Aqua America Hires 30-Year Finance Veteran as Treasur
Moy Kelly’s Experience Includes Utility Industry
January 12, 2010 08:33 AM Eastern Time
BRYN MAWR, Pa.--(EON: Enhanced Online News)--Aqua America, Inc. (NYSE: WTR) has hired Diana Moy Kelly as treasur
Moy Kelly is responsible for managing the company’s short- and long-term debt financings, cash management, payroll, and account
Moy Kelly has more than 30 years of treasury and corporate finance experience including 10 years as an issuer of asset-backed se
student loan and consumer auto loan sectors. She also served as assistant treasurer of PECO Energy Company during the deregulat
utility industry in Pennsylvania.
“I am confident that Diana’s experience is well-suited for our company and our goal to continue to use our balance sheet to access t
at favorable rates to enhance our major capital program to rebuild our companies’ water and wastewater utility infrastructure,” said
Chairman and CEO Nicholas DeBenedictis. CFO Dave Smeltzer echoed that confidence. “We first engaged Diana in November o
We had just six weeks to close a $75 million tax exempt bond, issue a $50 million private placement at 4.72 percent; renew the $7
Pennsylvania line of credit and the AA $10 million discretionary line; and convert the Ohio and Illinois lines to one $15 million AA li
points). Diana completed the job on time and without missing a beat.”
Moy Kelly received a B.A. in economics and accounting from the Catholic University of America and an MBA in finance and acco
University of Pittsburgh. She is a member of the Philadelphia Treasurers’ Club.
Aqua America, Inc. is a U.S.-based publicly traded water and wastewater utility holding company, serving approximately threemilli
Pennsylvania, New York, Ohio, North Carolina, Illinois, Texas, Florida, New Jersey, Indiana, Virginia, Maine, Missouri, South Ca
Georgia. Aqua America is listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol WTR.
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