Company: AWK
Filing Date: 2025-10-27
Form Type: 425
Source: 0001193125-25-250649
Chunk: 48

Company: American Water Works Company, Inc.
Filing Date: 2025-10-27
Form: 425
Chunk 48
---
 has taken all necessary actions, if any, so that the Transactions, including the Merger, are not subject to any “fair price,” “moratorium,” “control share acquisition,” “interested
shareholder,” “affiliated transaction,” “business combination” or any other antitakeover Law (each, a “”), including any antitakeover provision in the Pennsylvania Entity Laws or of any
other applicable U.S. state or federal Law, or any antitakeover provision in the Company Organizational Documents.

(b) Neither the
Company nor any Company Subsidiary has any shareholders’ rights plan or similar plan or arrangement in effect.

Section 3.17
.

(a) of the Company Disclosure Schedule lists each Company Subsidiary that is subject to
regulation by a state regulatory commission as a public utility or public service company (or similar designation) and the states where such Company Subsidiary is subject to such regulation (the “”).
Other than as set forth in of the Company Disclosure Schedule, as of the date hereof, neither the Company nor any Company Subsidiary is subject to regulation as a public utility or public service company (or
similar designation) by any state in the U.S. or in any foreign country. No asset of the Company or any of the Regulated Company Subsidiaries is currently disallowed from recovery in rates based on its value and associated expenses in any ratemaking
procedure before any Applicable PSC, as applicable.

(b) All filings (other than immaterial filings) required to be made by the Company or
any Company Subsidiary since January 1, 2023 with any applicable state public utility commissions and under applicable state Law, as the case may be, have been made, including all forms, statements, reports, agreements and all documents,
exhibits, amendments and supplements appertaining thereto, including all rates, tariffs, franchises, service agreements, and related documents, and all such filings complied, as of their respective dates, with all applicable requirements of
applicable Laws, except for filings the failure of which to make or the failure of which to make in compliance with all applicable requirements of applicable Laws, would not reasonably be expected to have, individually or in the aggregate, a Company
Material Adverse Effect.

(c) Each of the Company and the Company Subsidiaries, as applicable, is legally entitled to provide services in
all areas (i) where it currently provides service to