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Pennichuck Water Works, Inc. Exhibit1 DW19-xxx Schedule A - Modified Revenue Requirement per DW-16-806 Computation of QCPAC Surcharge 2/9/2019

DW16-806 Approved Requested QCPAC Requested QCPAC Projected QCPAC For Projected QCPAC QCPAC For 2019 QCPAC Surcharge QCPAC For 2020 QCPAC Surcharge QCPAC For 2021 QCPAC Surcharge Step Revenue For 2017 Capital Surcharge for 2017 2018 Capital Additions Surcharge for 2018 Capital Additions for 2019 Capital Capital Additions for 2020 Capital Capital Additions for 2021 Capital Rc9uiccments {ll~ Additions I!ro fonnas Cafital Additions Ero fonnas {7 ,8) Cafital Additions pro fonnas Q ,8} Additions Ero fonnas F, 8~ Additions ftO fonnas {7 ,82 Additions

City Bond Fixed Revenue Requirement (CBFRR) $7,729,032 $ 7,729,032 $ $ 7,729,032 $ $ 7,729,032 $ $ 7,729,032 $ $ 7,729,032

Operating Expense Revenue Requirement $16,442,012 (1)(11) $ 122,079 (4) $ 16,564,090 $ 198,464 $ 16,762,554 $ 416,669 $ 17,179,222 $ 326,226 $ 17,505,448 $ 280,650 $ 17,786,098

Annual Principal and Interest Payments $6,218,648 (2) $365,418 (5)(10) $ 6,584,066 $566,225 $ 7,150,291 $891,274 $ 8,041,565 $857,436 $ 8,899,001 $818,624 $ 9,717,625

Principal and Interest Coverage Requirement 1.10 (3) 1.10 1.10 1.10 1.10 1.10

Principal and Interest Revenue Requirement $ 6,840,513 $ 7,242,472 $ 7,865,320 $ 8,845,722 $ 9,788,901 $ 10,689,387

Proposed Revenue Requirement $ 31 ,011,556 $ 31,535,594 $ 32,356,906 $ 33,753,976 $ 35,023,381 $ 36,204,517

Current Water Revenues exdudin Gl3mlR $20,694,038 $ 23,282,524 $ 23,806,562 $ 24,627,874 $ 26,024,944 $ 27,294,349

Add: Ci Bond l'i.~<:d Ruvcnu<: R~ uirement $7,729,032 $ 7,729,032 $ 7,729,032 $ 7,729,032 $ 7,729,032 $ 7,729,032

Current Water Revenues with CBFRR 28,423,070 $ 31,011,556 $ 31,535,594 $ 32,356,906 $ 33,753,976 $ 35,023,381

Percent QCPAC Surcharge (9) 1.69% 2.60% 4.32% 3.76% 3.37%

Cumulative QCPAC Surcharge (13) 4.34% 8.84% 12.94% 16.75%

Cumulative QCP AC monthly increase in average single family residential bill $ 0.91 $ 2.34 $ 4.77 $ 6.98 s 9.04

Average monthly single family residential bill with QCPAC $ 54.90 $ 56.32 $ 58.76 $ 60.97 $ 63.02

Notes: (1) Operating · xpcnse Revenue requirement is the sum of the Total Opci:ating Expenses, Property Tax l>xpensc, Amortization Expense and Payroll Tax Expenses approved in DW16-806 (2) Annual-Princii:ial and interest payments for PWW debt associated with all plant in service as approved In DWI 6-806 (3) Principal and intcrcsrcovemge of l. 10 is as:ippcowd in l)W16-806 (4) ncnecrs the net increase in property 1:1xes ·a~ sociatcd with the plnut plnct:d in service between 'I /1 /2017 nnd 12/31 / 2017 lhat wns. not included in DW16-806. (5) Portion of Annunl Principal and interest payments for debc associated with planL placed in service bl:Lwcen I/ 1/2017 and 12/31/2017 based on a 30 year bond with an actual total all in interest rate of 4.898453% that was not recovered in DWl 6-806 (7) QCPAC operating expenses are based on the property taxes for plant added during the year (8) QCP AC Principal nnd Intcrest expenses are based on 30 year bond with interest rate of 5.5% for 2018 through 2021 Capital Expenditures unless funding is via an SRF / DWGTF financing. (9) QCP J\C perccnr revenue surcharges based on increase in revenues from the previous year, inclusive of QCP AC surcharges. (10) Portion of QCPJ\C Principal and Interest ns socint~-d with SRF loan of $ 767,357 for 2017 work completed on Amherst Street project based on the fact that $ 27,746.00 of P&I was recovered in DW16-806 leaving 25,178.00 of remaining P&l on this SRF loan to be collected via the QCP AC surcharge. The remaining P&I is based on the amortization schedule for this loan provided by the NHDES and is the P&I payment due the State in 2018 after principal forgiveness. (11) Reduction in revenues associated with fixed contracts as follows: Hudson Annual Fixed Chg $ 32,800 Milford Annaul Fixed Chg $ 81,000.00 A-B Annual Fixed Chg $ 371,430.48 (12) QCP i\C Prinaipal and Interest expenses for DWGTF fmancing a.re based on a 30 year bond with interest rate of 3.38% (13) Cumullltive surcharge percentage is based on total suidmige revenues collcc1ed divided by the step revenues granted in D\V16-806

Impact on Single Family Residential Home: Monthly meter charge granted in DW16-806, inclusive of Step increase - $ 22.58 Average Single Family Consumption (CCF) - 8.58 Consumption Charge granted in DW16.806, inclusive of Step increase - $ 3.66 Ave. Single Family monthly bill with rates granted in DW16-806, inclusive of step - $ 53.98

Schedule A-Modified Pennicbuck Water Worlai, Joe. QCPAC Filing DW 18--022 Exhibit 2 2017 QCPAC C:apicd Expenditures Page 1 1/30/2018 Updated 6/25/2018 to rcncct corrcccioo11 :aHociatcd with Staff Data Requc111B

QCPAC Date of E•timatcd Ee ti.mated Final Unaudited Eligible' Financing NHPUC NHPUC Project Coat as of Project Cost ae or Project Co1bl iat AnnuialTax Pro"cct Namc/ Dc1crintion Pro"ect Dc11crintion WotkO«i tq>l-1 ~;cl, 2014 Bond l'\u!ds DW14-130 25735 11/7/2014 Partial Paid 2014 Bond Nashua $ P&I and property taxes recovered in DW16-806 Step Increase Replace Aging Hydrants Month1y31 s 42,000 5 1 ll'dnm> ..,,.oa:d ~·i~i 2018 Bond f1•1d< DW17-183 26.101 2/212018 No s 11.000 s 11l643 N.ash_ua._ Ye' s 29 .82 s 556 P&I and.nronertv taxes to be n;:covered in 2018 ncr>AC Re lace Arftn ... Valves 3 VII\'t. RM-.--.111. Monthlv 12 1J DWl7-1R3 26.101 212/2018 No s 511000 s 53122 Nuhu:z Yes s 29.82 s 1.584 Based an firud valve ceolacement exoenditured in 2017 2 New Services for Single Family Residentia1, owner build, per Tariff DW14-130 25,735 nn/2014 PartiaJ Paid 2014 Bond Nashua $ . P&I and property raxes recovered in DW16-806 Step Increase New Services Monthly 20 $ 5 New Services for Sinll'le Familv ResidentiaJ owner build oer Tariff DW17-183 26101 2/2/2018 No s 34.537 s 29.648 Na>hua Ye> s 29 R2 $ 884 P&l and ...... tty ta:Les ra be.r.ecoveced in 2018 OCPAC 410 New Meters for Lead Meter exchanges - 5/8"-6" DW14-130 25735 11/7/2014 Paid 2014 Bond Nashua P&I and property taxes recovered in DW16-806 Step Increase Replace Leaded Brass Meter.> with Lead free brnss meters Monthly SO Partial $ 832,000 $ 1 410 New Merecs for Lead Meter exchanDPs - 5/8"-6' rNE.ED ACTUAL 332 DW17-lt\3 26101 2/2/2018 No s 247 266 • 267950 N..ru.. y., s 29.82 7 990 P&l and nro...,,....,. taxes to be recovered in 2018 OCPAC Replace 99 failed radios DW14-130 25.135 11/7/2014 Partial Paid 2014 Bond Nashua '$ P&I and property taxes recovered in DW16-806 Stco Jnccc;ue Replace Aging meter reading Radios. Monthly 54 s 28,000 Reolace 238 failed rndios DW17-183 26101 2/2/2018 Remainder s 22.729 s 22.1!02 Nashua. y,. < 29.82 $ 680 P&.I :;;i.nd ... --...-.....- Dxn robe~ ln 2018 ()("'('IAC FcrtomJ~ • K: Pioc locia1on CJ~ F'cnnmumt.tic Pint: loa1M1 f.ll D\"t/17-183 26,101 2/2/2018 No s IQ

