APPOINTMENTS BY THE MAYOR
APRIL 12, 2022
Cultural Connections Committee
Deepa Mangalat (reappointment)
18 Wild Rose Drive
Nashua, NH 03063
Term to Expire: February 28, 2025
| respectfully request that these appointments be confirmed.
Jim Donchess, Mayor
17.
On November 9, 2021, the NHPUC issued Order No. 26,544 approving an overall permanent
rate increase of 5.45%, which became effective with services rendered back to December 17,
2020. In addition, the Order approved the requested modifications to its ratemaking structure.
Qualified Capital Project Adjustment Charge
Pennichuck Water
On February 19, 2020, Pennichuck Water filed a petition with the NHPUC for a 3.83% QCPAC
surcharge on all capital improvements completed and placed in service by Pennichuck Water
in 2019.
The request for the overall permanent rate increase, as filed was based upon increased PAC
operating expenses since the last allowed rate increase in 2014 (for the 2012 test year), and
to provide sufficient revenues to pay for investments made in its treatment systems to ensure
its continued compliance with the Safe Drinking Water Act.
16.
(continued)
(in thousands} 2021 2020
Total Long-Term Debt (less current portion
and unamortized debt insurance costs):
Pennichuck Water S 105,875 5 103,019
Pennichuck East 24,124 21,023
Pittsfield Aqueduct 132 136
Subtotal Regulated Segment 130,131 124,178
Service Corporation : -
Other 96,932 99,627
Tota] Long-Term Debt $ 227,063 $ 223,805
Rate Cases
Pennichuck Water
15. Segment Reporting
For the years ended December 31, 2021 and 2020, and as of those dates, the following
financial results were generated by the segments of the Company:
(in thousands}
Operating Revenues:
Pennichuck Water
Pennichuck East
Pittsfield Aqueduct
Subtotal Regulated Segment
Service Corporation
Other
Total Operating Revenues
Rate Stabilization Fund — Restricted Cash
14.
Transaction with the City of Nashua
