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Pennichuck Water Works

An archive of stories relating to the history of the City of Nashua's takeover of Pennichuck Water Works.

Nashua mayor, alderman duel over what should be done with returned Pennichuck money

NASHUA – The city has some money coming back from Pennichuck Corp., and the mayor has expressed an interest in putting those funds into the … Full story    
Published:  July 10, 2013

Public will get to speak during Pennichuck’s shareholder meeting as city-owned company

NASHUA – The city’s unprecedented ownership of a private water company makes more history Saturday, as Pennichuck Corp. management meets with ratepayers and city representatives … Full story    
Published:  March 22, 2013

Nashua aldermen reject renaming director to Pennichuck board over lack of transparency, Parcel F sale

NASHUA – Aldermen cited the “pillaging” of the Pennichuck watershed and a lack of transparency around Pennichuck Corp.’s nomination process as it unanimously voted against … Full story    
Published:  March 13, 2013

Unfilled Pennichuck director’s seat leads to finger-pointing

NASHUA – For more than a year, Pennichuck Corp.’s board of directors has been operating without a member who is supposed to represent water company … Full story    
Published:  March 13, 2013

‘Parcel F’ breeds controversy around mayor’s decision not to re-nominate Conservation Commission chairman

NASHUA – City residents might think controversy around “Parcel F” ended with the senior housing under construction there, but the subject has reared its head … Full story    
Published:  February 15, 2013

Alderman urges Pennichuck transparency through recorded board meetings, verbatim minutes

NASHUA – If city aldermen record meetings and make verbatim minutes available to the public, the city’s water company should, too. That’s the opinion of … Full story    
Published:  February 12, 2013

There’s uncertainty who can cast Nashua’s lone vote as Pennichuck shareholder

NASHUA – The city’s unprecedented ownership of a private water company has again stirred complicated questions – this time, over who fills the $12,000-a-year seats … Full story    
Published:  January 31, 2013

Pennichuck Water Works customers may see 39 cent a month increase in 2014 for infrastructure improvements, officials say

NASHUA – Pennichuck Water Works customers will likely see their bills go up about 39 cents a month in the future to pay for infrastructure … Full story    
Published:  January 29, 2013

Pennichuck directors to keep meetings open, despite ruling that says Right to Know doesn’t apply, CEO says

NASHUA – Pennichuck Corp.’s board of directors will continue to hold meetings in an “open forum,” despite a court ruling that suggests it doesn’t need … Full story    
Published:  January 24, 2013

Pennichuck salaries not subject to government transparency laws, judge rules

NASHUA – Employee salaries from Pennichuck Corp. will be shielded from the public now that a Superior Court judge has ruled the city-owned company isn’t … Full story    
Published:  January 19, 2013

Flat water usage, higher property taxes hit Pennichuck income

NASHUA – Less water usage, due partly to conservation, and more property taxes, due partly to changes in law, has led Pennichuck Corp. to expect … Full story    
Published:  January 6, 2013

Pennichuck Corp. and Nashua Board of Aldermen find that communication is complicated

NASHUA – How hard can it be for a company to communicate with its only stockholder? Pennichuck and the Nashua Board of Aldermen are finding … Full story    
Published:  December 19, 2012

Nashua alderman wants meeting with Pennichuck leadership over potential surcharges

NASHUA – A city alderman is questioning Pennichuck Corp.’s board of directors and leadership upon learning that the water utility will request funds to upgrade … Full story    
Published:  December 8, 2012

Controversial Pennichuck land sales triggered economic, tax base growth in Nashua, officials say videocam

EDITOR’S NOTE: This is another in an occasional series of stories examining 50 years of Nashua business. Stories and multimedia pieces will focus on Milestones, … Full story    
Published:  December 6, 2012

Pennichuck to seek money for water pipes and other repairs

Pennichuck Corp. is preparing to ask the state for money to repair and upgrade water mains, hydrants and other equipment as part of what is … Full story    
Published:  December 2, 2012

