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ADOPTED FY REQUESTED TOTAL FUNDING
PROJECT 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 REQUESTED SOURCE
Communications
Public Safety Portable Radio
Replacement $3,500,000.00 $3,500,000.00|Bond
Communications Total $0.00] $3,500,000.00 $3,500,000.00
Parks and Recreation Department
City Wide Park & Playground
Improvements $200,000.00 $200,000.00
Water Park Developmnt $300,000.00 $300,000.00 | Budget
Budget & Trust
Holman Stadum Improvements $155,000.00 $145,000.00 $300,000.00| Funds
Greeley Park Improvements $5,000.00 $260,000.00 $240,000.00 $500,000.00| Budget
Labine Park at Fairgrounds $125,000.00 $60,000.00 $25,000.00 $210,000.00| Budget
Pool Repairs & Upgrades $65,000.00 $65,000.00 | Budget
Jeff Morin Fields at Roby Park Ice
Rink Roof $40,000.00 $40,000.00 $210,000.00 $250,000.00|Budget/ Grant
City Wide Ball Field Improvements $100,000.00 $100,000.00 $100,000.00 $300,000.00| Budget
Court Improvements - Parks &
Recreation $200,000.00 $200,000.00| Budget
Mine Falls Park Turf Field $770,000.00 $200,000.00 $970,000.00|Bond
Portable Ice Chiller $180,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $195,000.00] Capital
Parks and Recreation Department
= $45,000.00] _ $2,395,000.00 $958,000.00 $128,000.00 $3,000.00 $3,000.00 $3,000.00 $3,490,000,.00
Engineering Department
Annual Street Paving Program $7,500,000.00 $7,500,000.00 $7,500,000.00 $7,500,000.00 $7,500,000.00 $7,500,000.00 $45,000,000.00|Bond
West Hollis Street Corridor
Improvements $95,000.00 $250,000.00 $250,000.00 $595,000.00| Budget-Capital
Shelly Dr. and Browning Ave.
Culverts $321,000.00 $321,000.00 | Budget-Capital
Wethersfield Intersection Drainage
Improvements $315,000.00 $315,000.00|Budget-Capital
Annual Drainage Improvements $75,000.00 $77,250.00 $79,568.00 $81,955.00 $84,414.00 $86,946.00 $485,133.00|Budget-Capital
Annual Roadside Safety
Improvements $50,000.00 $51,500.00 $53,045.00 $54,636.00 $56,275.00 $57,963.00 $323,419.00| Budget-Capital
Sidewalk and ADA Improvements $225,000.00 $231,750.00 $238,703.00 $245,864.00 $253,240.00 $260,837.00 $1,455,394.00 | Budget-Capital
Traffic Signal Upgrades $50,000.00 $51,500.00 $53,045.00 $54,636.00 $56,275.00 $57,963.00 $323,419.00|Budget-Capital
Lake St & Lund Rd & Main
Dunstable Rd Intersection
Improvements $50,000.00 $300,000.00 $350,000.00| Budget-Capital
Ledge St at Nashua Canal Sidewalk
& Guardrail $75,000.00 $250,000.00 $325,000.00| Budget-Capital
Vehicular & Pedestrian Bridge
Rehab Program $100,000.00 $100,000.00 $103,000.00 $106,090.00 $109,273.00 $112,551.00 $630,914,00| Budget-Capital
Taylor Falls & Veternas Bridges
Deck Rehabilitation $550,000.00 $550,000.00 $250,000.00 $1,350,000.00 | Budget-Capital

