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An archive of stories relating to the history of the city of Nashua taking over Pennichuck Water Works.
Judge grants delay of ‘Parcel F’ sale, but Nashua mayor says it’s too late
By ALBERT McKEON Staff Writer | Saturday, February 18, 2012
NASHUA – A Nashua resident has asked the court to stop the sale of a Pennichuck parcel slated for residential development, but his action appears …
Pennichuck had many shareholders, but their identities are unknown
By ALBERT McKEON Staff Writer | Friday, February 17, 2012
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 …
Pennichuck $10 million line of credit approved by Nashua officials
By ALBERT McKEON Staff Writer | Thursday, February 16, 2012
NASHUA – Aldermen have allowed Pennichuck Corp. to open a $10 million line of credit, a source of money the company had prior to being …
Telegraph argues for release of Pennichuck salaries in Superior Court
By PATRICK MEIGHAN Staff Writer | Wednesday, February 15, 2012
NASHUA – Pennichuck Corp., through its bylaws, has agreed the salaries of its employees are a matter of public record, an attorney for The Telegraph …
Records illustrate the cost of Nashua buying Pennichuck
By ALBERT McKEON Staff Writer | Sunday, February 12, 2012
NASHUA – The city’s recent purchase of Pennichuck Corp. carried a price tag of more than $200 million. A large chunk of that money – …
Pennichuck salaries should be public
Wednesday, February 8, 2012
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 …
Union sues The Telegraph, Pennichuck to keep salaries secret
By DAVID BROOKS Staff Writer | Friday, February 3, 2012
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 …
Nashua officials have mixed views on publicizing Pennichuck salaries
By ALBERT McKEON Staff Writer | Friday, February 3, 2012
NASHUA – Given the city is the sole shareholder of Pennichuck Corp. stock, bought and paid for with the sale of municipal bonds, Mayor Donnalee …
Panel tends to Pennichuck business
By ALBERT McKEON Staff Writer | Wednesday, February 1, 2012
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 …
Outgoing Pennichuck executives get golden parachutes worth $2.2 million paid by city
By ALBERT McKEON Staff Writer | Friday, January 27, 2012
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 …
Nashua now owns Pennichuck Corp. after decade of talks and fights
By ALBERT McKEON Staff Writer | Thursday, January 26, 2012
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 …
A momentous day in Nashua history
Thursday, January 26, 2012
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 …
City officials argue about Pennichuck land before meeting privately
By ALBERT McKEON Staff Writer | Wednesday, January 25, 2012
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 …
Pennichuck land deal finalized as Nashua prepares to buy company
By ALBERT McKEON Staff Writer | Tuesday, January 24, 2012
NASHUA – A controversial sale of Pennichuck Corp. property has occurred just days before the company is set to be purchased by the city. North …
Nashua’s Pennichuck takeover finally on tap
By ALBERT McKEON Staff Writer | Saturday, January 21, 2012
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. …
Nashua bonds for acquisition of Pennichuck utility rated ‘AAA’
By MARYALICE GILL Staff Writer | Monday, January 9, 2012
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 …
New board for Pennichuck in Nashua facing unique circumstances
By ALBERT McKEON Staff Writer | Sunday, January 8, 2012
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 …
Process to create new Pennichuck board took months and included private interviews
By ALBERT McKEON Staff Writer | Sunday, January 8, 2012
NASHUA – The word went out last spring. The city of Nashua needed people with executive experience, business and legal acumen, engineering and environmental backgrounds …
Nashua delays Pennichuck purchase for better bond rates
By ALBERT McKEON Staff Writer | Wednesday, December 14, 2011
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 …
Pennichuck scenario will be very unusual, maybe even unique
By DAVID BROOKS Staff Writer | Friday, December 2, 2011
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 …
Utility deal gets last OK
By MARYALICE GILL and DAVID BROOKS Staff Writer | Thursday, November 24, 2011
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 …
Other Pennichuck parcel in Nashua acquisition is Stabile-owned Merrimack land
By ALBERT McKEON Staff Writer | Sunday, November 6, 2011
NASHUA – Many people know about “Parcel F” – the Pennichuck-owned property where a developer intends to build elderly housing over the objections of residents …