Nashua aldermen accept two easements on ‘Parcel F’ for city sports field, conservation land

NASHUA – Aldermen finally accepted two easements utilizing about six acres of Parcel F as a city athletic field and conservation land on Tuesday. And … Full story    
Published:  November 30, 2012

Aldermen again take up ‘Parcel F’ playing field, conservation land on Tuesday

NASHUA – Questions swirling around a city playing field and an educational piece of conservation land, on a north Nashua tract known as “Parcel F,” … Full story    
Published:  November 27, 2012

Pennichuck directors approve capital budget of nearly $10 million for 2013

MERRIMACK – Pennichuck Corp. directors on Friday approved a capital budget of nearly $10 million, setting the stage for next month, when the directors will … Full story    
Published:  November 19, 2012

Pennichuck Water Works, NH Rapid Machining get state job-training funds

CONCORD – Pennichuck Water Works received $9,500 and N.H. Rapid Machining of Nashua got $61,000 for job training under the latest round of state training … Full story    
Published:  October 3, 2012

Nonpublic Pennichuck minutes show developer was willing to give 14-acre easement to city

MERRIMACK – A batch of nonpublic meeting minutes released by Pennichuck Corp.’s board of directors last week reveal a local developer was willing to give … Full story    
Published:  September 2, 2012

Pennichuck looked for less expensive headquarters in Nashua, Merrimack

MERRIMACK – The Pennichuck board of directors also unsealed nonpublic minutes relating to the lease of Pennichuck’s headquarters at 25 Manchester St. in Merrimack and … Full story    
Published:  September 2, 2012

Committee recommends to accept easements on Parcel F, sends to Nashua Board of Aldermen

NASHUA – A rare thing happened Wednesday night: Aldermen reached relatively quick, controversy-free decisions surrounding two easements related to a lot known as Parcel F. … Full story    
Published:  August 23, 2012

Acceptance of sluiceway deed from Pennichuck Corp. to Merrimack allows for continuance of pedestrian trail

MERRIMACK – Transfer of the sluiceway and headgates at Watson Park from Pennichuck Corp. to the town of Merrimack is needed to continue expanding the … Full story    
Published:  August 16, 2012

Alderman proposes using Pennichuck’s eminent domain reimbursements on conservation land in Nashua

NASHUA – Pennichuck Corp. may provide a pool of funds for Nashua conservation land yet. On Tuesday, the Board of Aldermen will review Alderman-at-Large Barbara … Full story    
Published:  August 14, 2012

Kudos all around on Parcel F deal

When we last visited the city’s futile attempt to block the sale of what was considered the last piece of developable Nashua land in the … Full story    
Published:  August 7, 2012

Nashua Aldermen table resolution regarding $2m of proceeds from sale of Pennichuck Parcel F

NASHUA – Asking Pennichuck Corp. to give millions in land sale proceeds to conserve Nashua land could threaten the water company’s independence from the city … Full story    
Published:  August 3, 2012

Pennichuck accepts 14-acre conservation easement on Parcel F from North Concord Street Properties

NASHUA – As the dust settles from public protest over keeping the city lot known as Parcel F as conservation land, a compromise has emerged … Full story    
Published:  July 28, 2012

Pennichuck Corp. not planning to sell off any of its land

MERRIMACK – Although Pennichuck Corp. maintains hundreds of developable acreage across the state, the private water company, now owned by the city of Nashua, has … Full story    
Published:  May 6, 2012

Alderman to request Pennichuck’s $2.2m proceeds from Parcel F sale for city conservation

NASHUA – The next installment of “Who’s the Boss?” between the city and Pennichuck Corp. may soon begin over $2 million in proceeds from the … Full story    
Published:  May 2, 2012

Pennichuck board questions corporate structure under municipal ownership

NASHUA – When your largest shareholder is a municipality, how should a corporate board of directors run its meetings? Pennichuck’s 10-member board mulled over that … Full story    
Published:  April 28, 2012

