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Bedford. This project was initiated in 2018, and was completed during 2019, bringing water to
approximately 90 new customers in that community.
The Company was once again asked by the NHDES to design a further buildout for SGPP in
Litchfield to bring public water to an additional 30 residences in Litchfield, due to this
contamination site. SGPP entered into another contract with the Company for the expansion of
the Company’s water system in that area, construction of which was completed between 2019
and early 2020, and was fully paid for by SGPP, and included in CIAC assets at such time as that
project was completed.
As of March 20, 2018, SGPP and NHDES entered into a Consent Decree. Under the Consent
Decree, SGPP needed to fulfill their obligations by November 2019 on all of these identified
activities, and/or request an extension of time to fulfill their obligations, due to circumstances
outside of their control, including the availability of qualified contractors to complete the
buildout of the public water system in the impacted areas.
A similar effort on behalf of'Textiles Coated International, Inc. (“TCI”) in the town of Amherst,
due to PFOA contamination related to their previous existence as a manufacturer in that town,
was also undertaken at the request of the NHDES. The Company was contracted to do design
services for the expansion of the public water system in that area of Amherst, by TCI, and
construction of the expansion of that part of the system began in 2017, and was fully completed
in 2018. Once again, the entire cost of this project was borne by TCI, and has become part of the
Company's owned infrastructure as CIAC assets.
The Company continues to work with the NHDES as it relates to PFAS issues that are continuing
and expanding in southern NH. This includes situations that have evolved in municipal systems
immediately adjacent to the Company’s service areas, in the communities of Hudson and
Merrimack, as well as communities for which the Company owns the public water franchise,
such as Londonderry. The overall impact and build-out of the public water distribution system,
how that will be constructed, who will ultimately own or supply water into those systems, and
the overall cost and timing for those systems to be designed, bid and built, is yet to be
determined.
Company Geals - 2022
The Company’s main goals for 2022 were/are as follows:
© Complete Pennichuck East Utility Rate Case for test year 2019, with new permanent rates
expected late Q2 2022 (Order received in Q1 2022)
@ File annual Pennichuck Water Works and Pennichuck East Utility QCPAC cases (filed in
February 2022)
e File Pennichuck Water Works rate case (2021 test year)
® Complete Bond issuance reimbursement financing in April for Pennichuck Water Works
2021 Capex
® Complete CoBank term loan financing in Q2/Q3 for Pennichuck East Utility 2021 Capex
reimbursement/refinance
© Seek additional funding sources (loans or grants) from NH DWGTF, SRF, or other, for
planned capital projects
