In The News

PFMC Selects Brian Dingerdissen as Next PGW Chief Financial Officer

PHILADELPHIA (August 11, 2026) – Today the Philadelphia Facilities Management Corporation (PFMC) announced the appointment of Brian Dingerdissen as the new Executive Vice President (EVP) and Chief Financial Officer (CFO) for Philadelphia Gas Works (PGW). As a seasoned utility finance executive and leader with more than two decades of experience in regulated water and natural gas utilities. Dingerdissen joins at a pivotal moment as PGW builds upon decades of financial improvement and infrastructure investment while helping to shape Philadelphia’s evolving energy future.

PGW’s financial turnaround over the past 25 years has been extraordinary. PGW dramatically improved relevant financial metrics since 2001, including:

• Rising bond rating from BBB+ to A+
• Increasing its collection rate from 86% to 97%
• Exceeding its goals for maintaining and replacing critical natural gas infrastructure

“On behalf of the entire PFMC Board, I would like to express our excitement in welcoming Brian to PGW,” said Leigh Whitaker, Chair of the PFMC Board. “Brian brings a rare blend of financial depth, industry knowledge, and strategic planning experience. We are confident that he will be a tremendous asset to PGW’s leadership team to continue building on the foundation built by outgoing CFO, Joseph F. Golden Jr.”

Dingerdissen brings more than 20 years of leadership experience in regulated utility operations, finance, planning and strategy. Most recently, he served as the Vice President, Financial Planning & Analysis, Investor Relations, and Treasurer for Essential Utilities, the parent company of Aqua and Peoples Natural Gas. During his tenure, he has held several senior leadership positions with increasing responsibility, partnering closely with executive leadership and the board of directors on financial stewardship, long-term planning, strategic initiatives, and stakeholder engagement.

“We are thrilled to welcome Brian Dingerdissen to PGW,” said Seth Shapiro, President and CEO of PGW. “I am confident that he has the background to both maintain the financial discipline for which PGW has become known, while also bringing creativity and the entrepreneurial spirit that will be critical to succeeding as the energy industry evolves over the coming years.”

Dingerdissen’s appointment was unanimously approved by the Philadelphia Gas Commission on August 11.

“I am honored to join PGW and build upon the strong financial foundation established by Joe Golden and the entire PGW team," said Brian Dingerdissen. "PGW plays an essential role in the lives of Philadelphians and stands at the intersection of public service, infrastructure reliability, customer affordability, and energy innovation. I look forward to working alongside PGW employees, leadership, the Gas Commission, PFMC Board, City officials, and community stakeholders to ensure the utility remains financially strong, operationally resilient, and well positioned for the future.”

PGW is the largest municipally owned gas utility in the country, serving more than 500,000 customers and will continue to invest in innovative energy solutions and strategic initiatives. PGW launched a comprehensive search for an executive vice president and chief financial officer following the announcement of current CFO Joseph Golden, Jr.

“I would also like to take this opportunity to thank PGW’s outgoing CFO. Joe played a central role in improving and stabilizing PGW's finances during his more than 40 years of service.  I'm sure PFMC joins hundreds of current and former PGW employees as well as countless colleagues across the industry in saying that Joe will be sorely missed,” added PFMC Board Chair Whitaker.

Dingerdissen earned a Bachelor of Science in Business Administration and MBA from Villanova University. He currently serves as Chair of the American Red Cross Delaware Valley Chapter. His commitment to community service and civic leadership aligns closely with PGW’s mission of serving Philadelphia’s residents and businesses.

[

PGW Brings Home the Gold: Honored by The APGA

American Public Gas Association recognizes PGW for excellence in operations in system integrity and improvement, employee safety and workforce development

PHILADELPHIA (August 11, 2026) - PGW received the American Public Gas Association’s (APGA) gold-level System Operational Achievement Recognition (SOAR), honoring its outstanding performance and excellence in operations of its natural gas utility. This distinction highlights PGW’s ongoing commitment to prioritizing safety, enhancing operational capabilities, and meeting challenges with innovation.

“This achievement belongs to our 1,600 employees, whose expertise, dedication and service strengthen our system,” said Robert K. Smith, Senior Vice President, Operations, Supply Chain & Gas Management at PGW. “We are honored to be recognized at the gold-level by the APGA, which reflects our core values, employing a safety-first culture, and our commitment to improving and investing in our system that provides safe, reliable natural gas to Philadelphians every day.”