Few specifics available on Nashua’s Parcel F negotiations

NASHUA – A list of dates, one page of handwritten notes and a few maps presented to aldermen was all City Hall officials had to … Full story    
Published:  April 22, 2012

Board’s vote against Parcel F purchase seals land’s fate

NASHUA – As trees come down on Concord Street, making way for senior housing on Parcel F, aldermen buried the legislation that would have allowed … Full story    
Published:  April 12, 2012

Aldermen question easement for city field on ‘Parcel F’

NASHUA – Thirty-three acres known as “Parcel F” may be off the city’s negotiation table, but officials are still examining 3.5 of those acres that … Full story    
Published:  April 8, 2012

Parcel F talks end in disappointment

As you read this, heavy machinery sits on the last piece of developable Pennichuck land in Nashua. Developer Kevin Slattery, after failing to strike a … Full story    
Published:  April 2, 2012

Attorney for North Concord Street Properties LLC: Parcel F no longer for sale

NASHUA – The hopes of a dozen residents pleading with aldermen to bond $4.85 million to purchase Parcel F on Monday night were quickly dashed … Full story    
Published:  March 27, 2012

Pennichuck board gets educated on company financials

MERRIMACK – The members of the Pennichuck Corp. board of directors are still getting their feet wet in heading what’s believed to be the country’s … Full story    
Published:  March 24, 2012

Mayor says ‘Parcel F’ no longer for sale; public hearing slated for Monday

NASHUA – A public hearing next week to discuss bonding $4.85 million to acquire Parcel F could be too little, too late. Mayor Donnalee Lozeau … Full story    
Published:  March 24, 2012

Last piece of developable Pennichuck land may be purchased by city after all: Public hearing set for March 26

NASHUA – The public will get an opportunity to weigh in on whether the city should bond $4.85 million to buy land back from a … Full story    
Published:  March 15, 2012

Aldermen reject reconsideration of Parcel F acquisition

NASHUA – Despite several residents urging aldermen to reconsider the acquisition of Parcel F, the vote that could have made that process possible failed by … Full story    
Published:  March 14, 2012

Pennichuck directors grapple with unique status as corporate board under city ownership

If you want to know what the new board of directors of Pennichuck Corp. is up to, just go to one of their Friday morning … Full story    
Published:  March 14, 2012

Pennichuck stocks mystery solved

NASHUA – It turns out that a glitch somewhere in cyberspace caused the delay that left Nashuans David and Mary Joyce wondering what happened to … Full story    
Published:  March 5, 2012

Judge: Pennichuck salaries must remain private for now

NASHUA – The salaries of Pennichuck Corp. employees must remain private until a full hearing can be held to determine whether the information is public, … Full story    
Published:  March 1, 2012

Aldermen balk at nearly $5 million price tag for Parcel F

NASHUA – Aldermen balked at the nearly $5 million asking price to acquire the last piece of untouched, developable Pennichuck Corp. land at a closed-door … Full story    
Published:  March 1, 2012

Nashua man asking why Pennichuck stock checks bounced

NASHUA – Though they didn’t really want to cash in their Pennichuck Corp. stock just yet, David and Mary Joyce knew the city’s recent acquisition … Full story    
Published:  February 29, 2012

Arguments heard over city field abutting ‘Parcel F’ in Superior Court

NASHUA – Resident Geoff Daly says he wants “unfettered access” to recreational fields wedged between Pennichuck Middle School and a 33-acre parcel in the hands … Full story    
Published:  February 29, 2012

Court hearing, nonpublic aldermanic session Tuesday to discuss Pennichuck’s ‘Parcel F’

NASHUA – City aldermen are scheduled to meet again behind closed doors Tuesday to discuss the controversial sale of a 33-acre parcel, considered Pennichuck’s last … Full story    
Published:  February 28, 2012

Pelham town manager to be considered for Pennichuck board

NASHUA – The Pennichuck Corp., recently acquired by the city of Nashua, could be adding another member to its board of directors. Members of the … Full story    
Published:  February 27, 2012