Merrimack weighs say after a deal
By JAKE BERRY Staff Writer | Monday, October 31, 2011
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 …
PUC hears Merrimack push for seat on board
By DAVID BROOKS Staff Writer | Wednesday, October 26, 2011
CONCORD – With the town of Merrimack acting as the lone naysayer, spurred by fear of having prime industrial land left high and dry, the …
Nashua purchase of Pennichuck nears end of line with state hearing
By ALBERT McKEON Staff Writer | Monday, October 24, 2011
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 …
Nashua borrowing power is AAA strong
Tuesday, October 18, 2011
NASHUA – The city has received the highest possible credit score from Fitch Ratings: an “AAA” grade on its general obligation bonds. Fitch, a globally …
Nashua mayor explains the need for private talks on land deal
By ALBERT McKEON Staff Writer | Friday, October 14, 2011
NASHUA – For about a month now, Mayor Donnalee Lozeau has met privately with the people behind a controversial development on Pennichuck land. With no …
NH environmental officials find no problem with Pennichuck development
Friday, October 14, 2011
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 …
Nashua has time to bargain for alternative to Pennichuck land deal
By ALBERT McKEON Staff Writer | Thursday, October 13, 2011
NASHUA – The city has as long as four months to negotiate an alternative to a housing complex being built on Pennichuck land. As expected, …
Background check issue back to panel
By ALBERT McKEON Staff Writer | Thursday, October 13, 2011
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 …
Nashua mayor asks to delay Pennichuck land deal
By ALBERT McKEON Staff Writer | Tuesday, October 11, 2011
NASHUA – Pennichuck Corp. and a developer have agreed to delay their controversial land deal so the city can continue negotiating with the two parties …
Nashua powerless as Pennichuck sells last developable land
By ALBERT McKEON Staff Writer | Sunday, October 9, 2011
NASHUA – As Pennichuck Corp. prepares to sell its last untouched piece of developable land in the city, residents have asked questions that have been …
State now has Pennichuck materials to review
By ALBERT McKEON Staff Writer | Wednesday, October 5, 2011
NASHUA – State environmental officials finally have received a package of materials about a controversial housing project set to be built on Pennichuck property off …
Pennichuck deal raises tension and threat of police investigation
By ALBERT McKEON Staff Writer | Thursday, September 29, 2011
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 …
Conservation group stands by Pennichuck action
By ALBERT McKEON Staff Writer | Thursday, September 29, 2011
NASHUA – The city Conservation Commission has no binding authority, but its advisements can carry weight. So when the commission earlier this month asked state …
City tried to buy controversial Pennichuck land in 2003
By ALBERT McKEON Staff Writer | Wednesday, September 28, 2011
NASHUA – The city has spent nearly a decade trying to buy Pennichuck Corp. with the intent of stopping the company from selling land around …
Nashua officials weighing Pennichuck land options
By ALBERT McKEON Staff Writer | Thursday, September 22, 2011
NASHUA – With the threat of a lawsuit hanging over their heads, city officials could soon limit their public discussions about a controversial housing development …
Developer of Pennichuck land asks city to step aside
By ALBERT McKEON Staff Writer | Thursday, September 15, 2011
NASHUA – The developer of a controversial housing complex on Pennichuck land has asked the city to stop interfering with the project despite the outcry …
Nashua board to look at housing development on Pennichuck land
By ALBERT McKEON Staff Writer | Sunday, September 11, 2011
NASHUA – Aldermen soon could take a closer look at potential environmental issues on 33 acres of Pennichuck Corp. property slated to be developed for …
Conservation group wants Pennichuck project halted
By ALBERT McKEON Staff Writer | Thursday, September 8, 2011
NASHUA – The city Conservation Commission will ask the state to revoke a necessary permit for the commercial development of 33 acres owned by Pennichuck …
Nashua residents proceeding with effort to stop Pennichuck development
By ALBERT McKEON Staff Writer | Thursday, August 11, 2011
NASHUA – A group of residents continues to ask city officials to reconsider the development of a senior housing complex on what they say is …
Earnings up for Pennichuck in second quarter
By MARYALICE GILL Staff Writer | Tuesday, August 9, 2011
