BRYN MAWR, Pa., Nov. 3, 2003 -- Philadelphia Suburban Corp., announced that it has completed the sale of the company's regulated and non-regulated operations in Connecticut to Birmingham Utilities Inc. and Birmingham H2O Services Inc., wholly-owned subsidiaries of BIW Ltd--an investor-owned water utility based in Ansonia, Connecticut--for the purchase price of approximately $4 million or $2,000 per customer. The properties sold were among the investor-owned water and wastewater systems of AquaSource, Inc. that PSC acquired July 31, 2003 from DQE for $190 million. In total, the operations served 130,000 customers in 10 states. Prior to completing the AquaSource transaction, PSC announced its intention to sell the Connecticut and New York properties to Birmingham Utilities contingent upon regulatory approval. Regulatory approval for the sale of the Connecticut properties was received and is pending for the sale of the New York properties.