1 HcnrT "' ...... Truck 11-i-rmu r#36 HeovvDumn Tmck Rmlx"'118 No s GOOOO S 38930 $ 47 88'1 Menirmdr: No s s Rt-nllfCttne'lu of FtHOTWI 1ruc:k R--',....,crnou o( Fottman rnxk DIKC Tn>tk 1170 170720'! D\"t/17- 183 26,101 I 2p/7fl18 No s $ J:l..034 s 320J.I ~letritn.Kk No Truck. - --- o.of)Cn tnnsmission f:aikd nathtr th"M'i tto;Ur n.-1~11\ 1 nb.i on s JO vtu oW truck """""• Trucl< #SS R...... !Jee 2006 Truck with 10...000 mtkJ 1702097 I I s 6.242 ~l=iimck No 20 Ton Ta'1: Trailer re lacement 20 Ton TAC W>ucbt. s 20000 $ Ocfenro V1n:1ble o\tes:sllft S"KHH • 2 Cuunrncr 1':f.trmc:uKJO 1702l07 O\V14-130 25 734 11 /7/2014 Ytt s 30000 Paid 2014 Bond P&l 111d --iv lllt!I fttO\•r:m-1 m 0 \V16-S06 Steo lncrene RtnlKnncm fbril<> M~ ttcmrnu 1";"-..:--1 (4\ u-..~ 10---.. .. old mdio 1nr1u 1t.td~tt h!t.rwJhdd uult1. OIVl4-l.l0 25 734 11/7/2014 y., s 25!100 Paid 2014 Bond P&J .and "--:-0 fUC1 mc'O\Tm:l U1 D\t/16·806 StM lnattlJll: PinrSaws l!i 11~~""f5'1 1·~·0 0W17- 18J 26,101 2/2/2018 No s 20000 • < 9 :184 Mttrimack No Me..i Oc:•evlC'n 17137)4 s 21.231 Mcainuoldtt Nashua & Amherst Pavin Pltrk Sutt1 W.attt M.a.in Ft.enlacttnem _...:..,,.' i:ul'in~ 17019&9 DWl7· 183 26,101 2/2/2018 No s 4 908 s HOS Nashua Yes s 2982 s 146 Buch:rrC'd utvvo.. F'ttul 1'2~ HS~~ with WJ\Um:tln rmbamcnt .-.~ .. ts Niuhw & Amh.tnt P1wiu M\llbttn' Suret W11tt Msin Rrnlxcmc'"n• _...._, 1U\•i110 1701988 DWl7-H!:l 26.101 2/2/2018 No s 6.MO $ 6.840 Nashua Yto s 29.82 s 204 Ru.dlll!ted undec Final Pavinv. as.sociated with wate.c main re la_cemen( nro ·ecrs N;nhw & Aml'lt!rH t>.avin Q.iruriburloo lO Citv of Nmshm in lku af ftn:al ut:nch ttttonuion . (nducb Rocl1tUC' A.th t1nd Mat'Olric 17 18685 1111Mif1.> DW17-183 26 !01 2/2/2018 No s 120000 s 20040 Nashua Yes s 29.82 $ 598 IJ.odttrtttl urw:k!r- final 111\.jl"\9. ~!J,'d with Wll tc:.t mll.in n-nlxlC11'lCMt nroitt'.o 1 N:Uhu1 & Amh~n11 IJivi,w. Olet:U\ut Strtt1 f'hain I \V#tU MJ.in R- ....cmr:m -·o::t 1tt1.·in." 170){"') DW17-183 20 IOI 2/2/2018 No $ 6•180 s 111689 Nashua Y« s 29.82 s 192"7 Rodtlr'lcd 11ndcr Fin.d Pnino 1uoc:1lUcd with W}l('I m:un R'nl..a:=mt=rlt .. -.t..m Nuhu:t &: A~t PiaYUT $cnprwr Strrct \V;atcr Ml.in Rl'f'l l M.~I ...... :::-r rni\'ino 170)/,12 DW17-183 26,101 2/2/2018 No s 11~ ~ H<.ti Nashua y., s 29.82 s 74 Budlh'trtd uBlkt fmal lj;avfo-a HJOdllt'd with ~IC' r oul'1 rrpl:ttt111C11t .-.:-..r Nu.Ind & .Amhtnir Pinrin11: Corm:tn Sucet W:itrr M.a:in Rcnl-itemmi rwn1No1 OJ\•tno 1718'>79 DW17-18.3 20101 2/2/2018 No s 400 Nai;hua.. y., s 2982 s 12 Bud«ttd under Fln:al P:n·~ as.snoattd with \\hua. Ye> s 29.82 s 90 Buda:e.te.d undec Final Pallina associated with water main wnlacement nro'ects Niihum & .~t Pavintt l...tn-dl Strt'C't W2«:c ~Wn Rm xanm.1 l"llfft!O:.r l'll~vdi 170Jc. W.a.ret M:lln Rf'ftl-vcmrru oroiea !l2\•irlt:1 1718681 D W l7· ll0 26.101 2{2/2f})8 No s 2000 N»hm y., s 29.Sl s GO Bu.dOPted Wlder Final Pavin~ associated with water main reolacement omiects Amhut.l Strc-ct Ptoite.1 A.tnbc-nc Strut Aft.• Water Msln Renb cie ~cu "Pmliect

Paid for by SRF $ 923,785 Amherst Street Proiect - Amherst Street water main reolacemenr R.J:n1 ...... 3 150 LF off," Unlfn«I a Wster nu:inon Amhcnc Strec1 1601318 1702928 DW16-236 " • 87 42486 r.,.;.i Nashua Charges are for lntema1 engineering. OH, Union Ubor, ttuck and AFDUC, These expenses are not eligible for Amherst Street Pro'ect - Berkshire Street water main reolacement Reolace ,nx LP ()f x• Ix" Sttd/Unllncd 0 Water majn on Berkshire Stteer lJ\01320 170293J OW16---236 25.887 42486 Yes P.00 Cot bT SRF s 6,058 NlihU!I No SRF funding. $767.,357 in 2017 construction cost5 were fUlanced with SRE' loan funds 1be principal and 1 Amher:'it Street Pro'ect-Terrace Ave, water main re lacemenl Rtobu 2KO l.f' Qr:?"/4• S1~ / / Uolinctl Cl \'(r~J.C't nWn«11 rirncr-Aw:. l(.cll321 1102932 DW16-236 25 887 42486 Yes s 75000 $ 1,763 Nathw Ulterest asmciated with this loan amount must be recovered as part of the 2018 QCPAC surcharge. An'\Mn:1 SU'n t "PtoM"l"I .. Brucr.Strttt watlH' m3:11\ ~lCC'fTICflJ RMl !Mic 200 t.F cr6" Onllntd Cl W.:iwrfltlln on l..lrueeStmct ll\Ol.l!9 1702930 01'1116-236 ....7 42486 \'d s 7>000 s 4183 Nuh.ui Swec1HUI N.., S..nn]"""'!al W•U ...,uJicd tw NH0('5 150.19 14 160242! 17014:>0 DW17-lt\3 26101 2/2/2018 No s 70.000 s 70000 s 163 831 PIJlj.l:Ow Yes s 28.39 s 4 651 Proiec.t '"'""""" Ln 2015._ Pu>ect cenuired. bv NHDES to address shoct-111'1": ofsunnlv~ Pennichuck lAC wu~oht . s 300~ s DtlumJ unii1 funan: d..m: ill CDOl'.dimnion with T~"T\ Sw1111 Or.tin nrnWn M~r1ud 8ocM.1cr SbliDrl Rtol~\Cttll Reolace 25 Yr old below ~Wld confined soacc booslCf snrion wlabovf mt"lll,.kl i11"°11 DeCcmd. No Bond Kw5thL No ~AC ICIU~.ht s 550 000 s ,,_ _: __ ~rttttd 1nrJerT1tI1cl" Snow Station UnDT":lde Add 3rd owno lnctr::ul! l'M•Ml'llnit c~Mdf'I' 10 lllC'Ct .uis:tif1p_ dcmlnd1 and con11'XNll oblht-.ation.' 170291R DW17-183 26.101 I 2/2/2018 No s 125.000 s 1332J s 13.323 Nashua Ye' s 29.82 s 397 Ana111sis showed that rebuilding: one ownn would orovide initial caoacitv required ~ Citv Sewer Proitcll - TDD Ati-Dlt iaftutruc lu.rc rt11l:ac:cmctu i.D. coo:tdJnad on with 11~er rcpb1cemcoc s "'10000 Warren Srreet Rrol..:od 300 LP of 4 U>di Cl wir.11 8 1n OIPO 1702870 llW17- 183 26.101 2/217fll8 No < GOOOO s 121 lSl N:uhw Y<> t 29.!2 s l61J S20 nM '°'" ltn.J.l f)l\'lnJ:r. In 2()18 Lowell Streer .Rcobcrd 425 LF or l1 ird'I Cl with 6 in 0111CL. 1702874 OW17- ll\3 26.101 2(2/2018 No s 60000 s 99.llGS Nuhu\ y., s 29.82 s 2954 SJ81'll0 for fin~ r>Jvina.inJl:uc for 2018 wn enmnirrcd In ~17 . Green Street Re.alaced 330 L F of 4 inch Cl with 8 in DIPCl. 1702872 OW17-18J 26.101 2/i/2018 Nb s 2"1000 s 27720 NuhuJ Ytt s 2?.82 s 1127 lncludlos: rllllll onma: Beard Stree1 •-..._. 3511 LI' of8 w.h Cl --irh 8 01ch lllPCL 1702873 DW17-183 26.IOl 2/2/2018 No s 1$000 s 78412 Nashua y., s 29.82 5 2138 Jnc.luditur: D:l\""11.t lemon Sneer •-•om! 320 LP of 2 onch 0 ...n.ti 4 In PVC 1702875 DW17-183 26101 2/2/2018 No ~ VO?~ s 7l.389 Nashua Ye' s 29.Sl s 2188 $17 mn tor r...i """"' fn 2018 Proctor Streer Renlaced 130 LP' of2 &1 5 inch CI with 4 inch PVC 1107322 DW17-lt\3 26101 212/2018 No s 51000 s 63 829 N..tn"' Yes s 29.82 s 1903 &:dudes final o~vinu Gillis Street Renlaced 1 290 LF of 4 inch 0 with 8 inch DIPCL l6t76R4 1703641 DWl7-11D 26101 2/2/2018 No s 71987 Nbf1U1 Yc0 s 29.82 s 2147 Pro'ectmissed in Nov 2017 filin" Temole Street Rcol>r:td 375 lf'of8 inch 0 .,;Ill 61nch HDPF. and 8 inch DIPCL 1600381 1703640 DWll-183 26101 2/2/2018 No s 151093 s 1"8873 Nashua y., t 29.82 s 4439 lncludln• folUI "--- Mutmw St101 2/2/2018 No s 106 JOO s 8U57 N>lhu> y., s 29,82 s 2«• E.s:tludes (llfU) ftlV.,R. 2.4" '"''Auinn:u" from M1uw:l'll!ltcf Sutt ( ~ linker Rolld Add 1800 I( o( 2.J UM:h Cl.Ot 00 M:uv:lu::uir-Strttt r~t ID Tiii.k.er Raid Ocrcnrd. i\lo l]QQd' JtrUltht.- No Ol.l'AC MlU•m1. s ~ooo $ Dtfcmd u.ntll 20-18 W'!lftt main J"""""" 0 ~ l oaoon 10lAMd ofa.uin r.o~T'rutllllnd 1tvwi.onto-rrucn 12001{ Oefmed. No Eland mudu No ~AC K1UP.h1- s 300000 s Dcf