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 …
Pennichuck: Housing project not close to supply
By ALBERT McKEON Staff Writer | Friday, July 8, 2011
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 …
Meeting on land deal draws crowd
By Joseph G. Cote Staff Writer | Friday, July 8, 2011
NASHUA – Close to 20 people spent their Thursday night on the third floor of City Hall listening to engineers and lawyers talk about a …
Utility, partner to sell 33 acres
By TOM WEST Correspondent | Thursday, July 7, 2011
NASHUA – Pennichuck Water Works and its real estate subsidiary, Southwood Corp., plan to sell 33 acres at 200 Concord St. to a development firm, …
Pennichuck shareholders approve sale to Nashua
By PATRICK MEIGHAN Staff Writer | Thursday, June 16, 2011
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 …
Utility vote has Nashua at last step
By ASHLEY SMITH Staff Writer | Monday, June 13, 2011
Speak now, shareholders, or forever hold your peace. The second big step in the city’s latest – and, most likely, last – attempt to buy …
Pennichuck shareholders to vote on sale to Nashua June 15
By ASHLEY SMITH Staff Writer | Monday, April 25, 2011
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 …
Developers pursuing deal over Pennichuck watershed land
By PATRICK MEIGHAN Staff Writer | Thursday, February 24, 2011
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 …
Lone candidate named utility interim CEO
By PATRICK MEIGHAN Staff Writer | Wednesday, February 23, 2011
NASHUA – The Board of Aldermen on Tuesday hired the sole candidate presented to be the interim chief executive officer of Pennichuck Corp., once the …
Citizen aims to gain voice over utility
By PATRICK MEIGHAN Staff Writer | Monday, January 31, 2011
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 …
Aldermen take 2 steps for utility
By PATRICK MEIGHAN Staff Writer | Wednesday, January 12, 2011
NASHUA – Aldermen approved two measures Tuesday that state regulators required as steps toward the city acquiring the local water company. With the Board of …
Nashua mayor backs consultant to run water company on interim basis
By PATRICK MEIGHAN Staff Writer | Saturday, January 8, 2011
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 …
Pennichuck deal’s funding a sticking point for some
By PATRICK MEIGHAN Staff Writer | Friday, January 7, 2011
NASHUA – Acquiring a water company by buying its stock is a good idea, but the devil might be in the details of how the …
How should city pay for Pennichuck?
By PATRICK MEIGHAN Staff Writer | Tuesday, January 4, 2011
NASHUA – First, through a series of public meetings, the city sought to answer questions about a deal it struck to acquire a water company. …
City to ask NH if it can recoup $5m
By PATRICK MEIGHAN Staff Writer | Wednesday, December 29, 2010
NASHUA – The city will ask state regulators for the right to recoup $5 million it has spent on eminent domain proceedings in its abandoned …
Nashua unseals minutes from water company discussions
By PATRICK MEIGHAN Staff Writer | Sunday, December 19, 2010
NASHUA – Unsealed minutes from closed-door sessions held by the Board of Aldermen tell an incomplete tale of the city’s struggles to negotiate a deal …
City still has water hurdles to cross in Pennichuck buy
By JAKE BERRY Staff Writer | Friday, December 17, 2010
MERRIMACK – The ripples caused by Nashua’s new water service won’t flow far into Merrimack. But they will reach one of the town’s largest employers. …
City unseals Pennichuck deal minutes
By PATRICK MEIGHAN Staff Writer | Wednesday, December 15, 2010
NASHUA – The city’s lengthy sojourn from attempts to seize a water utility to a negotiated deal to outright buy the utility’s parent company can …
City officials warn: No rate dip soon
By JAKE BERRY Staff Writer | Tuesday, December 14, 2010
LITCHFIELD – Litchfield residents and other customers of Nashua’s new water service won’t see their utility rates go down next year or the year after, …
Merrimack residents run their Village District
By JAKE BERRY Staff Writer | Tuesday, November 30, 2010
MERRIMACK – The sale of Pennichuck water company, announced earlier this month in Nashua, won’t make many waves across the line in Merrimack. While a …
Sides in Pennichuck deal deserve kudos
Wednesday, November 17, 2010
Were you surprised when you heard the news that the city of Nashua had settled its dispute with Pennichuck Corp.? I suspect not. After all, …
Pennichuck executives to get boost in severance packages
By ASHLEY SMITH Staff Writer | Wednesday, November 17, 2010
Pennichuck Corp. executives will receive three times the amount of severance pay following a sale to the city than if they were fired or quit …