ADOPTED FY REQUESTED TOTAL FUNDING
PROJECT 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 REQUESTED SOURCE
Traffic Signal at Intersection of
Amherst St & Sargent Ave $250,000.00 $250,000.00| Budget-Capital
EDC-5 Safe Transpotation for Every
Pedestrian Implementation $113,000.00 $113,000.00 | Budget-Capital
Stellos & Holman Stadiums-Parking
Lot Paving $200,000.00 $275,000.00 $475,000.00] Budget-Capital
Daniel Webster Highway
Connectivity $17,925.00 $7,609.00 $89,644.00 $115,178.00|Budget-Capital
Safe Routes to Schools at Charlotte
Ave Elementary $75,000.00
Engineering Department ue $75,000.00 $8,833,000.00 $9,329,925.00 $9,667,361.00 $8,371,790.00 $8,059,477.00 $8,165,904.00 $52,427,457.00
Street Department
Infrastructure Improvements
Citywide $155,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $3,000,000.00) Budget
Stadium Drive Heating System
Upgrade $2,000,000,00 $2,000,000.00|Budget
Overhead Door Replacements $169,000.00 $169,000.00 | Budget
Replacing Mechanic Servce Pits &
Purchase Portable Lifts $200,000.00 $200,000.00|Budet
Roof Replacement - Street Budget or
Department, Stadium Drive $1,320,000.00 $1,320,000.00/Bond
Truck Wash Bay Construction $1,080,000.00 $1,080,000.00
Traffic Communication & Detection
Upgrades $145,000.00 $145,000.00
Street Department Total $155,000.00] — $5,414,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $7,914,000,00
School Department
Deferred Maintenance $1,010,000.00 $1,765,000.00 $1,83 1,000.00 $1,720,000.00 $1,292,000.00 $3,285,000.00 $10,903,000,00
Main Dunstable Elementary School
Renovation $200,000.00 $10,000,316.00 $10,200,3 16.00
Birch Hill Elementary School
Renovation $200,000.00} —$10,262,982.00 $10,462,982.00
Mt. Pleasant Elementary School
Renovation $200,000.00 $17,349,066.00 $17,549,066.00
New Searles Elementary School
Renovation $200,000.00 $11,800,000.00 $12,000,000.00
Stellos Stadium Renovation $950,000.00 $950,000.00
Districtwide Security Improvements $6,000,000.00 $6,000,000.00
NHS North Pavement Replacement $2,000,000.00 $2,000,000.00
NHS South Pavement Replacement $2,000,000.00 $2,000,000.00
School Department Total $0.00] $1,010,000.00] _ $8,915,000.00] $14,031,316.00] _ $12,182,982.00] _ $20,841,066.00] _ $15,085,000.00] _ $72,065,364.00
Information Technology
Department
$0.00
Information Technology Total $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

ADOPTED FY REQUESTED TOTAL FUNDING
PROJECT 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 REQUESTED SOURCE
Economic Development
East Hollis St & Bridge St
Intersection Improvements $183,050.00 $183,050.00} Budget-Capital
Economic Development Total $183,050.00 $183,050.00
Solid Waste Enterprise Fund
Projects
Landfill Gas Expansion/Phase III $450,000.00 $4,000,000.00 $4,450,000.00 | Budget-Capital
Phase IV Landfill Permitting
Completion $300,000.00 $300,000.00 | Budget-Capital
Recycling Area Upgrades $200,000.00 $200,000.00| Budget-Capital
Solid Waste Enterprise Total $0.00 $950,000.00] — $4,000,000.00 $0.00 $4,950,000.00
Wastewater Department
Gate Replacement $200,000.00 $150,000.00 $350,000.00| WERF
Lime Silo Removal $75,000.00 $75,000.00 | Enterprise
Phosphorous Removal $1,000,000.00 $1,000,000.00
Bond or SRF
Siphons Rehabilitation $450,000.00 $450,000.00|Loan
Enterprise
Infiltration and Inflow $100,000.00 $100,000.00 $100,000.00 $100,000.00 $400,000.00 | Fund
Enterprise/Bon
Annual Stormwater Management $390,653.00 $402,373.00 $414,444.00 $426,877.00 $439,684.00 $452,875.00 $2,526,906.00/d or SRF loan
Capacity Management O&M Enterprise/Bon
Implementation (CMOM) $2,600,000.00 $2,600,000.00/d or SRF loan
Enterprise/Bon
CSO Flooding $1,000,000.00 $1,030,000.00 $1,060,900.00 $1,092,727.00 $1,125,509.00 $1,159,274.00 $6,468,410.00/d or SRF loan
Enterprise/Bon
Consent Decree Operational $136,811.00 $140,915.00 $145,143.00 $149,497,00 $153,982.00 $158,601.00 $884,949,00|d or SRF loan
Annual Sewer Infrastructure
Improvements Programs $5,677,875 .00 $5,961,769.00 $6,259,857.00 $6,572,850.00 $6,901,493.00 $7,246,568,00 $38,620,412.00] Bond
Sewer Structure Replacement Enterprise/Bon
Program $530,450.00 $546,364.00 $562,754.00 $579,637.00 $597,026.00 $614,937.00 $3,431,168.00]d/SRF loan
Merrimack River Levee Enterprise/Bon
Rehabilitation $77,250.00 $79,568.00 $81,955.00 $84,413.00 $86,946.00 $89,554.00 $499,686.00|d or SRF loan
Wastewater Department Toral $0.00] $12,138,039.00] $8,310,989.00] — $8,625,053.00] $9,006,001.00 $9,404,640.00 $9,821,809.00] $57,306,531.00
SUMMARY SHEET
SUMMARY/FEDERAL SHARE
Airport Authority 90%
Federal/NHDOT $3,790,000.00] — $5,679,000.00 $450,000.00 $500,000.00 $3,600,000.00 $300,000.00] — $14,319,000.00
Community development 80%
Federal $82,334.00 $716,845.00 $799,069.00
FEDERAL SHARE SUB-TOTAL $3,872,334.00 $6,395,845.00 $450,000.00 $500,000.00 $3,600,000.00 $300,000.00 $15,118,069,00

