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York Water Company
York Water Company

Water service & technology / Water Utilities and Services

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Company at a Glance

Overview
The York Water Company is a publicly traded water utility company that serves the city of York, Pennsylvania and surrounding areas. The company was founded in 1816 and is one of the oldest investor-owned utilities in the United States.
The primary function of the York Water Company is to provide safe and reliable drinking water to its customers. The company operates and maintains a network of water mains, treatment plants, and storage tanks to ensure a constant supply of water to its customers.
In addition to providing water service, the company also offers services such as leak detection, meter reading, and water conservation programs. The York Water Company is dedicated to providing high-quality customer service and educating the public about water conservation and environmental sustainability.
The company is also involved in the community through various initiatives and partnerships, including the York Water Scholarship Foundation and the annual "Drink Outside the Box" event, which raises funds for local charities.
The York Water Company is committed to being a responsible and environmentally conscious company, implementing practices such as using sustainable materials in their infrastructure and participating in voluntary conservation measures.
What is special about the company?
1. Rich History: The York Water Company was founded in 1816, making it the oldest investor-owned water utility in the United States. It has been providing water to the residents of York, Pennsylvania for over 200 years.
2. Consistent Dividend Payment: The Company has a long history of paying consistent and growing dividends to its shareholders. In 2019, it marked its 590th consecutive dividend payment, making it one of the few companies to have paid a dividend every year since its inception.
3. Quality Service: The Company has a reputation for providing high-quality and reliable water services to its customers. It consistently ranks high in customer satisfaction surveys and has won numerous awards for its water quality.
4. Infrastructure Investments: The York Water Company continuously invests in its infrastructure to ensure the safe and reliable delivery of water to its customers. In the past decade, it has invested over $85 million in system improvements and upgrades.
5. Community Involvement: The Company is actively involved in the communities it serves through various initiatives and partnerships. It supports local organizations and sponsors educational programs on water conservation and environmental protection.
6. Sustainable Practices: The York Water Company is committed to sustainability and has implemented various measures to conserve water and reduce its environmental impact. It has also invested in renewable energy sources, such as solar panels, to power its operations.
7. Financial Stability: The Company has a strong financial track record, with consistent revenue and earnings growth. It also has a solid credit rating, allowing it to access capital at favorable rates to fund its growth and operations.
8. Award-Winning: The York Water Company has been recognized for its industry-leading performance and practices by various organizations, including the American Water Works Association and the Association of Metropolitan Water Agencies.
9. Innovation: The Company is constantly exploring new technologies and strategies to improve its operations and customer service. It has invested in advanced metering systems and remote monitoring to enhance its efficiency and responsiveness.
10. Social Responsibility: The York Water Company is committed to being a responsible corporate citizen and has implemented initiatives to promote diversity, inclusion, and ethical practices within its organization. It also actively supports charitable causes and disaster relief efforts.
What the company's business model?
The York Water Company's business model can be described as follows:
1. Utility company: The main aspect of the company's business is providing water and wastewater services to customers in York County, Pennsylvania. This is a regulated business, meaning that rates are set by the state Public Utility Commission.
2. Fixed cost recovery: The company's business model focuses on recovering fixed costs through water sales. This means that the majority of the company's revenue comes from selling water, rather than from variable costs such as labor or materials.
3. Investment in infrastructure: As a utility company, the York Water Company must constantly invest in its infrastructure to maintain and upgrade its water and wastewater systems. These investments are necessary to ensure the reliability and quality of the company's services.
4. Stable and predictable earnings: The company's business model is designed to generate stable and predictable earnings over time. This is achieved through the regulated nature of its business, which provides a level of stability and predictability in revenue and expenses.
5. Customer focus: The York Water Company places a strong emphasis on customer service and satisfaction. This is reflected in its mission statement, which states that the company is committed to providing "quality, service, and value...to our customers, employees, and the community."
6. Geographic focus: The company's operations are primarily focused on York County, Pennsylvania. This geographic concentration allows the company to maintain a strong presence and understanding of the local market, while also leveraging economies of scale.
7. Environmental responsibility: As a provider of water and wastewater services, the York Water Company has a responsibility to protect the environment. The company's business model includes initiatives and investments in sustainable and environmentally-friendly practices.
8. Long-term growth: The company's business model is focused on long-term growth and sustainability. This includes continuous investment in infrastructure, strategic acquisitions and partnerships, and diversification of services to adapt to changing market conditions.
Overall, the York Water Company's business model is centered around being a reliable and responsible provider of quality water services while maintaining a focus on growth and sustainability.
Interesting facts about the company

1. The York Water Company was founded in 1816, making it the oldest investor-owned utility company in the United States.
2. The company serves nearly 200,000 customers in 48 municipalities in York and Adams counties in Pennsylvania.
3. The York Water Company’s first water supply was a wooden pipeline that brought water from a nearby creek to the city of York.
4. In the 1800s, the company also ran a horse-drawn fire engine service to assist customers with firefighting efforts.
5. The York Water Company is the only publicly traded water utility in the state of Pennsylvania.
6. The company’s iconic logo featuring a Native American chief has been used since the early 1900s and is still in use today.
7. The York Water Company is known for its charitable efforts, having donated over $550,000 to local organizations and charities in 2020 alone.
8. The company has continuously provided water service to the city of York for over 200 years, even during times of war and economic hardship.
9. The York Water Company has a groundwater treatment facility that can treat up to 50 million gallons of water per day, making it one of the largest in the state.
10. The York Water Company has received multiple awards for its water quality and conservation efforts, including being named the Best Water System in the State by the Pennsylvania Rural Water Association in 2019.
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