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  "documentTitle": "Essential Utilities, Inc. (WTRG)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-03-08 00:00:00",
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      "text": "Changes Undermine Confidence In The Consistency And Comparability Of Reporting: We express concerns that WTRG is shifting its references to unit customer additions to its business from \"customer connections\", to \"equivalent dwelling units\" and finally, \"equivalent retail customers or equivalent dwelling units\".",
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      "text": "Frequent Changes To Customer Measurement; Peoples Revenues Not Matching; Revenue Bridge Not Adding Up; Stealth Revenue Disclosure Change; \"Other\" Revenue Bucket Quietly Restated; ERP Pushback",
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      "text": "Detailed descriptions of reporting inconsistencies, including the Village of Oak Bridge acquisition, revenue bridge discrepancies, and ERP implementation issues.",
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