ADOPTED FY REQUESTED TOTAL FUNDING
PROJECT 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 REQUESTED SOURCE
SUMMARY/CITY SHARE
Airport Authority $210,556.00 $194,444.00 $222,500.00 $27,778.00 $200,000.00 $16,667.00 $17,500.00 $678,889.00
Community Development Division $300,000.00 $1,710,358.00 $0.00 $1,710,358.00
Fire Rescue Department $40,000.00 $757,000.00 $470,000.00 $0.00 $0.00 $0.00 $0.00 $1,227,000.00
Nashua Library $0.00 $1,640,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,640,000.00
Police Department $0.00) $12,787,159.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12,787,159.00
Financial Services/Risk Management| $1,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Communications $0.00 $3,500,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3,500,000.00
Parks and Recreation Department $45,000.00 $2,395,000.00 $958,000.00 $128,000.00 $3,000.00 $3,000.00 $3,000.00 $3,490,000.00
Engineering Department $75,000.00] $8,833,000,00] _ $9,329,925.00| __$9,667,361.00| _ $8,371,790.00| _ $8,059,477.00| _ $8,165,904.00| _ $52,427,457.00
Street Department $155,000.00 $5,414,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $7,914,000.00
School Department $0.00 $1,010,000.00 $8,915,000.00 $14,031,316.00 $12,182,982.00 $20,841,066.00 $15,085,000.00 $72,065,364.00
Information Technology $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Economic Development $183,050.00 $0.00 $0.00 $0.00 $0.00 $0.00 $183,050.00
CITY SHARE ——— $1,825,556.00 $38,424.011.00 $20,395,425.00 24,354,455.00 $21,257,772.00 $29,420,210.00 $23,771,404.00 $157,623,277.00
SUMMARY / ENTERPRISE
FUND
Solid Waste Enterprise Fund Projects $0.00 $950,000.00 $4,000,000.00 $0.00 $0.00 $0.00 $0.00 $4,950,000.00
Wastewater Enterprise Fund Projects $0.00) $12,138,039.00 $8,3 10,989.00 $8,625,053.00 $9,006,001.00 $9,404,640.00 $9,821,809.00 $57,306,531.00
ENTERPRISE FUND SUB-
$13,088,039.00 $12,310,989.00 — $8,625,053.00 — $9,006,001.00 — $9,404,640.00 —-$9,821,809.00 — $62,256,531.00

GRAND TOTAL
CAPITAL IMPROVEMENT
PROJECTS

$1,825,556.00

$51,512,050.00

32,706,414.00

$32,979,508.00

$30,263,773.00

$38,824,850.00

33,593,213.00

$219,879,808.00

City of Nashua Sonning eng Zea

. see Building Safet
Community Development Division Code Enforcement
City Hall, 229 Main Street, PO Box 2019 Can Progress
Nashua, New Hampshire 03061-2019 Tanperaion en
www.nashuanh.gov FAX

589-3095
589-3090
589-3080
589-3100
589-3085
589-3105
880-0100
589-3119

Date: May 4", 2021

To: Board of Aidermen
Jim Donchess, Mayor

From: Matt Sullivan, Planning Department Manager (on behalf of Conservation Commission)
Re: Authorization request for $24,500 from the Board of Aldermen from the Conservation Fund

(#4080) to define and improve the Salmon Brook Trail section between Ingalls Street and Burke
Street within the Joyce Park Wildlife Sanctuary.

