I also want to recognize Colleen and Marc Lucca for their leadership and partnership with American Water
through the integration planning that has taken place over the past year.
It’s clear to me how much this team has accomplished and the strong
culture that’s been built here.
While there will be time to get to know each other over the coming months, I wanted to briefly introduce myself. As
Colleen mentioned, I’ve been with American Water since 2019 and currently serve as the President of Iowa American Water.
The most important message
I want to leave you with today is there are no immediate changes. Until the merger closes, your current reporting relationships, responsibilities, and leadership remain in place.
We are separate companies until the close of the merger, both focusing on serving our customers, supporting you as employees, and operating safely and
reliably every day.
Looking ahead, I’m incredibly optimistic about what we can accomplish together across the state as we bring together nearly
1800 employees across our combined operations.
As we plan for the future of combining our American Water and Aqua operations in Pennsylvania, I’m
excited to build on your deep community connections.
My goal over the coming months is to listen, learn, and meet as many of you as possible, and when
the time comes, I look forward to working alongside all of you.
Thank you, and please, stay safe.
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
