Regulated Acquisitions and Growth Outlook
Strong Outlook for Acquisitions
Closed
As of September 30, 2023
~7,900 Customer Connections
14 Acquisitions in 6 States, $36M
Under Agreement
As of September 30, 2023
~88,100 Customer Connections
32 Acquisitions in 10 States, $611M
PA
MO
IL
6
3
WV
IN
IL
NJ
CA
VA
1
Closed two
VA
acquisitions
PA
1
MO
IN
1
+
in early Oct.;
ΙΑ
$34M, 8K
connections
NJ
1
(WV, NJ)
MD
222
3333
12
000
AMERICAN WATER
Butler Area Sewer Authority, PA
Wastewater
Amended $230 million purchase price
~14,700 equivalent customer connections
Expected to close by the end of 2023,
pending regulatory approval.
Granite City, IL
Wastewater
Amended $86 million purchase price
~26,000 equivalent customer connections
Expected to close around year-end 2023,
pending regulatory approval.
~1.3 Million Customer Connections in Pipeline
Sign Purchase Agreement
Receive Appraisals and
Pursue Regulatory
Approvals
Close Transaction, with
Customers Billed at their
Historical or Modified Rates
Regulated Acquisitions: Typical Fair Market Value Process
Upon Next Rate Case, Move
Customers onto Applicable
AW Utility Rates
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