Essential Utilities CEO Chris Franklin Interviewed by Advisor Access
January 12 2021 - 9:30AM
Essential Utilities Inc. (NYSE: WTRG; formerly
Aqua America, Inc. [WTR]) is one of the largest publicly traded
water, wastewater, and natural gas providers in the U.S., serving
approximately five million people across 10 states under the Aqua
and Peoples brands. The company recognizes the importance water and
natural gas play in everyday life and is proud to deliver safe,
reliable services that contribute to a better quality of life in
the communities it serves.
- Delivered consecutive quarterly cash dividends for 75 years and
increased the dividend 30 times in the last 29 years
- Expects to invest approximately $3 billion through 2023 to
replace and expand water and wastewater utility infrastructure and
to replace and upgrade natural gas utility infrastructure, leading
to significant reductions in methane emissions
- Published a 2019 Environmental, Social and Governance (ESG)
report highlighting the company’s commitment to environmental
stewardship, sustainable business practices, employee safety,
diversity and inclusion, customer experience and community
engagement
Click HERE to view the Essential Utilities Investor
Presentations.Click HERE to view the Essential Utilities ESG
website.
Advisor Access spoke with Essential Utilities CEO Chris
Franklin.
Advisor Access: Let’s start with your
business model. Please describe the origins and traditional focus
of Essential Utilities.
Chris Franklin: Essential Utilities provides a
unique combination of experienced, regulated utility companies
offering essential services to customers and a unique investment
opportunity for investors. Our business model allows us to play an
important role in solving our nation’s water and natural gas
infrastructure challenges through thoughtful capital investment,
operational excellence, environmental stewardship, and a commitment
to strengthening local communities…
AA: Tell us about your motivations for
the acquisition of Peoples. Why did you decide to wander outside
your area of expertise (water)?
AA: Can you provide an update on
integration since closing the Peoples acquisition?
AA: You mentioned that the primary
driver of your growth strategy is municipal initiatives in the
water and wastewater industry. Can you discuss how fair market
value (FMV) legislation has impacted this initiative?
AA: Can investors expect Essential’s
long-standing policy of paying increasing dividends will continue
going forward?
AA: Everyone seems to be talking about
ESG these days. Tell us about Essential’s ESG program.
AA: Is there anything else you’d like
investors to know about Essential Utilities?
Read the complete answer to these questions and more in the full
interview with Essential Utilities HERE
About Advisor Access:
Advisor-Access LLC brings compelling investment ideas to
investors in the form of in-depth interviews with company
management and the latest fact sheets and corporate
presentations.
DISCLOSURE: Essential Utilities Inc. has paid Advisor Access a
fee to distribute this email. Chris Franklin had final approval of
the content and is wholly responsible for the validity of the
statements and opinions.
CONTACT INFORMATION
Contact:
Advisor Access
Rick Baggelaar
Rick@advisor-access.com
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