$198m deal applauded
By PATRICK MEIGHAN Staff Writer | Tuesday, November 16, 2010
NASHUA – Most of the 25 or so people who attended an informational meeting Monday on the city’s deal to acquire Pennichuck were current or …
Water relief: City happy about deal
By PATRICK MEIGHAN Staff Writer | Sunday, November 14, 2010
NASHUA – Hugs and congratulations were the order of the day in City Hall on Friday morning. Elsewhere in the city, residents sounded notes of …
If you’re thirsty for answers
By ASHLEY SMITH Staff Writer | Sunday, November 14, 2010
So, the city of Nashua is buying Pennichuck Corp. and taking control of the local water supply. Maybe you’re wondering: How does this affect me? …
Report led to land sale
Sunday, November 14, 2010
EDITOR’S NOTE: A slightly longer version of this story ran in The Telegraph in late 2008. A tattered old document spells out just how Pennichuck …
Nashua makes history with utility acquisition
Sunday, November 14, 2010
When Nashua historians look back on the mayoral tenure of Donnalee Lozeau, she is most likely to be remembered as the mayor who put Nashua …
Pennichuck time line: Path to acquisition starts in 2002
Sunday, November 14, 2010
This is a time line of the city of Nashua’s effort to acquire Pennichuck Water Works: APRIL 2002: Pennichuck Corp. announces it will be acquired …
Watershed moment: Pennichuck deal struck
By PATRICK MEIGHAN and ASHLEY SMITH Staff Writers | Saturday, November 13, 2010
NASHUA – After an eight-year battle, the city of Nashua has reached a historic deal to take ownership of the local water supply and protect …
Towns confident in city’s ability to run company
By JOSEPH G. COTE Staff Writer | Saturday, November 13, 2010
NASHUA – Although the vast majority of Pennichuck Corp.’s water customers are in Nashua, the company provides water to thousands more people in towns throughout …
Pennichuck says Q3 net income rose
By DAVID BROOKS Staff Writer | Wednesday, November 3, 2010
Increased income from water customers caused by extra use during the dry summer and higher rates pushed Pennichuck Corp., the parent of Nashua’s water utility, …
Increase approved for Pennichuck
Friday, October 15, 2010
MERRIMACK – State regulators have approved a temporary rate increase of 10.8 percent for customers of Pennichuck Water Works, pending a permanent decision on a …
Pennichuck makes case before PUC for needing money
By PATRICK MEIGHAN Staff Writer | Thursday, September 16, 2010
CONCORD – Pennichuck Water Works needs money, but the reason isn’t related to the millions that the company has spent in its legal battle to …
What goes down (the drain) must come up (water rates)
By PATRICK MEIGHAN Staff Writer | Sunday, September 12, 2010
CONCORD – Pennichuck Water Works officials are scheduled to go before state regulators Wednesday to ask for a temporary rate increase. The request is a …
Pennichuck profits rise with temps
By ASHLEY SMITH Staff Writer | Saturday, August 7, 2010
MERRIMACK – Pennichuck Corp. saw its profits rise about 25 percent over last year to almost $1 million in the second quarter because of a …
Utility takeover saga continues
By DAVID BROOKS Staff Writer | Friday, July 2, 2010
It might be the world’s dullest announcement: A company and a government have asked a regulator to create a timetable for establishing a process to …
Is $32 fair for each Pennichuck share?
By BOB SANDERS New Hampshire Business Review | Wednesday, May 12, 2010
Pennichuck Corp.’s largest shareholder thinks that if the city of Nashua buys the company outright, the acquisition price should be $32 a share – a …
PUC ruling upheld in Pennichuck case
By ASHLEY SMITH and PATRICK MEIGHAN Staff Writers | Friday, March 26, 2010
On the heels of Thursday’s New Hampshire Supreme Court decision, the city of Nashua has 90 days to decide whether it will take control of …
Pennichuck case gets day in court
By ASHLEY SMITH Staff Writer | Friday, January 22, 2010
CONCORD – It took 18,000 pieces of paper to get here, but the fate of Nashua’s water company finally lies in the hands of the …
Higher rates help Pennichuck turn profit as use is cut
By ASHLEY SMITH Staff Writer | Sunday, November 8, 2009
MERRIMACK – Customers used less water in the third quarter of this year, but Pennichuck Corp. saw an increase in profits due to higher water …
As Pennichuck unveils new plant, mayor’s not in sight
By PATRICK MEIGHAN Staff Writer | Thursday, October 14, 1920
NASHUA — Pennichuck began supplying the city with drinking water in 1858. A few weeks ago, finishing touches were put on a water treatment upgrade …
