2024-12-17T12:30:41-06:00 2022-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2022-01-01 277004970 PNG COMPANIES VEBA PNGC 4122086631 762 W LANCASTER AVENUE BRYN MAWR PA 19010 ROBERT RUBIN CONTROLLER 4122086631 2024-12-04 1 0 ERIN F WOOD P01710275 4122613644 2022 2024-10-15 13:58:12Z X X X ROBERT RUBIN 762 W LANCASTER AVENUE BRYN MAWR PA 19010 7768262 0 X N/A X 2010 NY PROVIDE MEDICAL AND LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEE PARTICIPANTS. 1 1 0 0 121170 80426 0 0 673272 982654 1716874 2034906 0 0 2390146 3017560 0 0 2402083 1349959 13655 0 0 0 0 135800 118025 2551538 1467984 -161392 1549576 29606208 23012358 0 0 29606208 23012358 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 0 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 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 762 W LANCASTER AVENUE BRYN MAWR PA 19010 X BNY MELLON INSTITUTIONAL TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER LUNING EXEC. VP, COUNSEL, SECRETARY 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 RICHARD FOX EXEC. VP, COO 0.50 40.00 X 0 0 0 DANIELL 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 0 0 0 0 0 0 0 0 CONTRIBUTIONS FROM UTILITY 525100 982654 982654 982654 607623 124170 483453 6177985 4750702 1427283 1427283 -3000 1430283 3017560 982654 121170 1913736 1349959 17178 73822 27025 1467984 822207 2402290 28784001 20610068 29606208 23012358 0 0 X 0 0 0 0 29606208 23012358 29606208 23012358 29606208 23012358 1549576 -8143426 0 X 0 1 X 0 0 0 X -5121314 -8143425 4551 -8138874 3017560 0 3017560 1467984 0 1467984 0 1467984 PART X, LINE 2: THE VEBA TRUST FUNDING CERTAIN BENEFITS OF THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED FEBRUARY 6, 2014, STATING THAT THE TRUST IS 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 TRUST MAY BE SUBJECT TO INCOME TAXES. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2022 OR 2021 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. 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 TRUST IS 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 UNCERTAIN 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 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RECEIVABLE 4,551. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: CHRISTOPHER LUNING, ROBERT RUBIN, CHRISTOPHER FRANKLIN, RICHARD FOX, DANIEL SCHULLER, CHRISTINA KELLY 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. AMENDED RETURN EXPLANATION FORM 990 IS BEING AMENDED TO SHOW THE RETURN ON THE MODIFIED CASH BASIS OF ACCOUNTING AND TO REFLECT THE FILING OF FORM 990-T. THE PREVIOUSLY FILED FORM 990 WAS ON THE ACCRUAL BASIS. THE FOLLOWING PARTS OF FORM 990 WERE CHANGED: - HEADER, BOX B, ADDRESS CHANGE, NAME CHANGE, AND AMENDED RETURN BOXES CHECKED - HEADER, BOX C, NAME AND ADDRESS WERE CHANGED - PART III, LINE 4A WAS UPDATED TO EXPAND PROGRAM SERVICE ACCOMPLISHMENTS - PART V, LINE 3A MARKED YES - PART V, LINE 3B MARKED YES - PART VI, SECTION C, LINE 20 WAS UPDATED TO REFLECT THE ORGANIZATION'S NEW ADDRESS - PART VIII, LINE 2A WAS DECREASED TO REMOVE CONTRIBUTIONS RECEIVABLE - PART VIII, LINE 3 WAS DECREASED TO REMOVE INTEREST RECEIVABLE AND ADJUSTED TO REFLECT UNRELATED BUSINESS REVENUE SHOWN ON FORM 990-T - PART VIII, LINE 7D WAS ADJUSTED TO REFLECT UNRELATED BUSINESS REVENUE SHOWN ON FORM 990-T - PART IX, LINE 11F WAS RECLASSED TO LINE 11G TO BETTER CATEGORIZE THE EXPENSE - PART IX, LINES 11B, 11C, 11G DECREASED TO REMOVE ACCRUED EXPENSES - PART X, LINE 4 REMOVED INTEREST AND CONTRIBUTIONS RECEIVABLE - PART X, LINE 17 REMOVED ACCRUED EXPENSES - PART XII, LINE 1, OTHER BOX CHECKED TO SHOW FORM 990 IS ON THE MODIFIED CASH BASIS - SCHEDULE D, PART XI, LINE 4D REPORTS THE INTEREST RECEIVABLE NOT INCLUDED ON FORM 990 - SCHEDULE D, PART XII, LINE 4B REMOVED ACCRUAL NO LONGER REPORTED ON FORM 990 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