2024-11-14T15:02:48-06:00 2023-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-01-01 277004970 PNG COMPANIES VEBA PNGC 4122086631 762 W LANCASTER AVENUE BRYN MAWR PA 19010 ROBERT A RUBIN CONTROLLER 4122086631 2024-11-14 1 0 ERIN F WOOD P01710275 4122613644 2023 2024-10-15 13:58:12Z ROBERT RUBIN 762 W LANCASTER AVENUE BRYN MAWR PA 19010 653161 0 X N/A X 2010 NY PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS 1 1 0 0 150573 110327 0 0 982654 0 2034906 653161 0 0 3017560 653161 0 0 1349959 430670 0 0 0 0 0 118025 126377 1467984 557047 1549576 96114 23012358 26128014 0 0 23012358 26128014 PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS 0 0 PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS. PNG COMPANIES VEBA IS MAINTAINED IN THREE SEGREGATED ASSET SUBACCOUNTS. TWO OF THE SUBACCOUNTS ARE FOR THE BENEFIT OF UNION MEMBERS AND ONE IS FOR THE BENEFIT OF NONUNION EMPLOYEES. AS TWO OF THEVEBAS ARE MAINTAINED PURSUANT TO COLLECTIVE BARGAINING AGREEMENTS, THEY ARE NOT SUBJECT TO THE ACCOUNT LIMITS ON DEDUCTIBLE RESERVES THAT OTHERWISE APPLY TO VEBAS UNDER IRC SECTIONS 419A AND 512 AND WILL NOT RECOGNIZE UNRELATED BUSINESS TAXABLE INCOME DUE TO AN EXCESS OF NET INVESTMENT INCOME OVER AMOUNTS BASED ON SUCH ACCOUNT LIMITS. 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 1 1 1 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 X PEOPLES NATURAL GAS COMPANY LLC 4122086631 375 NORTH SHORE DRIVE SUITE 400 PITTSBURGH PA 15212 X BNY MELLON INSTITUTIONAL TRUSTEE 1.00 0.00 X 20521 0 0 CHRISTOPHER LUNING EXEC. VP, COUNSEL, SECRETA 0.50 40.00 X 0 0 0 ROBERT A RUBIN CONTROLLER 0.50 40.00 X 0 0 0 CHRISTOPHER FRANKLIN CHAIRMAN AND CEO 0.50 40.00 X 0 0 0 DANIEL SCHULLER EXEC. VP, CFO 0.50 40.00 X 0 0 0 CHRISTINA KELLY SR. VP., CHIEF HR OFFICER 0.50 40.00 X 0 0 0 COLLEEN ARNOLD PRESIDENT, AQUA 0.50 40.00 X 0 0 0 MICHAEL HUWAR PRESIDENT, PEOPLES NATURAL GAS 0.50 40.00 X 0 0 0 MATTHEW RHODES EVP OF STRATEGY & CORPORATE DEVELOPMENT 0.50 40.00 X 0 0 0 20521 0 0 0 0 0 0 0 653161 150573 502588 653161 0 150573 502588 X 430670 295 17482 108600 557047 2402290 1084370 20610068 25043644 23012358 26128014 0 0 X 0 0 0 0 23012358 26128014 23012358 26128014 23012358 26128014 96114 3019542 0 X 0 1 X 1 0 0 US EQUITY INDEX FUNDS 25043644 F 25043644 X PART X, LINE 2: THE VEBA TRUSTS FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED EXEMPTION LETTERS FROM THE INTERNAL REVENUE SERVICE (IRS) DATED MARCH 7, 1996, JULY 26, 1996, NOVEMBER 7, 1998 AND APRIL 22, 2014, STATING THAT THE TRUSTS ARE TAX-EXEMPT UNDER THE PROVISIONS OF SECTION 501(C)(9) OF THE IRC. HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, FROM TIME TO TIME THE TRUSTS MAY BE SUBJECT TO INCOME TAXES. WHILE FEDERAL INCOME TAXES HAVE BEEN RECORDED IN 2023 AND 2022 FOR UNRELATED BUSINESS TAXABLE INCOME, NO STATE INCOME TAXES HAVE BEEN RECORDED FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUSTS ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUSTS. ALTHOUGH THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE EXEMPTION LETTER, THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUSTS ARE TAX-EXEMPT. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNRELATED POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: CHRISTOPHER LUNING, ROBERT RUBIN, CHRISTOPHER FRANKLIN, DANIEL SCHULLER, CHRISTINA KELLY, COLLEEN ARNOLD, MICHAEL HUWAR, MATTHEW RHODES FORM 990, PART VI, SECTION A, LINE 7A ALL OF THE INDIVIDUAL OFFICERS ARE EMPLOYEES OF ESSENTIAL UTILITIES, INC., THE PLAN SPONSOR AND FIDUCIARY. THEY SERVE ON THE RETIREMENT AND BENEFITS COMMITTEE BY VIRTUE OF THEIR POSITIONS WITH THE PLAN SPONSOR. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE ESSENTIAL UTILITIES RETIREMENT AND BENEFITS COMMITTEE OR THEIR DESIGNEES. THEN IT IS SIGNED BY AN AUTHORIZED OFFICER. THE FORM 990 DOCUMENT WILL BE AVAILABLE FOR ALL MEMBERS AFTER IT HAS BEEN FILED WITH THE U.S. TREASURY. UPON FILING, THE DOCUMENT IS AVAILABLE TO ALL MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12 THE GOVERNING BOARD IS SUBJECT TO THE CONFLICT OF INTEREST, WHISTLEBLOWER AND DOCUMENT RETENTION/DESTRUCTION POLICIES IN ADDITION TO ANNUAL DISCLOSURE REQUIREMENTS OF THE PLAN SPONSOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC BNY MELLON - 240 GREENWICH STREET, NEW YORK CITY, NY 10007. FORM 990, PART IX, LINE 11G ACTUARIAL FEES 88,079. TRUSTEE/CUSTODIAN FEES 20,521. PNG COMPANY LLC 375 N SHORE DR STE 400 PITTSBURGH PA 15212 250720790 PUBLIC UTILITY PA PNG CO LLC C 0 ESSENTIAL UTILITIES 762 W LANCASTER AVE BRYN MAWR PA 19010 WATER AND NATURAL GAS UTILITY PA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1