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.