On behalf of the City’s Conservation Commission, the Planning Department submits the following request
to the Board of Aldermen for a $24,500.00 authorization for the purposes of funding a construction contract
with Student Conservation Association (SCA), purchase of materials, and equipment rental, as needed. The
SCA contract amount is $21,000.00, with $3,500.00 estimated for supplies and equipment rental including,
but not limited to: pressure treated lumber, rebar, screws, soil, and portable toilet rental. The funding source
for this request is the Conservation Fund.

At the December 1*, 2020 Conservation Commission meeting, the Commission unanimously voted to make
a $21,000.00 appropriation request to the Board of Aldermen to build trails and reconstruct the stairway.
On May 4", 2021 Conservation Commission meeting, the Commission voted to request a $3,500.00
appropriation request to the Board of Aldermen for project supplies.

The focus of this project is defining and improving the Salmon Brook Trail section between Ingalls Street
and Burke Street, located in the Joyce Park and Wildlife Sanctuary. In addition to the reconstruction of the
trail tread and corridor, work scope will include the replacement of the railroad tie staircase off of Ingails
Street. The general route of the new trail will be within the existing corridor and will be, in some locations,
moved a few feet to the highest point and/or the most sustainable grade. The existing trail tread will be
utilized as much as possible but new trail will be designed with a treadway width of 24”; targeted maximum
grade of 10 %; and target cross slope of 3-5%, Areas that are not incorporated into the new route will be
closed and naturalized to prevent use, manage water flow, arrest erosion, and promote vegetation.

The project is proposed to be completed between late-June and mid-July of 2021 in two (2) independent
11-day ‘hitch’ periods. Independent of this requested authorization, but related, is scheduled poison ivy
spraying that will enhance trail user experience. Recently, the Conservation Commission and neighborhood
held a clean-up day of the trail in hopeful advance of this project’s approval.

If authorized, the Planning Department will work cooperatively with the Conservation Commission to
commence the work as soon as possible.

Thank you for your consideration of this request and 1 look forward to being available to answer any
questions that the Aldermen may have.

Ce:
Sherry Dutzy, Chair, Nashua Conservation Commission

1 AGMT City of Nashua

AGREEMENT BETWEEN
THE STUDENT CONSERVATION ASSOCIATION, INC.
AND
CITY OF NASHUA, NEW HAMPSHIRE

This Scope of Service Agreement is made and entered into by and between The Student
Conservation Association, Inc., a nonprofit New York corporation, with its principal place of
business at 4601 North Fairfax Drive, Suite 900 Arlington, VA 22203 (“SCA”), and the City of
Nashua, New Hampshire with its principal place of business at 229 Main Street, Nashua, NH
03060. 2

1. BACKGROUND

serve in environmental conservation projects as
program. The SCA’s residential New Hampshire
services statewide to partner Agencies.

imbers of: the SCA conservation corps
m provides conservation crew

Nashua is a city located in southern New Hampshire. The city has authority to enter into
this agreement to accomplish the purposes of its mission. Throughout this agreement,
the city will be referred to as “the Project Partner.”

2. PARTY RESPONSIBILITIES

hitch day off);

b. To manage the crew and to implement the project activities as described in this
section 2;

c. The project is the defining and improving of the Salmon Brook Trail section
between Ingalls Street and Burke Street located in the Joyce Park and Wildlife
Sanctuary. In addition to trail tread and corridor, work is the replacement of
the railroad tie staircase off Ingalls Street.

Pennichuck Corporation — Quarterly Report (Quarter Ended September 30, 2020)

Notes to Balance Sheet

Note 1 (Restricted Cash) — At September 30, 2020, the balance of $10.3 million represents an
increase of $8.3 million from the end of 2019, mainly due to (1) the cash generated from the
increased revenue levels year-over-year; and (2) the additional proceeds received from

Pennichuck Water’s September 2" bonding event as a one-time replenishment of the existing
MOERR Rate Stabilization Fund.