2'017 M11 in Sut.e_t Arra Wucr M tln Rcoh.cmcnt .. Pbue I Fowcll 4 Zclfwood T Pmu rcpl;acc 1720 I( or 6 in CJ with a in CLDI 0tram1.. No Band MJUP.fu No rv--o/\Ctour-h1 s 4 s l'>n ofl'~ def""" wnil 2018 :Buchanan Avenue: Replaced 540 LF of 6 mc:h Cl wirh 8 ioc:h DlPCl. 170280 DWIJ.183 26101 2/2/2018 No s 14752 s •t:n13 ".... '"" Ytt l 29.82 s 2863 lndiviull Srrcc-tt Pin tif2017 Mun Stttcr Att2a\V1uer M;tln fl,.,.J~1 f'...... r1 Circle A\"C. • ~btn Rc.oll&CCrncn c Replaced 400 LF of2 inch Steel with 4 inch PVC 1.715613 DWl7-18' 26101 2/2/2018 No s 21195 Nvhw: y., • 29.SZ s 632 Fawell Street Replaced 900 LF of 6 inch CI with 175 LF of 4 inch and 725 LE" of 8 inch Df PCL 1702844 DW17-183 26,101 2/2/2018 No s 192-1'.79 .NuhuJl Yes s 29.Sl s 5 731 lndiviu.al Streets Part af 2017 M~n Street AreaaWater Main Reolacement Pro"ect 7..dlv...iad J\V'tftl..IC Replaced 375 LF of 6 inch CI with 4 in t•vc 17021H5 D\'1117- 11!) 26.!01 2/2/2018 No s 480,000 s 51,142 ~na. Yea s 29.82 s 1525 lmf;vtu:il Strertt Part of 2017 ~Wn Sutct AteH\~stct ~fa i n Rcolnlcmcnt r..w- flnauStttt1 Rrolxod 7 10 l.F of6 inch Cl wir.1112 inch Dll'CL 1702846 DW17-183 26 lDl 212/2018. No s 14G 106 N2'hm Yn s 29.82 $ 4.JS1 lndiviu2.I Sltf!ttt Pan o f 2017 ~b;n Suec-t /uc:J;1W1.u:r M111' Jt.....J~('J'l'llrnl t'-r 2017 Mtio S1rut.Ara Wali'r M• ldi R.C'obc:mC'DI · Pha1c II A ..... ia(rs•trvCt'Urc ttol111 ecrncat s 320000 Lnoolti S1ttt1 RC'Ol':tccd 7W t.F of(1 inch 0 with IJ 1n 0111Cl. 1702841 OW17-lill 26,101 2/2/21118 s 152407 s 168144 Nmhu11 Yn s 29.82 s 5014 lndlYir.W Scrtttt Pan e>f2011 ~b1n Sucf!I. At!5::1.W!ltcr MU, 'R,.,.JlCtO'llMI fl'-r Nutt Street R....i.cod 100 LI' of! inch ond ~ I.I' Qf 4 ""'"Cl ,..;rh 100 LP of •I 11112 OW17-f8l 26,101 2/2/2018 s 1204411 s IQl)MI N~\&ll Yes s 29.82 $ 3.251 fnd1V1wl Srttta: 1'ln 0(2017 ~UU1 Strc!ct M'UW~r ~bin Rmlu:rmmr p...... -.- K.ffu1~su~r H_...IQC unltncd Clll Uun ~ IO.Sidt ~lttt-rt. ~ J orr:ov n;avirn.! ~rtmtt . No Bond Jou\t.hr No ui.. 1·.AC u..•nlu $ 1731n1 s Pn>lri"m.!of20l7 Ro.1 1t JO l \'Cr'lodeninttJ. Brtllo1•nnP.: Renl<>l"'"ment Vehicles (2) Rrtv taxes recovered in DW16-806 Steo Increase -~.,, P\TAV Cott $.,mn I l t. s 15000 s B.udOPt nlace hold.cc- No tre11tment '.'IV!'\tem installs/reolacement YfD M~ . StruccunJ (mnrovrmetut Miic, Srructum.I t~"" Dtfttttd. f\:O Bond iOUOht No :lrPAC souo+.r s 20000 s B•>li.,..t ol.ace..haldec~ No structur.alimn~nvements YID Harris Dam Snillwav Reconstrucraon Comnlete Harris Dam Snillwav Reconstruction 1701987 s GJl18 Nashua Ya t 2982 t 179 Rrnl1Kr Vc:h~de 1162 RrnlACe 11 t'CU old uuck \W'itbl07 8G3 mile..' PW17-183 26.101 2/2/2018 No s 60000 s •5000 A~ \ld\idc wu nuf':hued ttnd thd \We.le w1S tttiUned : kmr ln ~c.. tl99 wll ttt1tni. Rcnl- Vohlcln 11>1'! u-.1..cc 1 Yelt.J·okl truck ...,111110ol 87S mites: 1800462 D\'!/17-183 26,101 2/2/2018 No 3Sl)OO S 35000 s 27 323 Nashua No Rrtlr'cd #~9 Realace vehide #204 ...... ;ace b ...... old truck v.i 1h l?5 'Ml\ miles lli004!1 DW17-183 26,101 2/2/2018 No 's 60000 ( 45""" s .. 2l11.8 Nashua No ;:-.. ..- from •---nn:inno(bud(lftt ,.._~in m --o(¥ehlClc hciuu ci=rlll ru:td 1121l-1 r .\fllc 26101 2/2/2018 ' TI'iM nurnru:rmturol at &n 1(irr.lin T:uilr Tn:Jmll mixer in Boo Tmmain TMSc 110;024 DWl7-183 No s 2'""' • 2 600 Amherst Yes s 30.JO • 79 llud- 1nidtt \VTP Miic mu:- .. , ..... --~- llr:nb1..."C' VFDon-Slutl'1:t' """""'1 l'>umn nr \'V11l R.rnhre VFD on Shlief·.... .,.,_.___ r Purnp-1.1.t \'Vfl' 1707190 DW17-lll:l W,101 2/2/2018 No ~ J SOl S Hill Nashua y,. t 29.82 IQ.I l:lod~ uC'd unckC' \VTP MJJ.C: ~1nrnnef niuch.A-rcd \t/TP . RcOl~c- lO" IP Oiiehlffnl'I Mtttt \VTP - }:(l'nlxc 30• 11' ~...... _ .Meier 17018&5 OWl7• 183 2ld01 212/:2018 No $ 17177 s 111n ~~Ul Yes s 29JIZ s' 512 Uudal!ncd ~ \VTP MiIC rol.il--1 ...... -....-- Purclun.e llC::"-' lib comnmcnr Putt.hue nt'\11 l:tb <"11u1nt1¥:(\f Dr.fcrttd. No Bond ...... ,. No nrt>AC .. - .•l ... $ 1s~ s Pun:;hut1 ot.-w lilh «1ui...... -.1 HlAru. Ti1nuoc: 1707187 O\Vl7·183 I 26.101 I Z/2/2018 No s 5900 s 5900 N·:u;hUJi No Bud~tttd U.. f Pun:hm lteW lab -".!--1 \VTI' """'"'nd/KVAC Jkol'eed r...... ,.,,cssor an A/C Unit f\VPS 1708347 D\Vl7. 183 I 26.10 1 I 2/2/2018 No s 10000 s 5568 s S for Sc:rurlrv I'c:1'lmftcr rcorin~ \lt \Vl1) 1706%.1 0\'(117· 183 I 26,101 I 2/2/2018 No $ 801Vlll s 5588 s 5588 N:nh u;a Yes s 29.$2 s 167 Miin G1te-:.w. mcrl111ois:m ccubccrl. F~1.t dcrcm:d Rt;Di:acc 01rifu::r "1\ Vxuum lllawJ.'.!n :md Actu1uan: v.-. 1 ~ 011tili1!1. l7'IV:klm1n Wu..'Ca ant.I /\c1o:uon Dcfencd. No Bond bil!hl. No ~'ACuoo .. .,.t s 25000 s De.fe.m:d Misc SCADA Electrical ··-..i- Mui'". SCADJ\ EJttuic•I Dt:fomd. No Bond IOllcllt. No -uAC•--t,. s 30000 s RI, .. --. Pbte Holdr.r Stt' ht.low (t'H' .:1u.il ...-...... ~ MkL SCA1'A rJearial ••-.ub Villf>.vftt:ld - Jnu'-11 Cellular C.oonnw1~bon 170188/i 01'!117-183 26.101 2/2/2018 No s 5""" ' J.'!149 PW<- Yeo s 28.39 s 92 Bl.ld:Ji=-tted undet Mile. SC'".ADA EJ«u·nl U"""'*' Mi><:.SCADA Eloc:trictil •-det IMtnll Ct.llulu Communiauon, Caboc Pnritr\'Cl 1716549 DW17-183 2G,ID1 2/2/2018 No ' s 21'12 llII Sl"..ADA r~ tcr<-1 U-de S""mt 170181!9 D\V17-1BJ 26,101 2/2/2018 No s s 43 ODO S 19'190 N:u.hu2 Yes s 29 R2 s SOI(; Unbudln'tted. Sccucitv un ...... rl.. ., ...,n .. ; .... rl hard.ward re ]~cement WeU ltch.:1bitlt11.nnns m Wcll Rd:tabUirtdMJ De.fcntd. ~o Bond l&Ol.ui:ht. No "AC~- · s (JOIVV'I s s llud"'1 nl•« holtlot. No Well JWubillt>tlon P-'-• YID \Vll' Omcd C1mil1 Gm\tr.i: tMl11~1rrttnftft'A.¥tt~trs Oru~ Clrculc Ca.mer.a rcnl:.cr.u\cOI f.imnto,•rmtntJ Dtfttttd. 1':o Uond MJUeht No :•_..l'ACsaudtt. • 60.000 l Deferred \vn1 • Rt'nlx.e .uoce!mnt ...... mu"°'r11tt1 \'VJ1J ,_rion ReDlace storefront olass rennovate WfP recentlon Dcfetted. No Band souaht No .Ju•AC souaht. s sa ooo < Oefe.aed Office renovation-conference room OfTicc c:cncn~ .ctN1 fc:~ room DeCenrd. No Bond M)f.Jtthr, No CYJ:•AC ...... ,t. s 50000 < Dcftttt:d Wirer.: Si.Jnol't - \\ltltanl~ Pub!ic &Juadon Fen:ilmriol1 I Pcuicide- • Ph.1U4e I De(ccr.td. No Band s.(1l~ I ~ No :lO'J\C sou~1t. s 20nnn S \WI not ho comolcted ! 2018 S1oonw:ucc UMP Notifiorions and Communi1 ' l:duoltion Sl.afmt,1.·2ter filfP Notffieo rlocu :ind C.nmrnunitv EdtK":loon Deretttd.. No Bt,vtd cnnotu. No "JCTlAC tou~L s 12 000 s Will not be comaleted Wl1il 2018 S1, 1--h's Lantf Purc:h.Asr \'O':llt!rdied #'MrUC'(:f!M 1503675 DW17-183 26.101 2(2/2!J18 No s 69790 Nashua Ye> s 29.82 s 2.081 p.... ~ 1t1rtcd tn 2015. I~ outcl1ued fcom Jocal "'-nl't!d:. band ml xt'IU to s._...... i .. Pond Srtucl:! rttMtion ltt:a OrT1ee Sn:urirv Cot From Rcc ...... :n... Ow:s.k 171)3.125 DW17-183 26101 2/2/2018 No s 111000 20990 s 18 R?.l Menimack ~o -...;al n1nmre did 1wx include bullr:r omof ..,.,...., -and other JCCW"irr fc:mue1 Adiusl"lblc Ot-ik T'""i' Attt.Mnrnod.nc bxk lnues 1713759 PW17-183 26,101 2/2/2018 No s s' (i ORA s 6.088 Merrimack No Anet ~filtu~ 1 ~ Ptwc 'J Auc1 M'.anr--t :2D16 Ctrr.v ov4r IGOOOGI DW17-183 26.1 0 1 2/2/2018 Nn s 200000 s 2oonnn s 161-5911 Merrimack y., s 28.17 s 4-'>S2 Con'·cn.im !(I tu\.M. Fitt:d Aueu -~.O \ 'Cf C.cmvir:nion 10 ~M . Ph:cd ~1 ~A ~-m"tt 1707349 PW17-183 26101 2/2/2018 No s II 000 s 11""" S 6929 Merrimack No s < Firewa11 firCW".lll f'Hlll~n 1 1702C81 O\Vl7-lBJ 26101 2/2/2018 No s 5001)() t %.42G s 2""8 Meu:imack So Aik'I M• ..... 1--nt • Phu<" 4 C.ontiuur ...._._non Assa- Maru._.._,t :mn1ntt11r.uinn 1700300 D\V17-183 26.101 2/2/2018 No s 7lGl1M s JSOOOO s • 92.lll Various s 21.!JIS s 14198 Rt!i:tua=d lt.·cl or"''Olk dun budttncd di.it> m s.mf'r time di\'Cf~ w rFOJ\ rnoaru:e a.ck Mobile u~ u-OfckMoblle to ~on iPad1 1707189 DIV17-183 26.101 2/2/2018 No $ 150.000 s 5400 '""' s 2016 Work •nmnlctt111fonn 1702223 DIV!7· 183 :W,10 1 2/2/2018 No s - s s 11'>11 s 5 160 Various v.. s 2U5 $ 149 Bo~l---t (or~ U...... t.. Cic.ltMobilc to WOtk on IPADt Infoview U'"'·-de u---·f .. t.nf~w 10 d1<1 btnt \'tfliion 170:2Z.2·• DW17-IBJ 26,101 l/2/2018 No s 5 000 s 3150 s J 150 Vacious Yes s 28.85 $ 91 ExchanJ..""e U-dc u.. -... F..v;clunlHl to 1hc llltft \'cl'l'ioo 0\'(117-1&.l 26 IOI 2/2/2018 No s JI~ s 20420 s Dt:!fu~ RitlMlion Arehi\'c Soh.i11on Jnfnurn.:huc: m ,\rc.hl\'C ob1n .--.."r\I files De£ctttd. No Bond tOUitttl No • 11.Acm..~hf. s 60.000 ' 0.fomd ontlt 2018 Munis Enhancements Dill nrLnD/lomr1 Forms~ Olc.K-Muuli ~_....11 CSS snd l:>.uhbo.ud/Cnun.I l)(.fencd. No Bond JOU"°" • No __, >ACsoul'l'ht. • 1•0000 $ \'tfiaiun." (or \'t'ftdt:r 'M'l*rnrmtt nfsof"tvr.uc nlh~cmcnts: Mftt:r:Umn'.IUt Sofiw.arc Dcfcned. No Hood 10uMlt. No -v- 1.AC fQllahL s 15 000 t Bud-1 i"tl·- holckr. Mi:tal11t11eous Soff\l.•;uti Uoorodc S'""'°""/\V;\M l)W17- Ul3 I U. 101 I 2/'l/2il18 No s $ 10.:186 8udLtr1trd foe WM'lr:r ~fl!C. SofnVJtc Miscellaneous Software Dxfdlow Dalli CoilCC"lmn wflWllre 1707201\ DIV17- 18J I 2G IOI I 2/2/2018 l\'o s s 6 700 s 5400 Mcmrnock !''DP" Con,·ct!i:r SoOvme 1614048 DW17-183 I 26.101 I 2/2/2018 No s 3 994 Me-ffirnack. No l<'"'nuired 10 ma~ web.5.ite ADA C0'"""1;., .. t Miscellaneous Hardware Ot(etttd. No IXnl &nl-r~ No I uJ\C£()4.1toht. • 18000 s - Bod~ "1.atr hokkt. No Misc. H1rchWcc ...... h,., ..- YID Misct.IW'ICOW HatthvJtC! l.T06 T11...,. Dnvc #2 1617"8? DIV17-18J I 26,101 I 2/2/2018 l'lo • 19195 Merrimack No N~-otit lnfr.au.ruc-rul'tl Rwl'xemC'l\I or vinu~. liC.rvtf.!I wid rldWOfk lW'icth 6':tclt.. ~tm'R'. lunhVxrr' no lontr!!."f' n1rwwv1td.. mt1s<1 D\V\7- 183 I 26.101 I 2/2/2018 No s 11H2-I Merrimack No UMSu ...... 10 U~ rtl l...J11xK'.1tOl'i' lnCamu.don Sncerru softwsm Deferred. No Bcn:l I0\.1du. No OCPAC>Ollll!lt. IS II 000 t R~ ofnew w:nQi deb.~I un.1J 2018 B:adw S•...:- fo'r IT At~ Allowfm~r.ortnf'fiC.:ifttt~n.HuolT11tt;'t Scct1rirt Dtfemxl. No Bond .ni.w+ir.. NoOf'.J>ACJOVPht~ s 2.000 s Pmlttt ouuxUttl fot 20 17 Di1rL.'i-:.tfc: in to Ok:k Tf"il(.k Oi'cr:u(e worlc ordtrttme dcrtmmcail D

