View:
United States securities and exchange commission logo
October 13, 2021
Daniel J. Schuller
Chief Financial Officer
Essential Utilities, Inc.
762 W. Lancaster Avenue
Pryn Mawr, Pennsylvania 09101
Re: Essential
Utilities, Inc.
Form 10-K for the
Fiscal Year Ended December 31, 2020
Form 8-K filed
February 25, 2021
File No. 001-06659
Dear Mr. Schuller:
We have reviewed your October 1, 2021 response to our comment
letter and have the
following comment. In our comment, we may ask you to provide us with
information so we may
better understand your disclosure.
Please respond to the comment within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comments apply to your facts and circumstances, please tell us why in
your response.
After reviewing your response to these comments, we may have
additional comments.
Unless we note otherwise, our references to prior comments are to
comments in our September
9, 2021 letter.
Form 8-K filed February 25, 2021
Exhibit 99.1, page 1
1. We have read your
response to prior comment 1 and continue to believe that your current
presentation of the
non-GAAP measure, Adjusted Income, substitutes individually tailored
recognition and
measurement methods for those of GAAP. Please confirm to us that in
future filings, you
will not include an adjustment to provide full-year 2020 run rate of
People s operating
results, including additional net interest expenses, to show the effects
of the Peoples
acquisition as if this transaction closed on January 1, 2020 in your
presentation of
Adjusted Income.
Daniel J. Schuller
Essential Utilities, Inc.
October 13, 2021
Page 2
You may contact Joanna Lam at 202-551-3476 or Steve Lo at 202-551-3394
with any
questions.
FirstName LastNameDaniel J. Schuller Sincerely,
Comapany NameEssential Utilities, Inc.
Division of Corporation
Finance
October 13, 2021 Page 2 Office of Energy &
Transportation
FirstName LastName