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Major Projects and Initiatives Key Projects Driving Adjusted Gross Margin Adjusted Gross Margin Three Months Ended Year Ended Estimate for Project/Initiative March 31, December 31, Fiscal in thousands 2022 2021 2021 2022 2023 Pipeline Expansions: Incremental Western Palm Beach County, $ 1,307 $ 1,167 $ 4,729 $ 5,227 $ 5,227 Adjusted Gross Margin Florida Expansion Del-Mar Energy Pathway 1,722 884 4,584 6,980 6,867 from Major Projects Guernsey Power Station 263 47 187 1,380 1,486 Southern Expansion — — — 375 2,344 Winter Haven Expansion 33 — — 401 976 Beachside Pipeline Extension — — — — 1,825 2021: $15.6 million North Ocean City Connector — — — — 400 Total Pipeline Expansions 3,325 2,098 9,500 14,363 19,125 2022: $20.7 million Virtual Pipeline Solutions 2,142 2,077 7,566 8,500 9,500 (CNG/RNG/LNG) 2023: $7.2 million RNG Infrastructure 91 — — 1,000 1,000 _________________ Acquisitions: Total: $43.5 million Diversified Energy 3,975 — 603 11,300 12,000 Escambia Meter Station 250 — 583 1,000 1,000 over 2020 Total Acquisitions 4,225 — 1,186 12,300 13,000 Regulatory Initiatives: Florida GRIP 4,851 4,065 16,995 18,797 19,475 Capital Cost Surcharge Programs 517 136 1,199 2,018 1,936 Elkton Gas STRIDE Plan 74 — 26 241 354 Total Regulatory Initiatives 5,442 4,201 18,220 21,056 21,765 13 Total $ 15,225 $ 8,376 $ 36,472 $ 57,219 $ 64,390