Note 2 (Accounts Receivable) — During the nine months of 2020, the balance in Accounts
Receivable increased approximately $2.2 million from the year-end total at December 31, 2019
of $5.6 million. This is mainly attributed to revenue increases generated by the regulated utilities
due to the increased consumption levels year-over-year, as previously discussed, and the fact that
September 30 represents the balance of accounts receivable at the end of the high summer
consumption months, whereas December 31 represents the balance of accounts receivables at the
end of a “base consumption” month.

Note 3 (Other Current Assets) — At September 30, 2020, the balance of $1.1 million represents a
decrease of $0.3 million from the end of 2019, mainly due to the expensing of prepaid property
taxes in the first quarter of 2020.

Note 4 (Lines of Credit) — At September 30, 2020, approximately $1.8 million of this balance
was comprised of the corporate Working Capital Line of Credit which is periodically drawn
upon in support of our operations. The remaining $3.4 million balance relates to Pennichuck
Water Works, Inc. and Pennichuck East Utility, Inc. Fixed Asset Lines of Credit (FALOC),
which are used to fund Construction Work in Progress on capital projects which will be
refinanced into long-term debt obligations or tax-exempt or taxable bond indebtedness annually.

Note 5 (Other Current Liabilities) — At September 30, 2020, approximately $2.7 million of this
balance is comprised of accounts payable which relates to activities that were performed in the
third quarter of 2020.

Note 6 (Accrued Pension Liability) — During the nine months of 2020, $1.2 million was
contributed into the Pension Plan, while approximately $583,000 in benefit payments were made
to participants and approximately $86,000 of investment income and appreciation was earned in
the plan.

Pennichuck Corporation — Quarterly Report (Quarter Ended September 30, 2020)

Unaudited Cash Flow Statement

Cash Flow on a GAAP basis for the third quarter of 2020 as compared to the third quarter of
2019, and the year-to-date 2020 versus 2019, are as follows:

(000’s)
Quarter Ended Year-to-Date
September 30, September 30, September 30, September 30,
2020 2019 2020 2019
Operating Activities:
Net Income (Loss) $ _ 4.058 $ 823 $ 593 $ (3.327)
Adjustments to Reconcile Net Income (Loss)
to Net Cash Provided by Operating Activities:
Depreciation and Amortization 2,138 2,105 6,414 6,299
Provision for Deferred Taxes (1,019) 444 (256) 274
Other (8) (227) (25) (269)
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivable (709) 72 (2,190) (554)
(Increase) Decrease in Inventory 26 8 22 19
(Increase) Decrease in Other Assets 863 1,201 1,245 820
Increase (Decrease) in Accounts Payable 1,195 2,197 (837) 1,571
Increase (Decrease) in Other Liabilities 374 653 (1.655) (598)
Net Cash Provided by (Used in) Operating Activities 6,918 7,276 3.311 4.235

Investing Activities:

Purchases of Property, Plant & Equipment,
including the Debt Component of AFUDC (2,920) (6,746) (5,746) (9,340)

Proceeds from Sale of Property, Plant & Equipment 198 221
(Increase) Decrease in Restricted Cash - - - -
Sale of Investment Securities - - - -
Change in Deferred Land Costs - 109 - 80
Net Cash Provided by (Used in) Investing Activities (2.920) (6,439) (5,746) (9,039)
Financing Activities:
Borrowings (Repayments) on Lines of Credit 582 (881) (4,021) (1,208)
Payments on Long-term Debt (71,641) (932) (76,524) (5,066)
Contributions in Aid of Construction 1 5 20 24
Proceeds from Long-term Borrowings 73,883 3,008 85,035 12,098
Debt Issuance Costs - 34 - 327
Dividends Paid (70) (70) (210) (210)
Net Cash Provided by (Used in) Financing Activities 2.755 1,164 4,300 5.965
Increase (Decrease) in Cash and Cash Equivalents 6,753 2,001 1,865 1,161
Cash and Cash Equivalents at Beginning of Period 5.386 7,500 10,274 8.340
Cash and Cash Equivalents at End of Period $ _ 12,139 $ _ 9,501 $ _ 12,139 $ _ 9,501

Financial information is available on the Company’s website (www.Pennichuck.com).