This marks the first time PGW has earned the gold ranking from APGA, after previously receiving the silver-level award twice. PGW was selected as one of 11 gold-level awardees from among approximately 750 APGA member utilities. PGW received 164 of a possible 168 points in SOAR’s scoring rubric that focuses on four primary areas:

• System Integrity, which evaluates a utility’s commitment to safe operations through capital improvements, assets integrity management, and ongoing operations and maintenance activities. Through the Pipeline Infrastructure Improvement Program, PGW has significantly accelerated the installation of modern natural gas mains to increase safety, reliability and lower emissions. PGW expanded from installing approximately 18 miles annually a decade ago to more than 30 miles annually today. PGW also responds to more than 80,000 calls each year through Pennsylvania’s “One Call” system, which requires utilities to mark the location of their underground lines before any contractor or resident begins an excavation project to reduce the risk of damaging natural gas infrastructure or other underground utility lines.  

• System Improvement, which assesses a utility’s commitment to continuous enhancement through the use of innovative tools and technologies, participation in voluntary industry initiatives, and the adoption of best practices. PGW uses advanced technology for its leak detection program to proactively identify leaks in the distribution system and potential methane escape. This program assists in prioritizing areas that need repair or replacement and helps reduce methane emissions. This work was supported through a total of $125 million in grants from the U.S. Department of Transportation’s Natural Gas Distribution Infrastructure Safety and Modernization (NGDISM) Grant Program.

• Employee Safety, which evaluates a utility’s commitment to protecting its workforce through training, clear procedures, strong policies, and the proper tools and equipment. PGW puts safety first and is committed to embedding a true “safety first” culture across the entire organization. PGW’s field operations are now based out of a new state-of-the-art training facility in Northeast Philadelphia. PGW empowers employees to immediately halt work if unsafe conditions arise through its “stop work authority”, provides mandatory training for employees as well as safety tips to make sure employees know how to stay safe.

• Workforce Development, which evaluates a utility’s effort to recruit, retain, develop, and support its employees. As PGW celebrates 190 years in the energy industry, it continues to invest in its employees and help build their knowledge by encouraging participation in community events, industry events and conferences, and professional education opportunities.

“PGW was highly rated in all four areas that are required of SOAR,” said APGA President and CEO Dave Schryver. “PGW consistently demonstrates a commitment to providing natural gas safely and efficiently to all those in their community and as such, serves as a model for all other natural gas utilities in the country,” Schryver said.

Employees across several departments collaborated on the award submission, providing data, anecdotes, and information to illustrate PGW’s efforts in each of SOAR’s four categories.

[

PGW Customers Receive $3M IN Supplemental Energy Grants From PA DHS

Eligible PGW customers who received LIHEAP grants were issued a one-time $100 supplemental credit toward their outstanding heating or current energy bill

PHILADELPHIA (AUGUST 10, 2026) -- More than 27,000 qualifying PGW customers received a $100 credit toward their home heating or current energy bill thanks to remaining Low Income Heating Assistance Program (LIHEAP) grant funds administered by the Pennsylvania’s Department of Human Services (PA DHS). One-time supplemental grant payments were distributed directly to utility providers of 193,000 households in Pennsylvania that received LIHEAP grants during the 2025-2026 season home heating season. LIHEAP is a federally funded grant administered through PA DHS to help income-eligible families better afford their heating bill.

During the 2025-26 LIHEAP season, which ran from December 2025 through May 2026, nearly 280,000 households across Pennsylvania received LIHEAP grants. Eligibility for the $100 supplemental payment included households that received LIHEAP last season and include at least one person who is age 60 or older, one child under 6, or someone with a disability. Customers can often carry debt from the previous winter heating season into the next winter season – these grants help to reduce that burden from LIHEAP eligible individuals and families.

Recipients were notified of their eligibility by mail and payment distributions were made directly to PGW. The credit was reflected on the customer’s bill in July and appeared as a LIHEAP credit.

Receipt of the $100 credit will not impact a household’s eligibility for the upcoming 2026-27 LIHEAP Season. Learn more about LIHEAP registration and eligibility and sign up for a LIHEAP Alert from PGW at pgworks.com/LIHEAP or by texting 77037.

[

Page 2 of 88 pages.