How American Water Grows Earnings

AMERICAN WATER Regulated The Latest News AW environmental leadership strengthened by nation wide interest in PFOS/PFOAS and Emerging Contaminants • Enabling Legislation helps Business Development efforts Large rate cases resolved; weighted average authorized ROE remains at 9.8% • Market-Based HOS increased Partnerships • MSG - 7 RFPs outstanding; expect US government to award 3 bases by year end Parent • S&P company rating: A* Moody's company rating: Baa1* Issued $1.1 billion of notes in May 2019 o $550m 10 yr. @ 3.45% o $550m 30 yr. @ 4.15% * Neither of these ratings is a recommendation to buy, sell or hold securities. Each rating may be subject to revision or withdrawal at anytime, and should be evaluated independently of any other rating. 7

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