Agenda

Jim Donchess
Mayor e City of Nashua

To: Board of Aldermen

From: Mayor Jim Donchess

Date: March 31, 2021

Re: Multi-Year Contract Award — Backup Internet Line

Pursuant to NRO: § 5-74/B: A contract that extends from the current fiscal year into succeeding
fiscal year(s) in which no funds have been appropriated nor otherwise designated for this purpose
shail be approved by the full Board of Aldermen before the contract shall become binding on the
City.

18.

Subsequent Events

The Company has evaluated the events and transactions that have occurred through
March 23, 2021, the date that these consolidated financial statements were available for
issuance.

51

17.

e inclusion of actual NHBET cash payments in its revenue requirement calculation; and

e the establishment of a revenue requirement structure, and the mechanics and
methodology for its approval, resetting and funding, inclusive of the RSFs and allowed
revenue “buckets” shown above, which is the same as approved for Pennichuck Water
by NHPUC Order Nos. 26,070, and 26,383

Qualified Capital Project Adjustment Charge

e recovery of State Revolving Loan Fund and Drinking Water Groundwater Trust Fund
debt issuance costs; and

e re-establishment of imprest levels of the components of the RSF account and the
retention of a previously approved reconciliation mechanism.

Pittsfield Aqueduct

e reallocating the value of components of the aggregate RSF; and

e changing the treatment of debt issuance costs for long-term debt, other than tax
exempt and taxable bond issuances.

16.

(continued)

(in thousands) 2020 2019
Total Long-Term Debt (including current portion

and unamortized debt insurance costs):

Pennichuck Water $ 105,447. § 94,323
Pennichuck East 22,067 19,842
Pittsfield Aqueduct 140 143
Subtotal Regulated Segment 127,654 114,308
Service Corporation - -
Other 102,169 104,570
Total Long-Term Debt $ 229,823 §$ 218,878
Rate Cases
Pennichuck Water

(continued)

(in thousands)
Income Taxes Provision (Benefit):

Pennichuck Water
Pennichuck East
Pittsfield Aqueduct
Subtotal Regulated Segment
Service Corporation
Other
Total Income Taxes Provision (Benefit)

Net Income (Loss):

Pennichuck Water
Pennichuck East
Pittsfield Aqueduct
Subtotal Regulated Segment
Service Corporation
Other
Total Net Income (Loss)

Total Net Assets:

15. Segment Reporting

For the years ended December 31, 2020 and 2019, and as of those dates, the following
financial results were generated by the segments of the Company:

Municipal Acquisition Regulatory Asset (“MARA”)

Transactions with Related Party — City of Nashua