Judge grants delay of ‘Parcel F’ sale, but Nashua mayor says it’s too late

NASHUA – A Nashua resident has asked the court to stop the sale of a Pennichuck parcel slated for residential development, but his action appears … Full story    
Published:  February 18, 2012

Pennichuck had many shareholders, but their identities are unknown

NASHUA – It’s no mystery who now owns Pennichuck Corp., but finding out who owned shares of the company and its three water utilities prior … Full story    
Published:  February 17, 2012

Pennichuck $10 million line of credit approved by Nashua officials

NASHUA – Aldermen have allowed Pennichuck Corp. to open a $10 million line of credit, a source of money the company had prior to being … Full story    
Published:  February 16, 2012

Telegraph argues for release of Pennichuck salaries in Superior Court

NASHUA – Pennichuck Corp., through its bylaws, has agreed the salaries of its employees are a matter of public record, an attorney for The Telegraph … Full story    
Published:  February 15, 2012

Records illustrate the cost of Nashua buying Pennichuck

NASHUA – The city’s recent purchase of Pennichuck Corp. carried a price tag of more than $200 million. A large chunk of that money – … Full story    
Published:  February 12, 2012

Pennichuck salaries should be public

Next Tuesday, Superior Court Judge Diane Nicolosi will hear arguments in the suit filed by Local 8938 of the United Steel Workers seeking to block … Full story    
Published:  February 8, 2012

Union sues The Telegraph, Pennichuck to keep salaries secret

A Superior Court judge issued a temporary restraining order Thursday, blocking Pennichuck Corp. from releasing the salaries of its employees and prohibiting The Telegraph from … Full story    
Published:  February 3, 2012

Nashua officials have mixed views on publicizing Pennichuck salaries

NASHUA – Given the city is the sole shareholder of Pennichuck Corp. stock, bought and paid for with the sale of municipal bonds, Mayor Donnalee … Full story    
Published:  February 3, 2012

Panel tends to Pennichuck business

NASHUA – A week after the celebration of the city’s acquisition of Pennichuck Corp., it’s all down to business with the public operation of the … Full story    
Published:  February 1, 2012

Outgoing Pennichuck executives get golden parachutes worth $2.2 million paid by city

NASHUA – A pair of Pennichuck Corp. executives will cash out a combined $1.16 million in publicly funded severance compensation now that the city of … Full story    
Published:  January 27, 2012

Nashua now owns Pennichuck Corp. after decade of talks and fights

NASHUA – Ten years in the making, the city’s historic purchase of Pennichuck Corp. and its water utilities was finalized by a phone call Wednesday … Full story    
Published:  January 26, 2012

A momentous day in Nashua history

Slowly but surely, the last pieces of the complex puzzle that is the city’s acquisition of Pennichuck Corp. have fallen into place these past few … Full story    
Published:  January 26, 2012

City officials argue about Pennichuck land before meeting privately

NASHUA – A few aldermen questioned the city’s handling of Pennichuck-owned property that could be commercially developed, but other officials defended the process. The back-and-forth … Full story    
Published:  January 25, 2012

Pennichuck land deal finalized as Nashua prepares to buy company

NASHUA – A controversial sale of Pennichuck Corp. property has occurred just days before the company is set to be purchased by the city. North … Full story    
Published:  January 24, 2012

Nashua’s Pennichuck takeover finally on tap

NASHUA – After a decade of negotiations, public officials can finally toast the city’s historic acquisition of Pennichuck Corp. with glassed filled with city-owned water. … Full story    
Published:  January 21, 2012

Nashua bonds for acquisition of Pennichuck utility rated ‘AAA’

NASHUA – Fitch Ratings has given the city’s $150 million general obligation bonds for its acquisition of Pennichuck Corp. the maximum “AAA” rating, according to … Full story    
Published:  January 9, 2012

New board for Pennichuck in Nashua facing unique circumstances

NASHUA – Pennichuck Corp.’s new board of directors will face an unusual set of circumstances as it shifts the company from private control to public … Full story    
Published:  January 8, 2012

