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Essential Utilities, Inc. – ‘8-K’ for 4/15/21

On:  Thursday, 4/15/21, at 8:16am ET   ·   For:  4/15/21   ·   Accession #:  1552781-21-205   ·   File #:  1-06659

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/15/21  Essential Utilities, Inc.         8-K:8,9     4/15/21   14:879K                                   2ENGAGE/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     37K 
 2: EX-23.1     Consent of Expert or Counsel                        HTML      7K 
 3: EX-99.1     Miscellaneous Exhibit                               HTML    285K 
 4: EX-99.2     Miscellaneous Exhibit                               HTML     62K 
10: R1          Cover                                               HTML     52K 
12: XML         IDEA XML File -- Filing Summary                      XML     13K 
 9: XML         XBRL Instance -- e21220_wtrg-8k_htm                  XML     20K 
11: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 6: EX-101.DEF  XBRL Definitions -- wtrg-20210415_def                XML     76K 
 7: EX-101.LAB  XBRL Labels -- wtrg-20210415_lab                     XML    104K 
 8: EX-101.PRE  XBRL Presentations -- wtrg-20210415_pre              XML     73K 
 5: EX-101.SCH  XBRL Schema -- wtrg-20210415                         XSD     14K 
13: JSON        XBRL Instance as JSON Data -- MetaLinks               27±    35K 
14: ZIP         XBRL Zipped Folder -- 0001552781-21-000205-xbrl      Zip     63K 


‘8-K’   —   Current Report


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________

FORM  i 8-K

 _____________

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 _____________

Date of Report (Date of earliest event reported):  i April 15, 2021

 _____________

 i Essential Utilities, Inc.
(Exact Name of Registrant Specified in Charter)

 _____________

 i Pennsylvania  i 001-06659  i 23-1702594
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

 

 i 762 West Lancaster Avenue    
 i Bryn Mawr,  i Pennsylvania    i 19010-3489
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code:  i (610)  i 527-8000

 

 i Not Applicable

(Former name or former address, if changed since last report)

____________ 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
 i Common stock, $.50 par value    i WTRG    i New York Stock Exchange
 i 6.00% Tangible Equity Units    i WTRU    i New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  i o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

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Explanatory Note

As previously reported in our Annual Report on Form 10-K for the year ended December 31, 2020, filed on March 1, 2021, on March 16, 2020, we completed our acquisition of a natural gas distribution company consisting of Peoples Natural Gas Company LLC, Peoples Gas Company LLC, Peoples Gas West Virginia, Inc., Peoples Gas Kentucky, Inc., and Delta Natural Gas Company Inc., expanding the Company’s regulated utility business to include natural gas distribution. This acquisition is referred to as the “Peoples Gas Acquisition,” and collectively these businesses are referred to as “Peoples.” Prior to the acquisition, LDC Funding LLC, a Delaware limited liability company (“LDC Funding”), was the ultimate parent of Peoples.

 

We previously (i) reported the Peoples Gas Acquisition and (ii) filed:

 

·the historical audited consolidated balance sheets of LDC Funding as of December 31, 2019 and 2018, and the related audited consolidated statements of income and comprehensive income, member’s equity and cash flows for each of the three years ended December 31, 2019, together with the notes thereto and Independent Auditors’ Report thereon (the “Peoples Gas Financials”) and

 

·unaudited pro forma consolidated combined financial statements of the Company reflecting the Peoples Gas Acquisition for the year ended December 31, 2019 and for the six months ended June 30, 2020

 

on our Current Report on Form 8-K filed on March 16, 2020, as amended by the Current Reports on Form 8-K/A filed on March 18, 2020, April 13, 2020 and August 10, 2020.

 

We are filing this Current Report on Form 8-K to provide the Peoples Gas Financials and updated unaudited pro forma consolidated combined financial statements of the Company reflecting the Peoples Gas Acquisition for the year ended December 31, 2020.

 

Item 8.01Other Events

 

This Current Report on Form 8-K is being filed to provide (a) the Peoples Gas Financials and (b) the unaudited pro forma consolidated combined financial statements of the Company reflecting the Peoples Gas Acquisition for the year ended December 31, 2020.

 

Item 9.01Financial Statements and Exhibits.

 

(a) Financial Statements of Businesses Acquired.

 

Filed as Exhibit 99.1 and incorporated in this Item 9.01 by reference are the historical audited consolidated balance sheets of LDC Funding as of December 31, 2019 and 2018, and the related audited consolidated statements of income and comprehensive income, member’s equity and cash flows for each of the three years ended December 31, 2019, together with the notes thereto and Independent Auditors’ Report thereon.

 

(b) Pro Forma Financial Information.

 

Filed as Exhibit 99.2 is the unaudited pro forma consolidated combined financial statements of the Company reflecting the Peoples Gas Acquisition for the year ended December 31, 2020. Such financial statements are incorporated by reference into this Item 9.01(b).

 

(d) Exhibits.

   

Exhibit

No.

Exhibit Description
   
23.1 Consent of Deloitte & Touche LLP
   
99.1 Audited consolidated balance sheets of LDC as of December  31, 2019 and 2018, and the related audited consolidated statements of income and comprehensive income, member’s equity and cash flows for each of the three years ended December  31, 2019, together with the notes thereto and Independent Auditors’ Report thereon
   
99.2 Unaudited pro forma consolidated combined financial statements reflecting the Peoples Gas Acquisition
   
104 Cover Page Interactive Data File (formatted in inline XBRL)

 

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: April 15, 2021 Essential Utilities, Inc.
     
  By:  /s/ Christopher P. Luning
    Christopher P. Luning
    Executive Vice President, General Counsel and Secretary

 

 

 

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:4/15/21424B5,  8-K,  FWP,  S-3ASR
3/1/2110-K,  S-3ASR
12/31/2010-K,  11-K,  4
8/10/20424B5,  8-K/A
6/30/2010-Q,  4
4/13/20424B5,  8-K,  8-K/A,  FWP
3/18/204,  8-K/A
3/16/203,  4,  8-K,  PRE 14A
12/31/1910-K,  11-K,  4
12/31/1810-K,  11-K,  4
 List all Filings 


9 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/05/24  Essential Utilities, Inc.         424B5                  2:546K                                   2ENGAGE/FA
 1/04/24  Essential Utilities, Inc.         424B5                  1:528K                                   2ENGAGE/FA
10/17/22  Essential Utilities, Inc.         424B5      10/14/22    2:483K                                   2ENGAGE/FA
 5/19/22  Essential Utilities, Inc.         424B5                  2:543K                                   2ENGAGE/FA
 5/18/22  Essential Utilities, Inc.         424B5                  1:530K                                   2ENGAGE/FA
 6/21/21  Essential Utilities, Inc.         S-3ASR      6/21/21    4:238K                                   2ENGAGE/FA
 4/16/21  Essential Utilities, Inc.         424B5                  1:582K                                   2ENGAGE/FA
 4/15/21  Essential Utilities, Inc.         424B5                  1:574K                                   2ENGAGE/FA
 4/15/21  Essential Utilities, Inc.         S-3ASR      4/15/21    8:1.6M                                   2ENGAGE/FA
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