Total Projected 2017 PWW Capi1al EK $ 9,729,000 $ 4,163,760 6,058,766 Projected Property Tax - S 122,079 Amount to be funded with April 2018 Bond issue - 5,291,409 Amount to be funded withAmherst Stceet Project SRF loan - 767,357

1. Tax rate is the swn of the local community rate plus the Sratewide Utility rax rate of $6 60/$1000 Pennichuck Water Works, Inc. QCPAC Filing OW19-xxx Exhibit 2 Projected 2019 QCPAC Capital Expenditures Page 2 2/9/2019

QCPAC Estimated Estimated E s timated Eligible Financing Approved Project Cost as of Project Cosr as of Project C ost as of Final Project cosc Property Tax Pro ject N am e/Description Projec t D e8cription Work Order# Docket No. Budgeled Amount 6/30/2018 9/ 30/ 2018 11/ 30/2018 •• of 12/31/2018 Community Taxable Tax Rate (1) Exp ense Exp lanation for Change / Addition/Deletion since 1/30/2018 1708351 & Additional labor, metal and other hardware to properly outfit the truck. Project reduced by $16,000 for Reolace Forman Truck Ex.istioa Trw:k has been. a safetv aod maintenance problem 1813525 2019 Docket s 90.000 s 97 685 s 120 756 s 120 756 s 92018 Merrimack. No s 28.92 s . l.radc ID value. Sino-le Familv New Services Si11olc F ..... a .. Owner Uuild New nomes 20 Q.lOdwfdcq, 2019 Dud<19 Ooclc

2018 QCPAC Additions Pennichuck Water Works, Inc. QCPAC Filing DW19-xxx Exhibit2 Projected 2019 QCPAC Capital Expenditures 2/9/2019

QCPAC Estimated Estimated Estimated Eligible Financing Approved Project Cost aa of Project Cost as of Project Cot1t as of Final Project cost Property Tax Project N ame/Description Project Description Work Order# Docket No. Budgeted Amount 6/30/2018 9/30/2018 11/ 30/ 2018 ao of 12/31/2018 Community Taxable T ax Rate (1) Expense Explanation for Chuge/Additi on/Deletion since 1/30/2018 Nocth.wefil.Hi~h Pressure Svstem Imorovements 1--ina: ofde.a.d Md mains. Pilr.&lle:I wu1cmutn .-.r...... 110 tcbuikt Kcnlct 1~k 2019 Docket s - s Protttt nttdocf to be dc(cucd lo cnmnLdcothtt w.1.lCf rruin crnhanc:nt omw.-tc tlul Omtl uo In 2018 NorthwcH IT!Kh Pressure S.num fmt:HO\irmel\l.i: Add 2700 l.F of 24 indt l)IPCL on Manchester SI. 1806805 2019 Docket s 600000 s s s 5 - ~'uhua Yes s 27..81 $ - Deterred to 2019 ta r.akc ach~1-- oflow intc:-rCit ()\VC11:" lmn - ~rm -:and survc. Northwt:n 11'krh Preuunt S'Ncm fmnro\•cnumu Add 2200 LF 0£ 12 iru:h DTPCL to dose loo" between Rte 101 A and Rte 121 (Amherst) 1806810 2019 Docket $ 500 000 $ . s s s - Amherst Yes s 31.59 $ . Defeucd to 2019 10 take-ad\•:11u~~ or low fntcccu DWGTF' Loan ~ des.i'1'n :and :!IUrvc• Nonh~·cst Ri1th Ptcuutc SVitttn Imnrovemenl'J 111_,,tace 825 LF of 16 inch AC with 825 LF of24 inch DIPCL alonvTinker Rd. 1806434 2019 Docket s 440000 s . s 3 s Nashua Yes $ 27.81 s Deferred. to 2019 to take a.dvantaW! of low interest DWGTF Loan desiim and survev NonhVw'e1.1 H".1Stf1 Prem1re Snten'\ t matO\~ll Reolace 1300 LP of 12 inch AC with 1300 LF of 24 inch DIPCL aJon~ Deecwood Dr. 1806806 20.19Docket s s . s s s Nashua Yes s 21.81 s - Dde..cred to 2019 to take advantaee of low interest DWGTF Loan -desil?Tl and survev Add 3400 LF cc 20 inch HOPE and 24" OIPCL RR Ccossingpar:llld to Amherst St Northwest High Pressure System Improvements 1 1806808 s s . s s Nashua Yes Defected to 2019 to take advantage of low interest DWGTF' Loan - desjgn and survey fl\l''Jlihua Alnv,n\ 2019 Docket - s s 27 81 s Lake Strt:.et Rml:ic!C 2950 LF'of6 i1k'h Cl with 12 inch 0 1 1814740 2019 Docket s 1085200 s 1.415 200 s - s .s Nashua Yes $ 27.81 s - Gas Comoanvwlth late start.. Proiect reauirc:s temoorarv waler. Deferred to 2019 1702860& Kinslev Street Reolace275 LF of12" Cl and 1020-LF of6" Owith1211 DIPCL 1825911 2019Docket s 526 000 s 542.620 s 693 441 s 693 827 Nashua Yes s 27.81 s 19295 In con' unction with the Citv of Nashua's 2018 sewer renlacements Harvard Sriect R..,l>cc784 1-Fof8inch Cl with 81nCI. 1814742 2019 Dodct s 150000 s s s Nnhu. YCJ s 27.8 1 s In con'unctfon with the Utv of N'ah\1:11t 2018 k:'Wct , ..... 1,.ccmc:nt1 - Delilvrd to 2019 R,.,...1,,,ce , ...... with Pickun R..,locc 2006 •-with I ~ 407 miJ., wirh Pickun IAl7800 2019 Docket s .30000 $ 22969 s 22969 $ 22.969 22,969 Mecrimrl No s 28.92 s R.0oi.ec R.,•<>tr Pid mBes 1817796 2019 Dodet II 30000 s 34 050 $ 34 054 II 34054 s' 34054 Metrimack No s 28.9.2 s . Added after approved budget. Opportunity to replace B inch A/C pipe. 50% paid for by PEU per Order Matt R°'d Rml>c;.,,na1t (J>EU-P\V\V) lmctconn« 10741.F of&" Cl with 1074 LF of B"UIPCI. 1813935 2019 Docket $ - ! 270 000 s 32.1000 s 354 813 II .355 362 Nuhua Yes s 27.81 II 9 883 RR ccossine: on ~b1'rudl St wu 'o be Joo..cn:.d and rn orotcetion colll.'.r:m• Pec.""""11" Court ll~l.ncc 1tGLFofL.2.S•1red ..:.....\Vi.th 41t PVC 1825319 2019 Docket s . s 60000 s 62000 s 71391 s 765'2 Niuhua. Yes s 27.81 $ 2.185 Pavina: nra&Jr.lrn to overlav W"c.d- Fou(ld leak. Main froun in DQQf a:indition Salva.ii Court Reobre 100LFof1.25 inch steel oioewith.4 inch.PVC 1825910 2019 Docket II - s 55 000 s 55000 s 55 non Nashua y., s 27.81 s - aviocP nm.....,..., same era as Feery Alts Cr~ Gas ceplacement will compromise 1933 era water line Based on revised contractor estimate. Final paving l..ove:w:ell Street RMbtrc~OO IJ' of l.25" •tccl .;.., wloh 8' Dll'(:l. 1825912 2019 Docket s - s 210 000 s 86 000 s 139 276 s 139 417 Nai:huil Yes s 27.81 s 3 877 rnmnleted in 201 B Project developed in response to a combination of low pressure and pressure surges causing customer L11:;.h"'i..'"""'eare Hil!h Pressure Svstem Exoand HP svstem to address ocessure issues to 4 stteets 181.3926 2019Dod"1 s s 273 000 5 2.30000 s 230000 s 211.941 Nashua Ye. s 21.81 s 5 R94 Jumbinu issues. l...U.csidcA\"otLtc l\m l•ec 275LFor1.25' "

