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  "documentTitle": "Essential Utilities, Inc. (WTRG)",
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  "presentationDate": "2023-03-08 00:00:00",
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  "notes": "Uses a 'before-after' style comparison of the start date (2019) vs. expected closing date (2023) to demonstrate inefficiency.",
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      "text": "New Risk Factor Addition In 2021",
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      "text": "Email from Jim Bilotta dated Oct 2, 2019",
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      "text": "Potential Timeline for Village of Frankfort deal",
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      "text": "WTRG's deals take a long time to source and close. Based on a Freedom of Information Act (FOIA) request, we see that the Village of Frankfort deal dates to 2019, and still won't close until Q1/Q2 2023.",
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      "text": "The integration of acquisitions can be a multi-year activity... We are continuing to integrate the Peoples Gas Acquisition, and unexpected issues may adversely impact our future financial condition.",
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      "text": "Source: FOIA from Village of Frankfort",
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      "text": "Example of Challenged Customer Growth: Enormous Investment of Time And Resources To Acquire Just 711 Customers!",
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