company
Roaring Creek Division (1985) 17,664
Shenango Valley Division (1926) 17,044
Susquehanna Division (1968) 4,543
New Jersey
Consumers New Jersey Water Company
Southern Division (1964) 12,065
Central Division (1965) 10,251
Northern Division (1968) 8,378
New Hampshire
Consumers New Hampshire Water Company (1930) 8,108
Maine
Consumers Maine Water Company
Camden/Rockland Division (1959) 7,260
Millinocket Division (1992) 2,190
Skowhegan Division (1992) 2,334
Oakland Division (1968) 920
Freeport Division (1930) 832
Bucksport Division 628
Greenville Division (1992) 515
Kezar Falls Division (1971) 430
Hartland Division 420
Consumers' Corporate Headquarters
PETER L. HAYNES
President and CEO, Consumers Water Company
Peter L. Haynes, 57, has served as President and CEO of Consumers Water Company since 1992.
Prior to joining Consumers, Mr. Haynes was President and CEO of Quality Logistics Management, Inc., a start-up firm that provided logistics management to the electronics industry. While serving Quality Logistics Management, he also worked on several other start-up endeavors.
From 1985 until 1990, Mr. Haynes served as President and CEO of NYNEX Enterprises, the NYNEX Corporation's warehousing, distribution, and purchasing subsidiary in New York City.
Prior to 1985, Mr. Haynes held various operations, engineering, and marketing positions with New England Telephone and AT&T Company. The last of these positions was that of Vice President of New England Telephone.
Mr. Haynes Chairman Elect of the Board of Governors of the Boys and Girls Clubs of America and is on the Advisory Council of Cornell's Johnson Graduate School of Management. He is also a member of the Board of Directors of the National Association of Water Companies, a Trustee of Portland (Maine) Symphony Orchestra and the AWWA Research Foundation, and of the Maine Medical Center.
Mr. Haynes graduated from the University of Maine (B.S., Engineering Physics, 1961) and Cornell University (M.B.A., 1963).
Mr.Haynes may be contacted at plhaynes@consumerswater.com.
Mr. Schumann's responsibilities as Senior Vice President of Operations for Consumers Water Company are for the management and operations of the company's water utility business units in Maine, New Hampshire, New Jersey, Pennsylvania, Ohio and Illinois, with over 450 employees under his management, including the presidents of each of the six business units.
Mr. Schumann has been employed in the Consumers organization since 1972 and was President of the New Jersey business unit before moving to the Corporate headquarters in 1987. In addition to serving in his present position of Senior Vice President of Operations for Consumers Water Company, Mr. Schumann also sits on each of Consumers' subsidiary boards as a Director.
Mr. Schumann belongs to the University of Southern Maine, Corporate Partners Program, and is a member of the Partnership Committee. He is also an active particpant in the National Association of Water Companies and American Water Works Association.
Mr. Schumann graduated from Fairleigh Dickinson University, NJ (B.S. Management Science), and Rider College (M.B.A., 1981).
Mr. Schumann may be contacted at pdschumann@consumerswater.com.
JOHN F. ISACKE
Senior Vice President, Chief Financial Officer
John F. Isacke, 43, has served as Senior Vice President and CFO of Consumers Water Company since 1991, and a Senior Vice President for over ten years. Prior to joining Consumers in 1978, he was with the international accounting firm Coopers & Lybrand.
During his 19 years with Consumers, Mr. Isacke has held positions as Controller, Director and Vice President of Corporate Development, Senior Vice President of Real Estate and Housing, Senior Vice President of Development and Administration and Senior Vice President and Chief Financial Officer.
Mr. Isacke is a member of the Board of Trustees of the Portland Museum of Art and the Camp Susan Curtis Foundation; a Corporator of the Maine Medical Center; and a member and past Chairman of the Taxation and Government Relations Committees of the National Association of Water Companies.
Mr. Isacke graduated from Miami University, Oxford, Ohio (B.S. in Business, 1975).
Mr. Isacke may be contacted at jisacke@consumerswater.com.
AT A GLANCE FACT SHEET
(As of 12/31/96)
Sales |
$107.4 million |
EarningsNet income from continuing operations | $6.3 million |
Earnings Per Sharefrom continuing operations |
$.72 |
Taxes Paid | |
Common DividendsCurrent Annual Dividend |
$1.20 |
AssetsTotal Assets |
$457.8 million |
Market Value of Stock(At $17.50 per share) One Share purchased 10 years ago for $20 is now 3.91 shares worth $71.34, assuming dividend reinvestment |
$157.2 million |
Capital SpendingTotal for the last three years Projected for the next three years |
$98.5 million $89.5 million |
EmployeesTotal Total Compensation |
617 $25.5 million |
OrganizationEight water utilities, twenty-eight utility divisions, one engineering/technical services consulting firm. Operations in Connecticut, Florida, Illinois, Maine, New Hampshire, New Jersey, Ohio, and Pennsylvania. |
|
Customer BaseWater Customers Population Served |
227,692 approx. 865,000 |
CONSUMERS WATER COMPANY, an investor owned water resource management company whose principal business is the ownership and operation of water utilities. Consumers provides water and wastewater services to over 222,000 customers in six states. The Company is headquartered in Portland, Maine, and its common stock (CONW) is traded Over-the-Counter on the NASDAQ Market System.