Customer: Pennsylvania 15 to 20 year guaranteed off-take agreements (per PA study recommendations) ComparablesP/E  York Water (YORW) 25.5  Aqua America (WTR) 22.7  American Water Works (AWK) 20.5 Implied valuation of Kreider Project (20 P/E)  Phase 1 & 2 (2M pounds) $140M to $200M Utility Revenue Model (Kreider Only) 16
{}