Process to create new Pennichuck board took months and included private interviews

NASHUA – The word went out last spring. The city of Nashua needed people with executive experience, business and legal acumen, engineering and environmental backgrounds … Full story    
Published:  January 8, 2012

Nashua delays Pennichuck purchase for better bond rates

NASHUA – Some things are worth waiting for. And that’s what city officials hope, by delaying for a month the purchase of Pennichuck Corp. and … Full story    
Published:  December 14, 2011

Pennichuck scenario will be very unusual, maybe even unique

When Nashua finally takes over Pennichuck Corp. next year, as seems inevitable unless the financial markets collapse, it will create the oddest arrangement for many … Full story    
Published:  December 2, 2011

Utility deal gets last OK

NASHUA – State regulators have approved the city of Nashua’s acquisition of Pennichuck Corp. and its water utility, creating an arrangement regulators say may be … Full story    
Published:  November 24, 2011

Other Pennichuck parcel in Nashua acquisition is Stabile-owned Merrimack land

NASHUA – Many people know about “Parcel F” – the Pennichuck-owned property where a developer intends to build elderly housing over the objections of residents … Full story    
Published:  November 6, 2011

Merrimack weighs say after a deal

MERRIMACK - Without a voice on the company board, Merrimack officials fear they're drowning in Pennichuck waters. Town leaders, who want a dedicated seat on … Full story    
Published:  October 31, 2011

PUC hears Merrimack push for seat on board

CONCORD – With the town of Merrimack acting as the lone naysayer, spurred by fear of having prime industrial land left high and dry, the … Full story    
Published:  October 26, 2011

Nashua purchase of Pennichuck nears end of line with state hearing

NASHUA – The city’s long quest to buy Pennichuck Corp. has played out like a Tolstoy novel. For nearly a decade, city officials and Pennichuck … Full story    
Published:  October 24, 2011

Nashua borrowing power is AAA strong

NASHUA – The city has received the highest possible credit score from Fitch Ratings: an “AAA” grade on its general obligation bonds. Fitch, a globally … Full story    
Published:  October 18, 2011

Nashua mayor explains the need for private talks on land deal

NASHUA – For about a month now, Mayor Donnalee Lozeau has met privately with the people behind a controversial development on Pennichuck land. With no … Full story    
Published:  October 14, 2011

NH environmental officials find no problem with Pennichuck development

NASHUA – State environmental officials have found nothing wrong with a developer’s plans to build an 85-unit elderly housing complex on a Pennichuck parcel off … Full story    
Published:  October 14, 2011

Nashua has time to bargain for alternative to Pennichuck land deal

NASHUA – The city has as long as four months to negotiate an alternative to a housing complex being built on Pennichuck land. As expected, … Full story    
Published:  October 13, 2011

Background check issue back to panel

NASHUA – In the end, a citizen’s suggestion and the hope of compromise might have scuttled any thought of a veto-override attempt. Or maybe it … Full story    
Published:  October 13, 2011

Nashua mayor asks to delay Pennichuck land deal

NASHUA – Pennichuck Corp. and a developer have agreed to delay their controversial land deal so the city can continue negotiating with the two parties … Full story    
Published:  October 11, 2011

Nashua powerless as Pennichuck sells last developable land

NASHUA – As Pennichuck Corp. prepares to sell its last untouched piece of developable land in the city, residents have asked questions that have been … Full story    
Published:  October 9, 2011

State now has Pennichuck materials to review

NASHUA – State environmental officials finally have received a package of materials about a controversial housing project set to be built on Pennichuck property off … Full story    
Published:  October 5, 2011

Pennichuck deal raises tension and threat of police investigation

NASHUA – The development of Pennichuck-owned property continues to stir passions. With the discovery that the city wanted to buy a controversial Pennichuck parcel eight … Full story    
Published:  September 29, 2011

Conservation group stands by Pennichuck action

NASHUA – The city Conservation Commission has no binding authority, but its advisements can carry weight. So when the commission earlier this month asked state … Full story    
Published:  September 29, 2011

