Connecticut Water Service, Inc. Declares Dividends and Approves 2013 Capital Spending Plan

Connecticut Water Service, Inc. Declares Dividends and Approves 2013 Capital
Spending Plan

CLINTON, Conn., Nov. 19, 2012 (GLOBE NEWSWIRE) -- Connecticut Water Service,
Inc. (Nasdaq:CTWS) announced today that the Company's Board of Directors
declared a quarterly cash dividend of $0.2425 per common share payable on
December 17, 2012, for shareholders of record as of December 3, 2012. This
quarterly dividend remains unchanged from the previous quarter and represents
an annualized dividend of $0.97. CTWS's annual dividend yield at the stock
market closing on Friday, November 16, 2012 was 3.4 percent. Connecticut Water
has paid quarterly dividends on common stock since its founding in 1956
without interruption or reduction and has increased dividend payments for each
of the last 43 years.

The Board of Directors approved an overall $31.3 million Capital Spending Plan
for 2013. The Board approved $26.5 million for The Connecticut Water Company,
the regulated utility subsidiary that serves about 90,000 customers, or about
300,000 people, in Connecticut. The Board approved $4.8 million for The Maine
Water Company, the regulated water utility subsidiary that serves about 16,000
customers, or about 48,000 people, in Maine.

According to Eric W. Thornburg, CTWS's President and CEO, the Capital Spending
Plan includes $15 million for pipeline replacement in Connecticut through the
WICA (Water Infrastructure and Conservation Adjustment) program. Mr. Thornburg
stated, "WICA increases our capacity to replace unreliable, undersized and
leaking pipes that have reached the end of their useful life, and enables our
operations to deliver a reliable supply of clean, safe water that contributes
to good health, fosters economic development, and enhances public fire
protection through the hydrants on our water systems." Mr. Thornburg further
stated, "Under the WICA program Connecticut Water has replaced more than 50
miles of pipe that had an average age of 73 years since 2007."

An infrastructure replacement mechanism similar to WICA is expected to be
available in the State of Maine by mid-2013. The Maine program will be called
the Temporary Surcharge for Infrastructure Replacement and Repair (TSIRR).

The $31.3 million in capital spending does not include capital investment that
will be made at the Biddeford and Saco Water Company (BSWC) in 2013 as a
result of CTWS's agreement announced in July to acquire BSWC. BSWC serves
15,500 customers, or a population of 50,000, in 4 communities. The transaction
was approved by the Maine Public Utility Commission on November 7, 2012, and
is expected to close in December 2012, pending approval of BSWC's

Connecticut Water's Board also declared a quarterly cash dividend of $0.20 per
share on Preferred A shares (CTWSO) payable on January 14, 2013, for
shareholders of record as of December 31, 2012, and a quarterly cash dividend
of $0.225 on Preferred 90 shares (CTWSP) on February 1, 2013, for shareholders
of record as of January 18, 2013.

The Company's Dividend Reinvestment Plan and Common Stock Purchase Plan (DRIP)
is available to registered shareholders, employees and residential customers
of Connecticut Water. Additional information about the DRIP and the plan
prospectus are available online at the Company's Web site,, or
upon request.

The Connecticut Water Service, Inc. logo is available at

Forward Looking Statements

This news release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 about
Connecticut Water's proposed acquisition of the Biddeford and Saco Water
Company. These statements include statements regarding the anticipated closing
date of the transaction and anticipated future results. Forward-looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts. They often include words like "believe,"
"expect," "anticipate," "estimate," and "intend" or future or conditional
verbs such as "will," "would," "should," "could" or "may." Certain factors
that could cause actual results to differ materially from expected results
include delays in completing the merger, difficulties in achieving anticipated
benefits or cost savings from the merger or in achieving such anticipated
benefits or cost savings within the expected time frame, difficulties in
integrating Biddeford and Saco Water into Connecticut Water, increased
competitive pressures, changes in general economic conditions, legislative and
regulatory changes that adversely affect the business in which the Company and
Biddeford and Saco Water are engaged, changes in the securities markets and
other risks and uncertainties disclosed from time to time in documents that
Connecticut Water files with the Securities and Exchange Commission ("SEC").
We undertake no obligation to update or revise forward-looking statements,
whether as a result of new information, future events, or otherwise.

Additional Information About the Merger and Where to Find It

In connection with the pending acquisition of BSWC, CTWS has filed a
registration statement on Form S-4 with the SEC under the Securities Act of
1933 (File No. 333-183708), containing a joint proxy statement of BSWC that
also constitutes a prospectus of CTWS (the "Joint Proxy Statement/Prospectus")
and other documents regarding the proposed transaction.

Before making any voting or investment decisions, we urge investors and
security holders to read the Joint Proxy Statement/Prospectus (including all
amendments and supplements thereto) and other documents filed with the SEC
carefully and in their entirety when they become available, because they will
contain important information about CTWS, BSWC and the proposed merger.

When available, copies of the Joint Proxy Statement/Prospectus will be mailed
to BSWC's shareholders. Copies of the Joint Proxy Statement/Prospectus may be
obtained free of charge at the SEC's web site at, or by directing
a request to CTWS's Corporate Secretary, Kristen A. Johnson, at Connecticut
Water Service, Inc., 93 West Main Street, Clinton, Connecticut 06413, or by
telephone at 1-800-428-3985, ext. 3056, or on our website at
Copies of other documents filed by CTWS with the SEC may also be obtained free
of charge at the SEC's web site or by directing a request to CTWS at the
address provided above.

CTWS and BSWC and certain of their directors and executive officers may be
deemed to be participants in the solicitation of proxies in connection with
the approval of the proposed merger. Information regarding the directors and
executive officers of CTWS and BSWC, and their respective interests in CTWS or
BSWC, respectively, by security holdings or otherwise is available in the
Joint Proxy Statement/Prospectus.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such jurisdiction. No offer or sale of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the Securities
Act of 1933.

CONTACT: News media contact:
         Daniel J. Meaney, APR
         Director of Corporate Communications
         Connecticut Water Service, Inc.
         93 West Main Street, Clinton, CT 06413-1600
         (860) 669 8630 Ext. 3016

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