11 Clme Stn:ct lu-..1.,,.c4.30LFof6 0 with 4;_HDPE 1829925 s 5 . s . s 134 600 s Nuhua Yes ~ 27 Bl s Comole.ted in coniunctioa with a r;m of Nashua Sewe.c. Renlacement. Citv coverinv Street reconstruction 60, 61, 62 & 63 Booster/Well/Chem Feed pump replacements Booster/WeJl/Chem Feed pump replacements (13 YTD) s 60,000 $ 60,000 s 60,000 $ 48,354 $ 50,899 Various Yes s 28.40 workorde.rs 2019 Docket s 1446 RCt:lbCC 2 S..bmc ...'blc Jct ru...,. R~acc N·o submcnib!c kl fMUTltH in the hudr.wJ>rks at lhc \V'fP 1818297 2019 Docket s s . s 14 707 s 14707 s 14707 Nalhua Yes s 27.81 s 409 lnstallhenJat::e t.teatment systems in.small CWS •lnmill '-lace tttalmft1t wstem' 1n $111;111 C\VS o/a 2019 Docket $ 15 000 s 15000 s 15 000 II s Various Ya s 28.40 $ . Misc. Struciural (mnrovements Misc:. Struaucil fmoto\ltf'l"K:nll 2019 Docket s 20000 s 20000 s 5000 s i - Various Yes s 28.40 s Misc. SINcNnd Jmorovcmc;u1 \Vn' . R~• I CC PW.I'S .,;1 Tonic lnk Monitor 18200.ll 2019 Dockct s - $ s 1 200 s Hll 5 3 Jll Nuhu• Ya s 21.81 s 9l l\fi»ec:U2110)UJ ::..... ;nmcm PUrcluu.cd .\fucclltncou1 r: ..... j mcut Pun::tui~ 2019 Dockrt s 20000 s 20000 s 5 000 s - s . Variow Yei s 211.-lll $ Rrol11i;;i:mcnt or 18"' lhckw:uh J\a.uuo r The: rmLic:ttn~~ o( th.t: dtttric \';dvc :U."tmttor fot th~ 18'' biac-kv.•:.sh Will litrCOfllro) va l ~ 18 1!1988 2019 Docket $ s s 44Sli s 4• i.t SG s HSli N.. hu• Ye> $ 27.81 s 124 Mw:cllma>os SCt\DA/Ele<.;ri<:al Ml.tcdhnooos SCADA/l!locuic-.d 2019 Docket s J0,000 s 30,000 s 10 000 s . Various Yes s 28.40 s . Mi.,.Jjon<:oul SCADA /l'.lcctrial Wl1• • Rml.m: Hioh Wl #4 Sot\Sa.n5 s 9 765 Nashua s 28.4-0 s 277 \Vtll Rchabilira1;..o Woc:kurcah.se LWJ1 vehicle #212 Vehicle needed (or new t.ommurtitv Wom:r Sntcm n.....niltr 1816162 2019 Docket s 65 000 s 65000 s 39 513 5 39 513 s 41A7B Nuhu11 No IS 27.81 s - Ren.lace Vehide Rcol>ccmcnl of vilildc 1162 1825490 2019 Docket s 65 000 s 65000 s 50000 I 48374 s 4.2., 74 Nashua No s 27.81 s . r ...... r.tm ~illVi'!a -, cccocmrualoo cnmnl:'cdm!' Bowers Dim Snillw:...v rccon1nrucrinn t:n~n~..1.- 1824545 2019 Docket s 90 000 s 90000 s 50000 s s . Meo:imack No $ 28.92 s Not Elilri.ble. foe 2018 OCP AG as tbi.s is enmneerimr_onlv Wfp Camera. svstem U"'"""'de E.-cistimt Caint!n ivttr;m i1 outdiUed 1819073 2019 Docket s 50000 s 50000 s 4 000 $ s Nashua Yes I 27.81 i 11".BJlnmt.'fll will not be imt:tllcd t.mtil 2019. Dn:d~~ f.,..ibll;tv wdv o-n• C«ulblr.tv ltUUV 1807145 2019Docket s 31 1CSM:rr H11tti1Pond12~ wa1cr,,cr.uion~~-- rmJ.~u:e I af2 1829845 2019 Docket s s s 17 000 s 17 000 s 16.889 NaJhU> Yes s 27.81 s 470 Rec laced existintt cnmnce.ssor which was not reo.a.ir::able Purchase new l~b eauinment Pun;hJUC beni::h 100 Z~f"A 001crui;al ~n la.hr.u::r. 1826397 2019 Docket s . s s 75 000 s 15 000 s 38,]5 Nashua Yes s 27.81 s 1 067 Ot\-ice uf«I to vctifv and t'OCrcliti: !111rttnbni: c:urrmt moniron-:.nd further 001in'tb:c lfdtJnctU otocc:s:s. P1.uch1;c.2nd insrnll 2·nw w.11..1cr s1 cc-Mn t o~ CURRnt monJ100: Rmlacemeru of two older uni.I:$ 1 wu.ec.t.lv not ooecationa.I 11129848 2019 Do<.l:f'tltion ASSdsnK"flr and MaNncn\C.1\t 1807147 2019.Dockct s 7 500 s 7 500 s 7500 II $ - VariQUS No s 2840 s Studv is not OCPAC Qualified \vrP . Rm~ Filter 10 WuttVa.tve Act\Qi.:or RM Iler \•11h•c ac:tultor 1M t comml.f flou. or 'WilTCr from iihm dunn~ w:;iJtr./b1ckwuh nh L800482 2019 Docket s s - s 6 276 s s 6.216 NaJhU> Yes s 27.81 s 175

1814346, 1704175 Wcbtlta Unnrll(Jef Inv>fOYM Cuuomtt SMrtcc l!Jocncnc.c & 1826890 2019Docket s 10 000 s 19 068 s 19 068 s - $ 4 500 Merrimack No s 28.92 s . Proiect deferred until 2019 SI EM Aooliulce AD11Tf>O'.llte Real-time monitorinl!: of svstem alerts and lol!:S n/a 2019 Docket s 26 000 s s - s - s - Merrimack No i 28.92 s - Pro'ect Cancelled due. to reduced need The assimilation of multiple new Windows Server licenses from multiple projects into one Enterprise Wmdow..s Seever Llcens.inu Reriewt1l Puccb.ase Wuidaw..s server for virtual servers 1813466 2019 Docket s - s - s 22925 s 22 925 i 22.925 Meuimack No s 2892 s - License to covet all vittualse.rvcrs. ProiecLE'lnished AD Ch<>n...,, Auditor Needed to track chan~es to Authentication Server n/a 2019 Docket s 4000 s 4000 s . s - s Mecrimack No s 28.92 s . Due 10 the ficcnWm modd movinJ[ (ram Pufdlnc. tn ~bV"l'int~n bt$Cd this will ~ ~ cmauc 11C:m.. Fife Scn~r R.eolBCCttlC"f'lt Reolacc older hacdware n/o 2019 Docket s 13 000 s s - s s . Merrimack No s 28.9.2 s Pro'ect Cancelled dut=to rt'dua!d need Sroraiz.e Uag-rade Reolace. non-s.imnn.c:ted bardwaie and increase soeed 1817426 2019 Docket s 70 000 s 52.000 i .52000 s 43 785 s 45 197 Merrimack No II 28,92 s - Prqi.e.c:t Comolete Mums FER.Enhancements Ntt'C..l<'d u Bu.slnw DC'.00:$$ c:h;antl't'! n/a 2019 Docket s 64000 s 64000 s 64 000 s s - Meo:imack No $ 28.92 s Pc.oiec.t dclerced until 2019 Oiclc Mobile hoolw;on Ctc~ Needed as Business orocas ch;anae n/a 20.19 Docket $ 30000 $ 30000 s 30000 s s - Mer.rimack No J 28.'J2 5 Defeaed to 2019 1702223.1707189 Oick.Mohile. Move t.o iPads Move to a more fimctiooal device & LB07440 2019 Docket s 140 000 s 140000 s 140000 s 140 000 $ 249.378 Merrimack. No s 2892 s - Hardware aurchas.e.s. and C:ontractot cha.rqes Addiriooal il' for Meter Terhs Confitr!.Jra.tion :tnd Cmlovrncnt of 6 ~~ 1825224 2019 Docket s s . s 6 000 s 6 000 s 4680 s t.mnlcmenl Cm1omcr Bab.nccs t)\'et 1hc nhon~ rmorovcd Cuttomtt &noicc F'ft'V"ricnc:c 2019 Docket s 4 000 s 4000 s - s - s . Merrimack No s 28.92 s Deferred until 2019 Miscellaneous Hardwue Run Rat.e ceo.lao;ments. 2019 Docket s 15000 s 15000 s 2.500 s 2500 II Me.rrimaclt No s 2892 s . Mis1:elllMOU' Hm.rdw.1.tc Putchllc ndwork twilch for rott mu1inn•tm M:mche.s1a Suut 1813280 2019 Docket s s - s 4 203 $ 4.203 s 4.203 Merrimack No $ 28.92 s Miscellaneous Hardw.11c Cudc/\V:trc l...sotooi 1818947 2019 Docket s s s 4.642 s 4642 s 4642 Merrimack No s 28.92 s R- .. 1ccd da.Jcrnnt- Al~·• fot cemorc ~cau via VPN :Miscellaneous Hardware Rrolai:emcnt Prin.t:et - FncinPPrina 1817lli 2019Docket s - $ 2249 s 2.249 s 2.249 s 2249 Mcrrimac:k No s 28.92 s Rmb1ee failed enninte'.'rintr orintu MlKl:'Uitncow Softw:ur Run R::iilc (l"nbn:cmcnrY n'• 2019 Dock« s 1'-000 s 12000 s 12.000 s Mminud No s 28.92 s Ne alans-fot the ces!: o( the. vear. Will reuuest from continP:encv fund if somethinP' comes uo UMSunot:>dc Allow (o r l!lcctJOnl,o D,112 O,llmU>n in 1hc Field 1817795 2019 Docket s 11 000 s 6000 5 6000 s 6 000 s 939 Merrimack No s 28.92 s . Na ad.ditioaaloroiect costs exuected ~ l'hv;idl Scnrn

