Investor Presentaiton

Acquisitions Under Agreement March 31, 2023 NUMBER STATE WATER CUSTOMER CONNECTIONS OF SYSTEMS AMERICAN WATER WASTEWATER CUSTOMER CONNECTIONS TOTAL CUSTOMER CONNECTIONS Pennsylvania 6 100 27,900 28,000 Missouri 4 1,000 900 1,900 Illinois 3 1,500 1,200 2,700 New Jersey 3 1,600 5,200 6,800 Virginia 3 1,600 1,400 3,000 California 3 1,300 1,300 Iowa 2 100 100 200 West Virginia 2 3,700 500 Indiana 1 100 4,200 100 Total 27 27 10,900 37,300 48,200 33 Case No. 2022-00432 Bluegrass Water's Response to PSC 3-25 Exhibit PSC 3-25(b) - Part 1 of 2 Page 33 of 39

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