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case of the service lines) going forward. Additionally, the Company has been asked by NHDES
to contract for similar design services with SGPP for expansion of its public water system in
southern Bedford as weii as an additional 38 residences in Litchfield, due to this contamination
Site.
A similar effort on behalf of Textiles Coated International, Inc. (“TCT”) in the town of Amherst,
due to PFOA contamination related to their previous existence as a manufacturer in that town,
has also begun at the request of the NHDES, with the initial design phase yet io begin as of
March 2017.
Company Goals — 2017
The Company’s main goals for 2017 are as follows:
¢ Completion of the Pennichuck Water Works, Inc. rate case with the New Hampshire
Public Utilities Commission
° Filing of rate cases for the Company’s Pennichuck East Utility, Inc. and Pittsfield
Aqueduct Company, Inc. subsidiaries
° Successfully negotiate a new collective bargaining agreement in the fourth quarter, to
replace the current contract which expires on October 31, 2017
* Continue the roll-out and implementation of the Company’s comprehensive Asset
Management System
° Complete a round of bond financing for Pennichuck Water Works, Inc. for 2017-2019
capital expenditure needs
° Secure other financing needs for ongoing infrastructure replacement for Pennichuck
Fast Utility, Inc. and Pittsfield Aqueduct Company, Inc.
¢ Completion of a Safe Yield Analysis of the watershed
° Complete the build-out of the expansion of the distribution system in response to the
PFOA contamination issues, all funded by the identified Potential Responsible Parties
(PRP) in cooperation with the New Hampshire Department of Environmental Services.
Other detailed information is included in the Company’s financial statements.
“pad
Larry D. Goodhue
Chief Executive Officer,
Chief Financial Officer
and Treasurer