2018 QCPAC Additions Pennichuck W.ater Works, Inc. QCPAC Filing OW 19-xxx Exhibit2 Projected 2019 QCPAC Capital Expenditure& 2/9/'JfJ19

QCPAC Estimated Estimated Estimated EUgiblc Financing Approved Project Cost aa of Project Coat as of Project Cost 118 of Final Project coat Property Tax Project Name/Deacription Project Deacription Work Order# Docket No. Budgeted Amount 6/30/2018 9/30/'JfJl8 11/30/2018 •• or12/31/'JfJ18 Community Taxable TaxRatc(l) Expense Explanation for Change/Addition/Deletion aince 1/30/2018 r-bt:c-.ilda.k ·-...... M.Jtert111 M:;ain omcc Co n'IOU!t>B 11rc 7 'c:lB OJd uwJ runttlno 01'1 unsu ...... ••rtrd \Vandows 7 nlatform 1820498 2019 Pod<« s - ~ - s 41 2£1 s 41267 s 49614 Mcrrirrad< No s 2.8.92 s . Moved o.....__ from 2019 ro 2018 Omc:c J6S Exc:hanac Mi....,tion Off.a: 365 Uxc.h; noc ~ U N .aoalirmcc w brtt.::i:: SIJ"'l"d Cr""" ><•d Doo<·\Vll' rrocen Am1 n..;.,., 1814354 2019Docket s - $ I - s s 12412 Nashua Yes s 27.81 s 345 New Virru~ 5'.r.'Cr Nl:W Virtual Sccver 1819083 2019 Docket s - s s s s 16 321 Merrimack Yes $ 28.92 s 472 RonbccVFD Rmbcc Vl'D OooSldron ond Di''"'"' Rccov""' Devitt 161 72lll 20190ododtt s s I s - $ 2.408 Pblu:ow Yes $ 2&.93 $ 70 SCA.DA S.'Oltrn Unoc.atle \Vfl' • 20 18 l'f'nt1ta: !!II SCADA ...... _•1tti and umtr.:adcsVsu:m 1813303 2019 Docket s s - I s 20642 ~°'21hu~ Yes s 27111 s 574 Anlhct":U W.11111:r Svincm Btn11n.si.on .Melen ':!Ind R.11dtos ll!068J2 2019 Dock« s s . $ s '$ 16646 Amht:t!I Yes s Jt.59 s 526 Mr:t:tti and ~ios for f'F'Oi\ cunomc-rt in Amhm:t 1135)-Sctvi Nashua Yes s 27_B1 s 15.485' above The H held in retainaire will need to be recovered. in 2020 OCPAC Projected Propr:rty Tu Expense aaeociatcd with s 10 008 000 $ 9 102 095 $ 6 807 006 $ 8 600 675 s 8,229,377 2018 OCPAC uroicclll • s 198 464

1 ~ Tax rate is the sum of the local community rate plus the Statewide Utility ta.i: rate ofS6.60/$1000 Total PWW Capex for 2018 - 8,229,377

2018 QCPAC Additions Pcnnichuck Water Works, Inc. PWW QCPAC Filing DW19-xxx Exhibit 2 Projected 2019 QCPAC Capital Expenditures Page 3 2/9/2019

QCPAC Eligible Financing NHPUCOrder Date of Approved QCPAC Property Tax Project Name/Description Project Description Work Order# Docket No. No. NHPUCOrder Budgeted Amowit Eligible? Community Taxable Tax Rate (I) Expense Explanation for Change/Addition/Deletion since 2/9/2019 New Services (1 m Sinllle F2mil• Owner Build New Home:i OW1 7- 183 26,101 212/2018 s 46,000 Yes Various y.,. s 28.8) s 1.327 Ra'"'"'"'ll &McCs r2lll Rcolocemont of f1lilod •ervlccs DW17-183 26,101 2/2/2018 s 92.000 Yes Various Yes s 28.85 s 2654 H1-dmnu(U)) Rcpltccmcnt of non functional hydranu DW17-183 26,101 2/2/2018 s 50000 Yes V:iriou• Yes s 28.85 s 1443 Cat"' 110\ Rcnllccmont of Flilt:d Cote Va1v.,. DW17- 183 26,101 2/2/2018 s 40,000 Yes v.nous Yes s 28.85 s 115-1 Rnrllos 1"27Slll Rcnlocr out of w11n:u1tce foiled nidio meter !'Ciders DW17-183 26, 101 2/2/2018 s 2751100 YCJ Voriota Yd s 28.85 s 7,934 Mcum ICmwth) 5/8"-2" - Co~ & (;\'(IS 1480\ Mc1cn IGrowthl 5/8''.2" - Core & CWS 1480\ DW17- 18l .26, 101 2/2/2018 s 48,000 Yes Various Yes s 28.85 s 1.385 Mctco S/8" -6" J..c.id Mctci; '&clumoe - Con: & CWS ""'"" Meter> 5/8"-6" Lc:ad Meter fuchw'"'. Cote & CWS nrnn OW17-183 26101 2/2/2018 s 300000 Yes Variou.< Yes s 28.85 s 8.655 Entnnce Sccruritv G2~t & Pc:r.im~lcr Fence Entnnce S=nt\' c.,., & Perimeter Fence DW17-183 26,101 212/2018 s 75000 ,... M.mm.ick Yes s 28.92 s 2 169 ·Rcolacc 13 vt Vac Tnilor . S.fcrv & Mo.i1tt isroc Rcolocc 13 vr VocTrailct - S.fer~& Mo.int usuo OW17-183 26,101 2/2/2018 s 100000 Yes Merrimack Yes s 28.92 s 2.$92 l'rotcctus Meter Un.,,.dc So>tbrqok Rd l'rorcctu• Meter Unondo OWl7-183 26,IOJ 2/2/2018 s 21000 Yes Nashua Yes s 27.81 $ 584 Gilm•n Si=r Rcnlacc 1470 LF of 8 uich 0 with 12 inch Dll'CI. DW17-183 26,101 2/2/2018 s 550000 YCJ Nashua Yes s 27.81 s 15.296 l!lmStrccr Reolllcc 875 11' of 6 indo Cl with 12 inch D!PCL OW17-183 26, 101 2/2/2018 s 559.350 Ycs NOL!hu2 Yes s 27.81 s 15556 Monroe Strrtt • -lace 310 LF of 4 inch C:I \\;lh 8 web OJPCI. DWl7-183 26101 2/2/2018 s 122,2.70 Yes Na!hll.3. Yes s 27.81 s 3400 W. r ..r1 Street Rcnla Yes s 27.81 s 6,88l West HoU1$ Strett Check Volvc ·r;t ln•oll al the int of W. 1lotli• St ond Panther Dr. D\Vl7-183 26101 2/2/2018 s AAIHI y.,. Nubua Yrs s 27.81 $ 2,447 NWS hnmovcmonu - MmchatcrStrcct Add 2700 I.I' of 2·1 inch Oll'CI. on M-.nch,.rcr SL s 660000 y.., Nashua Yes s 27.81 s 18.355 1'"VS lmoruvcmcnu -Route lOIA and Rourc 121 (Amltcrstl 1\dd 2200 LI' or 12 inch DIPCL to dose lonn s 550,000 Yes N:u.buo Yes s 27.8 1 s 15.296 NWS lmurov<'ffiCDU · Ttnkcr Rmd Rc:ol•ce 825 LF of 16 iueh AC with 825 LF'of 24 mch DIPCL DWGTF s 5??.,50() Yes Nashua Ye< s 27.81 s 14.531 NWS lmgruvancnu - Dtcrwuod Drive & Amherst Sc hu=odion R"'bec 1300 LF of 12 &1ch AC with 1300 U' of2·1 tndt Oll'CL Financing s 467 -;on YCJ Nuhll.'l YCJ s 27.81 s 13001 NWS lmon>vcn1cn11 • Oeer.vood D r. Non hwCJ t Blvd Loon Add l4110 LF nf2(J inch HDl'f. in.dudin2 RR oine i>ckin2 s 63S 800 Yes Nuhu• Yes s 27.8 1 s 17682 l'-"VS Improvements Poncmah Rd/Route 101 1\ l.nop Add 2200 LI' Of 12 Inch DIPCL to close rwo l<>on llllior dc:ld emu s 484 000 Yes Nuhu• Yes s 27.81 s 13,460 Cin1 of Nashua Sewer - Chase Stcttt Reuhtcc. 470 LF of 6 inch Cll' with 470 LI' of 6 inch Dll'CJ. OW17-183 26,101 2/2/2018 s 176.000 y.., Nashua. YCJ s 27.81 s 4 895 Ciro• nf N".. 1 .. .., Scll'dcli11 2 Consultino OW17-183 26,101 Z/2/2018 s 36.000 Ycs V:ariou.1 No s !Asset Moru>....,,ent Trimble R2 Unit> Trimble R2 Uuiu 0\'(117-183 26,101 2/2/2018 s 14,000 Yrs V:uious. Yes s 28.85 s 404 lnYC1Ltmcnt in dcvcloor:r iosUtillOO .Jervkes u J;gnnuAI rt."Vrnul!. Per r.uilf DW17-183 26, 101 2/2/2018 s 60000 Yes Various Yes s 28.85 s 1,731 l"->wcr D:un rcconsuuctlon -:tnd crutm«rinu: Bower D2m rc:ccmJtrucdon and cncinccrit11t. DW l7-183 26,101 2/2/2018 s 25000 No ~fc:nimack No s . Desion f.n<>inccrin• Won lloostcr Pumn rmlaccmc:n t /n:b u~d Boo"cr l'umo 1L'lllocctntn1/rebuild DW17-183 26,101 2/2/2018 s 40000 Ycs Various Yes s 28.85 s 11 5-1 Woll Pump m>loccmcou Well Pumo m>l2ccmcnu DW17-183 26,101 2/2/2018 s 15000 YCJ Vuiow Yes s 28.85 $ 433 Chomioil r'ecd oumo rcnloccmcn,. Cbcrnicol l"ccd oumo rcnla~cm• D\'(117-183 26,10 1 2/2/2018 s 10000 y., Vuiou5 Yes s 28.85 s 289 Uo~,,,.de SCADA histormn software new h.mlwarc: uo2T1tdo SCADA hii<1otiat1 sof1W2re new h:udW2rc DW17-183 26,101 2/2/2018 s 150000 Yes Vanous Ye1 s 28.85 s 4.328 Twin Ridoe rebuild softener ow rcro uuaill nidon rr .. tment Txvi_n Rjde-e rr:build soften.ct svstcm. install radon trc:;umcm DW17-18l 26,101 2/2/2018 s 50000 Yes Plat!tOW Yes s 28.85 s 1.443 IVftte Srructura1 lmprovcmcnt5 Mlsc. S1ruciura1 ltnocovtmon!S OW17-183 26,101 2/2/2018 s 20,000 Yes Vuio~ Yes s 28.85 s m I\ilisccllmne!OUi Ec:iuinmcnt Pu~c:h:ti:,:cd Misi:cll•nceu• F.cuinmcnt l'urcb.. cd DW 17-183 26,101 2/2/2018 s 17.500 Yes Vanou• Yes s 28.85 s so:; MisccU•ncous SCADA/Elocuicol IVfl$cclbneous SCt\Oi\/Eltctric•I DW17-183 26,101 2/2/2018 s 30000 Yes Variolll Yrs s 28.85 s 866 wrP Stnoctur>l/HVAC \Vl"P S11Ucrur:al/INAC DWl7-183 26,101 2/212018 s 10000 Yes N:uhU.11 YCJ $ 28.85 s 289 l'urdt••c now lab oouiPmcnt Putth.. c new lob r clu&n<>COut-lilt.,.. I & 2 DWl7-183 26,101 2/2/2018 s I 000000 Yes N~•hua Yes s 28.85 s 28 850 Add 31d oumo 01 Main Dunoioblc lloosu:r m>loce 1 c•lsrin~ Add 3rd owno 111 o\lcr Fann booster numn nackaoc Rtnllct 20 \.....:I old nr1c:h~t boost.er s.mticln ownns und oinina ..Pmiru~ is ; ittl \vhich 3 b~nuurn m nil DW17-183 26,101 2/2/2018 s 75000 Ycs Nulu.12 Yes s 2885 s 2 16'! Stumo l'ond Subw11tC111hed •uCJSmenr Srumo l'ond Subwo1mhed ..scumcn 1 DW17-183 26,101 2/2/2018 s 2SOOO No Mcninuck No s - Studv - Amort.iincorina ond Ocsil!n Public Education -Wota;sbcd sil!tl>l!C Public l'duc:mon -Wotcahed •11!11"1!t' DW17-183 26,101 2/2/2018 s 20nnn YCJ ~ i crrlrn:ick Yes s 28.85 s m Rcnl•Cl.'. 2 H•ch Turbidimeters ond ...om tod Cot M~in Oflicc DW17-183 26,101 2/2/2018 s 14000 Ye• Mcrrim::ick No s ... v~ . ~v • ... -- vi KVM for Data Ccotor "'. .. DW17-183 26.101 2/2/2018 s 2.500 Yes Merrimack No s - !OS Choreiuo Smcioo Ch2.roma Statiun for mul riple iPads to allow for un=1lcs •ems• multiple devices concuncntlv. DW17-l83 26 IOI 2/2/2018 s 1200 Yes Merrimack No s DU!ltal 5;..,,.,. fur Dimibution D i~r.tl Sign•JtC for Distribution a1lowln11 not,iccs ond schedule> to be more promincotl1• ditpb\-ed DW17- 1&3 26,IOt 2/2/2018 s 2,000 Yes Merrimack No s - VOi Pilot A allot to determine whether a Virtual DC1ktoo Infrastructure would be feasible (Qr aur cnviruomctll DW17-183 26.101 2/2/2018 s 12..000 Yd 1\fcnimack No $ - Misc H11rd\V.UC M;sc Hardware D\'1117-183 26,101 2/2/2018 s 20000 Yes .Wcnimack No s - Misc Softwor• M.isc Sofn...rc DW17-l83 26101 2/2/2018 s 12000 Yes Mcn:imodc. No s . Wtbsitc unDl"2dcs Wcb>ite un~des DWl7-183 26, 101 2/2/2018 s 8Jl00 Yes M•rtimack No s lmplcmmt Cu.stome:r Bil.::a.nccs over the phone Implement Customer Baanccs over tloc ohone DW17-183 26101 2/2/2018 s 4 000 No Mcrrlmat~ No s Penniehuck Water Works Proic«cd 20191'olll.I Caoiral Eimcnditurc Budoct - s 14 978 170 QCPAC projects • $ 416 669

