Essential Utilities, Inc. (NYSE:WTRG) Q1 2024 Earnings Call Transcript

And so, we take that as a little bit of vote there in optimism. That would be a nice addition. In Delaware County, they – where this DELCORA exists, they raised taxes last year and there was talk about raising taxes again this year. We’ve taken that as an opportunity to reengage with the elected officials in the county and just to remind them that there are significant proceeds associated with closing this transaction. And might they consider reengaging on a settlement discussion and then letting the need for a tax increase go. So I would say that, that discussion is ongoing. So always something happening on DELCORA, but remember that the key gating factor here is we have a stay on the process by a Federal Bankruptcy Court Judge that is not associated with the transaction itself, but the bankruptcy of the City of Chester or some of the assets of DELCORA lie, we’re still waiting for action on that, but we continue activity in the background.

Gregg Orrill: Okay, I appreciate the update.

Operator: Thank you, Mr. Orrill. Ladies and gentlemen, we don’t appear to have any further questions. I’d like to turn the call back over to Mr. Chris Franklin for any additional or closing remarks. Thank you.

Christopher Franklin: All right. Thanks, folks, for joining us. And as always, Brian, Dan, and the team stand ready to answer your follow-up questions, should you have any. Thanks for joining us today, and have a great weekend.

Operator: Thank you very much. Ladies and gentlemen, that will conclude today’s presentation. Thank you for your attendance. You may now disconnect. Have a good day and good-bye.