City tried to buy controversial Pennichuck land in 2003

NASHUA – The city has spent nearly a decade trying to buy Pennichuck Corp. with the intent of stopping the company from selling land around … Full story    
Published:  September 28, 2011

Nashua officials weighing Pennichuck land options

NASHUA – With the threat of a lawsuit hanging over their heads, city officials could soon limit their public discussions about a controversial housing development … Full story    
Published:  September 22, 2011

Developer of Pennichuck land asks city to step aside

NASHUA – The developer of a controversial housing complex on Pennichuck land has asked the city to stop interfering with the project despite the outcry … Full story    
Published:  September 15, 2011

Nashua board to look at housing development on Pennichuck land

NASHUA – Aldermen soon could take a closer look at potential environmental issues on 33 acres of Pennichuck Corp. property slated to be developed for … Full story    
Published:  September 11, 2011

Conservation group wants Pennichuck project halted

NASHUA – The city Conservation Commission will ask the state to revoke a necessary permit for the commercial development of 33 acres owned by Pennichuck … Full story    
Published:  September 8, 2011

Nashua residents proceeding with effort to stop Pennichuck development

NASHUA – A group of residents continues to ask city officials to reconsider the development of a senior housing complex on what they say is … Full story    
Published:  August 11, 2011

Earnings up for Pennichuck in second quarter

Pennichuck Corp. announced Monday that net income for its second quarter, which ended June 30, was up $600,000 from the second quarter of 2010. This … Full story    
Published:  August 9, 2011

Pennichuck: Housing project not close to supply

NASHUA – Pennichuck Corp. officials stress that a proposed elderly housing complex does not sit on the city’s watershed. The 85-unit housing development on Concord … Full story    
Published:  July 8, 2011

Meeting on land deal draws crowd

NASHUA – Close to 20 people spent their Thursday night on the third floor of City Hall listening to engineers and lawyers talk about a … Full story    
Published:  July 8, 2011

Utility, partner to sell 33 acres

NASHUA – Pennichuck Water Works and its real estate subsidiary, Southwood Corp., plan to sell 33 acres at 200 Concord St. to a development firm, … Full story    
Published:  July 7, 2011

Pennichuck shareholders approve sale to Nashua

MERRIMACK – Pennichuck shareholders approved a deal Wednesday morning to sell the company’s stock to the city of Nashua for $29 a share. The approval … Full story    
Published:  June 16, 2011

Utility vote has Nashua at last step

Speak now, shareholders, or forever hold your peace. The second big step in the city’s latest – and, most likely, last – attempt to buy … Full story    
Published:  June 13, 2011

Pennichuck shareholders to vote on sale to Nashua June 15

June 15 is a big day for Pennichuck Corp. and the city of Nashua. The company has selected that date for the shareholders meeting to … Full story    
Published:  April 25, 2011

Developers pursuing deal over Pennichuck watershed land

NASHUA – One factor often cited in Nashua’s decade-long push to acquire Pennichuck Water Works is the parent company’s perceived pillaging of the watershed, according … Full story    
Published:  February 24, 2011

Lone candidate named utility interim CEO

NASHUA – The Board of Aldermen on Tuesday hired the sole candidate presented to be the interim chief executive officer of Pennichuck Corp., once the … Full story    
Published:  February 23, 2011

Citizen aims to gain voice over utility

NASHUA – Before voters elected Fred Teeboom to the Board of Aldermen in 2005, the taxpayer-activist was an intervenor in hearings before state regulators as … Full story    
Published:  January 31, 2011

Aldermen take 2 steps for utility

NASHUA – Aldermen approved two measures Tuesday that state regulators required as steps toward the city acquiring the local water company. With the Board of … Full story    
Published:  January 12, 2011

Nashua mayor backs consultant to run water company on interim basis

NASHUA – The mayor has recommended a financial consultant to be the interim chief executive officer of Pennichuck Corp., even though the city’s purchase of … Full story    
Published:  January 8, 2011