1, Tax rate is the sum of I.be local community rate plus I.be Statewide Utility tu rate of $6.60/$1000 Total Projected PWW QCPAC Capex for 2019 - $ 14,908,170 Amowit funded by SRF/DWGTF - $ 8(119,800 Amowtt to be funded by 2020 Bond Issue - $ 6,088,370

2019 QCPAC Budgel Pennichuck Water Works, Inc. PWW QCPAC Filing DW 19-xxx Exhibit2 Projected 2020 QCPAC Capital Expenditures Page 4 2/9/2019

QCPAC Eligible Financing NHPUC Order Date of Approved QCPAC Property Tax Project Name/Description Project Description Work Order# Docket No. No. NHPUCOrder Budgeted Amount Eligible? Community T axable TaxRate (1) Expense Explanation for Change/Addition/De letion since 2/9/2019 New Si:f\.;CC• (10l Sinltlc F:unilv. Owner Bu~d New Homes D\Vl7-183 26,101 2/2/'Ji)l 8 s 46 000 Yes Various Yes s 28.85 s I 327 R011cwed Services 120) Reolacement of failed services DW17-183 26.101 2/2/2018 s 92.000 Yes Various Yes s 28.85 s 2654 flvdnllC - Core & C\VS (1000) DW17-183 26101 2/2/2018 s 100000 Yes VariOU!i Yes s 28.85 s 2.885 New Utilitv Vehicle (2) New Utilitv Vehicles to reolace existinit hi2h milave/ maintenance vehicles DW17-183 26,101 2/ 2/ 2018 s 130000 Yes Mecrimack No s 28.92 5 - New Utilitv Van (2) New UtiltvVans 10 '""lace cxi.vina from orio< vc:ir main n:oloccmcnt DW17-183 26,101 2/2/2018 $ 1.012,000 Yes Nashua Yes $ 27.81 s 28144 BmokStreet Rcol•cc 225 LF of 4 inch and 915 LF o f 6 inch Cl with 114-0 LF of 8 inch DIPCL DW17-183 26,101 2/2/2018 s 422 730 Yes Nashua Yes s 27.81 s lt,756 Hamilton Street RCDlacc 410 LF of 6 inch CI with 4 inch 011'0. DW17-183 26,101 2/ 2/2018 s 97130 Yes Nashua Yes s 27.81 $ 2 701 i\sh Sucet Reolace 510 LF of 6 inch CI with 8 inch DIPCL DW17-183 26,101 2/ 2/ 2018 s 191 510 Yes Nashua Yes s 27.81 s 5,326 Burritt Street lleolace 425 LF of 4 inch CI with 8 inch DIPCL DW17-183 26101 2/ 2/ 2018 $ 157 080 Yes Nashua Yes $ 27.81 s 4368 Burritt Street Renhre 125 LF of 4 inch CI with 4 inch DIPCL DW17-183 26.101 2/2/2018 $ 43 010 Yes Nashua Yes 5 27,81 s 1196 Verona. Street fu:nhrr 675 LF of 6 inch Cl with 8 inch DIPCL DW17-183 26.101 2/ 2/ 2018 s 251130 Yes Nashua Yes $ 27.81 s 6984 Sarasota Ave ltmlacc 250 LF of 6 inch Cl with 8 inch DIPCL DW17-183 26.101 2/2/2018 s 92,620 Yes Nashua Yes s 27.81 $ 2.576 Alld Street lknl•cc 1860 LF of 6 & 8 inch Cf wilh 12 inch DJl>CL DW17-183 26,101 2/2/2018 $ 966 570 Yes Nashua Yes s 27.81 $ 26880 Lawndale Avenue R.,.,locc 1085 LF of 6 inch Cl with 12 inch DIPCL DW17-183 26,101 2/2/2018 s 546 920 Yes N"'hua Yes s 27.81 s 15210 ravlor Road O.vnn 51 to f~ficld St) llcolncc 725 LF of 8 111ch CI with 12 inch DO>Q. DW17-183 26,101 2/ 2/2018 s 365,750 Yes Nashua Yes $ 27.81 s 10.172 Tcmolc St (south to irormon) Reolace 900 LF of 8 inch CI with 12 inch DIPCL DW17-183 26,101 2/2/2018 $ 457160 Yes Nashua Yes $ 27.81 s 12.714 School Street ( Hil!:h t.o \V. l'co.d i\llcvw•v) R"!llacc 400 LF of 4 inch .er wilh 8 inch Dll'O. DWl7- 183 26,101 2/2/2018 s 151140 Yes Nashua Yes- s 27.81 $ 4203 \Voter Main 'Rcoloccmcnt - Citv Sewer Proiccis Rcolaccmcni of various sections of Cl oioc DW17-183 26,101 2/2/2018 $ 550 000 Yes Nashua Yes $ 27.81 $ 15296 Kc!iSlcr F:trm Tank Rcolaccmcnt Kessler Farm Tank Reolacement DW17-183 26,101 2/2/2018 $ 3.388 noo Yes Nashua Yes $ 27.81 $ 94.220 Rmlacc EnoinC<"nn1t l'ickuo Reolace Pickuo with > 150.000 miles DW17-183 26,101 2/2/2018 $ 35000 Yes Merrimack No $ 28.92 $ - R""'l•ce Enoinccrin1t SUV Replace SUV with> 150 000 mil"-" DW17-183 26,101 2/2/2018 s 30 000 Yes Merrimack No s 28.92 s - ln\'Cihnertl in dcvclopc.r inst.a.lied services at 1xannual revenue Per tariff DW17-183 26,101 2/2/2018 s 60 000 Yes Various Yes s 28.85 s 1.731 Bowcr'5 Dam reconstruction Bower:;; Dam reconstruction DW17-183 26,101 2/2/2018 s 900 000 Yes Merrimack Yes s 28.92 s 26028 \vrP Perimeter fmcc \VL"P Pcrimolcr fence DW17-183 26.101 2/2/2018 $ 80000 Yes Merrimack Yes s 28.92 s 2314 Booster l'umo rcolatcmcnt/r"build Bonner l'umo rcolaccmcnl/rcbuild DW17-183 26,101 2/ 2/2018 $ 55000 Yes Various Yes $ 28.85 s 1 587 Well Pwno teolacements Well Pumo reolacernents DW17-183 26.101 2/2/2018 $ 18 750 Yes Various Yes s 28.85 $ 541 Chemical 1:ccd numn rcot~cemcnr.s Chemical Feed oumo reolacements DW17-183 26,101 2/2/2018 s 15 000 Yes Various Yes $ 28.85 s 433 Tnstall/reolace LCd Misecll~ni:cus Emcn1 Purch:iscd DW17-183 26,101 2/ 2/2018 s 17 500 Yes Various Yes s 28.85 s 505 MisceUaneous SCADA/Electrical Miscellaneous SCADA/Electrical DW17-183 26,101 2/2/2018 s 27 500 Yes Various Yes s 28.85 $ 793 Well Rehabilitation Well Rehabilitation DW17-183 26,101 2/ 2/2018 s 40000 Yes Various Yes s 28.85 s 1154 wrP Strucrur:d/ITVAC wrP Structural/HVAC DW17-183 26,101 2/2/ 2018 s 7500 Yes Nashua Yes s 27,81 s 209 Purchnsc new lab eauiomcnt Purchase new lab eauioment DW17-183 26,101 2/2/2018 s 15 000 Yes Nashua No $ 27.81 s - Misctll•neou~ Fencin" and Sccuritv nroiecr.s Miscellaneous Fencin~ and Security oroiects DW17-183 26,101 2/2/2018 s 7 500 Yes Various Yes s 28.85 s 216 Rcolncc Vehicle Reolace Vehicle DW17-183 26,101 2/2/2018 s 65 000 Yes Nashua No $ 27.81 s - Replooc Vchidc Replace Vehicle DW17-183 26,101 2/2/ 2018 s 65 000 Yes Nashua No s 27.81 s - Rcolace Vehicle Reolace Vehicle DW17-183 26,101 2/ 2/2018 $ 40000 Yes Nashua No s 27.81 s - Reolace Vehicle Reolace Vehicle DW17-183 26,101 2/2/2018 s 40000 Yes Nashua No s 27.81 s - Carbon Media chonucout · filters 3 & 4 Carbon Media chaniteout - ftlters 3 & 4 DW17-183 26,101 2/2/2018 $ 1000000 Yes Nashua Yes $ 27.81 s 27.810 Arsenic treatment to re•nnnd to new MCL /\rscnic trc:umcnt to resoond lo nllw MCL DW17-183 26,101 2/2/2018 s 15 000 Yes Various Yes s 28.85 s 433 Vo.riou< IT Proiects Maintain and replace ~o-ino- software and hardware DW17-183 26101 2/2/2018 5 300 000 Yes Merrimack No 5 28.92 $ Penn.ichuck Water Works Ptoiccted 2020 T ot:d Capital Exocndi turc Bud2c1 - $ 12 461,750 QCPAC 1>roiects - $ 326 226

