Regulated Acquisitions and Growth Outlook

State Legislation & Regulation Enable Growth Fair Value 11 Consolidated Tariffs 11 Forward Looking Test Year 9 AMERICAN WATER Infrastructure Mechanisms 10 10 CA G ≤ = ≥ ≥ MO CA MO NJ ΙΑ NJ J = CA KY HI PA PA IL PA IA TN VA IN VA IL WANN IN VA ≤ = ≥ ≥ IA _NJ PA TN KY VA KY WV KY WV IN MO WV MD MD Water Quality Accountability Legislation 3 IN, MO, NJ 26

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