Pennichuck Corporation — Quarterly Report (Quarter Ended September 30, 2020)

Capital Expenditures

Capital Expenditures in the third quarter of 2020 were $5.2 million as compared to $6.9 million
in the third quarter of 2019. Capital Expenditures for the year-to-date were $5.8 million as
compared to $9.4 million in 2019,

Major expenditures in the nine months of 2020 included:

Locke Lake New Water Source $800,000
Peacham Road Pipeline — Locke Lake 576,000
Carbon Filter Media Changeout — 5 & 6 495,000
Merrimack River Intake 355,000
25 Walnut St. Office Building 350,000
North Barnstead Rd. Main Replacement — Locke Lake 244,000
Workorder System Replacement - CMMS 231,000
Financing

On April 23, 2020, the Company’s Pennichuck Water Works, Inc. subsidiary issued approximately
$7.5 million of tax-exempt and taxable bonds through the NH Business Finance Authority as
reimbursement for its 2019 capital improvements in Pennichuck Water Works’ water supply,
distribution and support systems. The bond issuance was approved by the Pennichuck Board of
Directors and the Sole Shareholder. This issuance had previously received NHPUC approval on
Order No. 26,101, dated February 2, 2018, which authorized up to $32.5 million in bonds via
multiple issuances for the years 2018-2021.

On May 6, 2020, the NHPUC issued Order No. 26,354 which permitted Pennichuck Water Works,
Inc. to borrow up to $2,563,662 from the federal Small Business Administration Paycheck
Protection Program. This loan includes a 2-year maturity at an interest rate of 1 percent, which
includes a provision in which a portion or all of the loan can be forgiven if all employees are kept
on the payroll for eight weeks upon disbursement of the loan proceeds. The loan proceeds were
disbursed by TD Bank, Inc., on behalf of the Small Business Administration on May 8, 2020.

On August 26, 2020, the Company’s Pennichuck Water Works, Inc. (PWW) subsidiary issued
approximately $73.6 million of taxable bonds through the NH Business Finance Authority to:
(1) advance refund and refinance PWW’s series 2014A, 2015A, and 2015B bonds, (2) early
retire an AULI bank loan set to mature on March 1, 2021 with a “bullet” maturity due at that
date, (3) complete the replenishment of the MOERR RSF for PWW back to its authorized
imprest value, and (4) to repay the Pennichuck Corporation Working Capital Line-of-Credit for
monies borrowed to bolster the MOERR RSF at PWW while awaiting rate relief from this
bonding event and the current PWW Rate Case. The bond issuance was approved by the
Pennichuck Board of Directors and the Sole Shareholder. This issuance had previously received
NHPUC approval on Order No. 26,383 dated July 24, 2020, which authorized up to

$75.0 million in bonds.

Pennichuck Corporation — Quarterly Report (Quarter Ended September 30, 2020)

Subsequent Events

Pennichuck Water Works, Inc.

On November 24, 2020, the NHPUC issued Order No. 26,425 approving an overall permanent rate
increase of 11.85%, becoming effective with services rendered back to April 14, 2020. The
permanent rate increase is inclusive of QCPAC surcharges of 4.06% previously approved by NHPUC
Order No. 26,298 on October 19, 2019 for 2018 capital expenditures, resulting in a net increase of
billed rates to customers over and above the QCPAC surcharge already in place, of 7.79%.

Pennichuck East Utility, Inc.

On November 24, 2020, Pennichuck East Utility, Inc. filed a request with the NHPUC for a rate
increase of 21.05% over its current rates for the test year 2019, effective December 24, 2020, for
which 15.0% of this increase is related to a request for a temporary rate increase effective for
services rendered on or after December 24, 2020. The 15.0% temporary rate increase would be
inclusive of a 2.98% QCPAC surcharge which was approved on December 6, 2019 in Order No.
26,313 and a 1.97% QCPAC surcharge which is currently pending in DW 20-019.

Pittsfield Aqueduct Company, Inc.

On November 16, 2020, Pittsfield Aqueduct Company, Inc. filed a request with the NHPUC for a
rate increase of 11.18% over its current rates for the test year 2019, effective December 17, 2020.
The overall rate increase is subject to the normal regulatory filing process with the NHPUC, as
followed for all prior rate case filings, and as such, the final permanent rate increase granted will
be effective retroactive back to the filing date, with final approval by the NHPUC in the Fall of
2021.