“People at American Water, and I know it’s the same at Essential, feel an extraordinary amount
of commitment to the mission in the work we do every day,” Griffith said.
Read more about our shared vision for the future of water and wastewater
services: [Clickable Link to Philadelphia Inquirer Changemaker Spotlight]
LinkedIn Post from John Griffith (President and Chief Executive Officer of
American Water)
I recently joined @Chris Franklin, CEO of Essential Utilities, for a conversation with @The Philadelphia Inquirer about the proposed
merger between @American Water and @Essential Utilities, and the opportunity ahead for our customers, communities and employees.
As water and wastewater
infrastructure challenges continue to grow, long-term investment and operational expertise matter more than ever. Together, we believe we can continue to strengthen infrastructure, enhance reliability and support affordability while delivering the
high-quality service our customers depend on every day.
I appreciated the opportunity to discuss the future of water and wastewater infrastructure, the
importance of community investment and the dedicated people behind this vital work.
Read the article here: [Clickable Link to Philadelphia Inquirer
Changemaker Spotlight]
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this communication are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In some cases, these forward-looking statements can be identified by words with prospective meanings such as
“intend,” “plan,” “estimate,” “believe,” “anticipate,” “expect,” “predict,” “project,” “propose,” “assume,”
“forecast,” “outlook,” “future,” “likely,” “pending,” “goal,” “objective,” “potential,” “continue,” “seek to,” “may,”
“can,” “will,” “should” and “could,” or the negative of such terms or other variations or similar expressions. Forward-looking statements may relate to, among other things: statements about the
benefits of the proposed merger, including future financial and operating results; the parties’ respective plans, objectives, expectations and intentions; the expected timing and likelihood of completion of the merger and related transactions;
the results of any strategic review; expected synergies of the proposed merger; the timing and result of various regulatory proceedings related to the proposed merger, and other general rate cases, filings for infrastructure surcharges and other
governmental agency authorizations and proceedings, and filings to address regulatory lag; the combined company’s ability to execute its current and long-term business, operational, capital expenditures and growth plans and strategies; the
amount, allocation and timing of projected capital expenditures and related funding requirements; the future impacts of increased or increasing transaction and financing costs associated with the proposed merger or otherwise, as well as inflation
and interest rates; each party’s ability to finance current and projected operations, capital expenditure needs and growth initiatives by accessing the debt and equity capital markets and sources of short-term liquidity; impacts of the
proposed merger on the future settlement or settlements of a party’s forward sale agreements, including potential adjustments to the forward sale price or other economic terms thereunder, and the amount of and the intended use of net proceeds
from any such future settlement or settlements; the outcome and impact on other governmental and regulatory investigations; the filing of class action lawsuits and other litigation and legal proceedings related to the proposed merger; the ability to
complete, and the timing and efficacy of, the design, development, implementation and improvement of technology and other strategic initiatives; each party’s ability to comply with new and changing environmental regulations; regulatory,
legislative, tax policy or legal developments; and impacts that future significant tax legislation may have on each such party and on its business, results of operations, cash flows and liquidity.