YORK WATER CO
For the period ended Dec 31, 2023. Filed Mar 5, 2024.
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FY2023 · Filed Mar 5, 2024
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Forward-Looking Statements
Certain statements contained in this annual report and in documents incorporated by reference constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Words such as “may,” “should,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “objective” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include certain information relating to the Company’s business strategy and future prospects; including, but not limited to:
| • | the amount and timing of rate changes and other regulatory matters including the recovery of costs recorded as regulatory assets; |
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| • | expected profitability and results of operations; |
| • | trends; |
| • | goals, priorities and plans for, and cost of, growth and expansion; |
| • | strategic initiatives; |
| • | availability of water supply; |
| • | water usage by customers; and |
| • | the ability to pay dividends on common stock and the rate of those dividends. |
The forward-looking statements in this Annual Report reflect what the Company currently anticipates will happen. What actually happens could differ materially from what it currently anticipates will happen and caution should be exercised against placing undue reliance upon such statements, which are based only on information currently available to the Company and speak only as of the date hereof. The Company does not intend to make a public announcement when forward-looking statements in this Annual Report are no longer accurate, whether as a result of new information, what actually happens in the future or for any other reason. Important matters that may affect what will actually happen include, but are not limited to:
| • | changes in weather or climate, including drought conditions or extended periods of heavy precipitation; |
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| • | natural disasters, including pandemics such as the recent outbreak of the novel strain of coronavirus known as “COVID-19” and its variants and the effectiveness of the Company’s pandemic plans; |
| • | levels of rate relief granted; |
| • | the level of commercial and industrial business activity within the Company’s service territory; |
| • | construction of new housing within the Company’s service territory and increases in population; |
| • | changes in government policies or regulations, including the tax code; |
| • | the ability to obtain permits for expansion projects; |
| • | material changes in demand from customers, including the impact of conservation efforts which may impact the demand of customers for water; |
| • | changes in economic and business conditions, including interest rates; |
| • | loss of customers; |
| • | changes in, or unanticipated, capital requirements; |
| • | the impact of acquisitions; |
| • | changes in accounting pronouncements; |
| • | changes in the Company’s credit rating or the market price of its common stock; and |
| • | the ability to obtain financing. |
Part I
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.