Total Projected PWW QCPAC Capex for 2020 - $ 12,461,750

1. Tax rate is the sum of the local community rate plus the Statewide Utility tax rate of$6.60/$1000

2020 QCPAC Budget Pennichuck Water Works, Inc. PWW QCPAC Filing DW19-xxx Exhibit 2 Projected 2021 QCPAC Capital Expenditwes Page 5 2/9/2019

QCPAC Eligible Financing NHPUCOrder Date of Approved QCPAC Property Tax Project Name/Description Project Description Work Order# Docket No. No. NHPUCOrder Budgeted Amount Eligible? Community Taxable Tax Rate (1) Expense Explanation for Change/Addition/Deletion since 2/9 /2019 New Sci:vices (lO) Sin"le Familv Owner Build New Homes l'urore FinancinJ? Petition $ 46 000 Yes Various Yes $ 28.85 s 1.327 Renewed Services (20) Renlacement of failed services Fururc Financing Petition $ 92000 Yes Various Yes $ 28.85 $ 2 654 Hvdrants. f10\ Reolacement of non functional hydrants (Run rate\ (8 YTD\ Future flinancing Petition $ 50000 Yes Various Yes s 28.85 $ 1.443 Gntcs (JO\ Reolaccmcnt of Frul.ed Gaie V:il.ves Fururc Fin:ancing Petition $ 40000 Yes Various Yes $ 28.85 $ 1.154 Radios (2750) Rcofacc out of warrantce faik.' hi"n mi1°~/maiotenance vans Furore f' mancinJ? P~tition $ 70 000 Yes Merrimack No $ 28.92 s - Protectus Meter Uottrndc Protectus Meter Un~ade Future f'linn nc:inJ? Petition $ 22.000 Yes Nashus Yes $ 27.81 $ 612 New Vac/ Valve Trailer Reolacement of lOvr old Vac for safety & Maintenaoce Reasons Future FinancinJ? Petition $ 70 000 Yes Merrimack No $ 28.92 $ - Residual oavin2 from prior vc:ar mnin ttnlacemcnt Residual navin" from nrior vear main reolacement Future FinoncinJ? 'Petition $ 653.350 Yes Nashua Yes $ 27.81 $ 18170 Benson Avenue Reolace 550 LF of 4 inch CI with 8 inch DIPCL Future Financing Petition $ 210 650 Yes Nashua Yes $ 27.81 $ 5.858 Soauldin2 Street Reolace 950 LF of 6 inch CI with 8 inch DIPCL Future Financin2 Petition $ 362 450 Yes Nashua Yes $ 27.81 $ 10080 Alstead Avenue Rentoce 240 LF of 4 inch CI with 4 inch DIPCL Future Financing Petition $ 80 300 Yes Nashua Yes $ 27.81 s 2.233 Sonl~.di.011: Avenue Reolace 430 LF of 6. 2 & 1.25 inch CI with 4 inch DIPCL Fururc l'mancing Petition $ 104 720 Yes Nashua Yes $ 27.81 $ 2.912 St Lazare Street Reolnce 415 Ll' of2 inch Cl with 4 inch DIPCL Future Pinanc:inJ? Petition $ 100.980 Yes Nashua Yes $ 27.81 s 2 808 [mralls St !St Camille to eod) Renlace 200LFof1.5 inch CI with 4 inch DIPCL Future Financing Petition $ 48 730 Yes Nashua Yes s 27.81 $ 1.355 N vc 1\ venues Reolace 400 LF of 2 & 1.5 inch CI with 4 inch DIPCL Future Financing Petition $ 96140 Yes Nashua Yes $ 27.81 $ 2.674 ConP Street Reolace 350 LF of 6 inch CI with 8 inch D IPCL Future Finnnc:inJ? Petition $ 136 620 Yes Nashua Yes $ 27.81 s 3 799 Grav Avenue Rcoll1ce 360 LF of 6 inch CI with 6 inch DI PCL Future flinancinJ? Petition $ 112 530 Yes Nashua Yes $ 27.81 $ 3 129 Coburn Woods (oil side streets) Rcnlace 4400 LP of 2 inch PVC with 4 inch DIPCL Future Financing Petition $ 1,320 000 Yes Nashua Yes $ 27.81 $ 36.709 Cilv Sewer l'roiccts Rentor• Cl with DICLP Future FinancinJ? Petition s 550 000 Yes Nashua Yes $ 27 .81 $ 15 296 Sawver Str.eet Reolace 1600 LF of 6 inch CI with 12 inch DIPCL Future flinanc:ing Petition s 528000 Yes Nashua Yes $ 27.81 s 14684 Woodward Street Reolace 360 LF 8 inch CI with 470 LF 8 inch DIPCL Furore Financial! Petition s 155 100 Yes Nashua Yes $ 27.81 s 013 Blosson Street Renlace 2400 LF of 6 inch CI and 8 inch CI with 2400 LF of 8 inch DIPCL Futur~ Financinit Petition $ 792 000 Yes Nashua Yes $ 27.81 s 22026 Linwood Street Reolace 960 LF of 6 inch CI with 8 inch DIPCL Future Pinancing Petition $ 316 800 Yes Nashua Yes $ 27.81 $ 8.810 Balcom Street Reolace 1240 LF 6 inch CI with 1240 LF 8 inch DIPCL Future FinondnJ? Petition $ 409200 Yes Nashua Yes $ 27.81 $ 11380 Euclid Avenue Reolace 425 LF 6 inch CI with 425Ll' 8 inch D IPCL Future Financing Petition $ 140 250 Yes Nashua Yes s 27.81 $ 3.900 l'llicvicw Street Rcolace 800 LF 6 inch CI with 800 LP 8 inch DIPCL Future Financing Petition $ 264 000 Yes Nashua Yes $ 27.81 s 7,342 Sat2ent Street Renl•re 1900 LF 6 inch CI with 1900 LF 16 inch DIPCL Future FinancinJ? Petition s 627 000 Yes Nashua Yes s 27.81 s 17 437 Cour~and Street Rcolncc 1170 LF 4 inch CI with 1170 LF 16 inch DJPCL Future Financing Petition s 386100 Yes Nashua Yes $ 27.81 $ 10 737 Rcoloc:e Enl!inccrim! Pickuo Reofncc Enttinccrinll Pickun with > 150 000 Miles Future Fi.nincinJ? Petition $ 36,000 Yes Merrimack No $ 28.92 $ - Uetil~cc Enl!inccrine SUV Renlace Eo<>ineerin" SUV with > 150 000 Miles Future Financinl! 'Petition $ 30000 Yes Merrimack No $ 28.92 $ Milford Booster Station Rcolacc/Rclocatc /Uo~r:ru:lc the Milford l3oostct Station (>2MGDl Future Financing Petition $ 660 000 Yes Amherst Yes $ 28.85 $ 19.041 lnvestmcn1 in dcvcloocr irumillcd services nc 1 and Sc.c ucilv nroiccts Future f'r.nanc:inJ? Petition $ 10000 Yes Various Yes s 28.85 s 289 Replace Vehicle Renlace Vehicle Fururc FinancinJ? Petition $ 65000 Yes Nashua No s 27.81 $ - Rec !:tee Vchicle Reolace Vehicle Furore Financin11: Petition $ 65000 Yes Nashua No $ 27.81 $ - Reolace Vehicle Renlace Vehicle Furore FinancinJ? Petition s 40000 Yes Nashua No $ 27.81 s - Rcplocc Vehicle Renlace Vehicle Future f'1in2ncin2 Petition s 40000 Yes Nashua No s 27.81 $ - Cai:bon Media chan"eout - filters 5 & 5 Carbon Medin cban"cout - fihcrs S & S Future Financing Petition $ 1000000 Yes Nashua Yes $ 27.81 $ 27 810 Vnrious nroiccii; Various nroiects f'lulure FinancinJ? Petition s 300 000 Yes Merrimack No $ 28.85 $ Reol:tcemcnt. of CMMS Svstcm /Svncr"cnl Rcnlaccmcnt of CMMS Svstcm IS"nor1>en) Future Finnncin2 Petition $ 1 000.000 Yes Merrimack No $ 28.85 $ - Pennichuek W111er Works Proiec1ed 2021 Total Caoillll Exocndinue Bud1>et - $ u 897 670 Proicctcd Prooertv Tax Exocnse 11ssocia1ed with $ 280-650

Total Projected PWW QCPAC Capex for 2021 - $11,897,670

1. Tax rate is the sum of the local community rate plus the Statewide Utility tax rate of$6.60/$1000

2021 QCPAC Budget