RFP FOR OTHER POSTEMPLOYMENT BENEFITS TRUST FUND ACTUARIAL VALUATION SERVICES

Notice is hereby given that the Philadelphia Gas Works OPEB Trust (the “Trust”) will receive sealed proposals on or before Friday, August 22, 2025 at 2:30 p.m. Eastern Time, via pgw.procureware.com, for a vendor to provide actuarial valuation services to the Trust.

This document outlines the Trust’s objectives, describes the general characteristics of the services to be provided, and (without being exhaustive) outlines the principal obligations of the Trust and the selected Proposer.

Questions concerning this Request for Proposals shall be directed in writing to PGW via pgw.procureware.com. Proposers may not contact Trust or PGW personnel regarding this RFP other than through pgw.procureware.com.

The projectedschedule of events for this Request for Proposals is as follows:

Issue Date of the RFP .................................................................. Wednesday, August 6, 2025

Questions and requests for clarification or information
must be received, via pgw.procureware.com, by 11 a.m. ............ Wednesday, August 13,

2025

Non-Mandatory Telephone Conference, 2:00 p.m. ...................... Tuesday, August 19, 2025

Procureware registration deadline ................................................ Not later than 3 business

days before Proposal Submission Due Date

Proposal Submission Due Date - Proposal
must be received, via pgw.procureware.com

as required by Section 3.1.2, by 2:30 p.m. ................................... Friday, August 22, 2025

Notification Date ............................................................................ As soon as possible

Contract Start Date ....................................................................... As soon as possible

following contract execution

The Non-Mandatory Telephone Conference is scheduled for 2:00 p.m. on Tuesday, August 19, 2025 to answer questions and requests for clarification. Proposers who choose to participate should dial as follows: +1 267-857-3813 Phone conference ID: 745 742 279#

These dates are estimates only and the Trust reserves the right to alter this schedule as it deems necessary or appropriate.

After the submission of proposals, the Trust may select finalists for this RFP, who should be prepared to present their proposal to the Trust selection team.

The Trust is seeking a qualified firm of accredited actuaries to perform full actuarial valuations of PGW’s other postemployment benefits. The full actuarial valuations are to be completed in accordance with Governmental Accounting Standards Board (“GASB”) Statement No. 74, Financial Reporting for Postemployment Benefits Other Than Pension Plans, and GASB No. 75, Accounting and Financial reporting for Postemployment Benefits Other Than Pensions. In addition to preparing the required actuary reports listed in Section 2.3, the selected Proposer may be required to provide additional ad hoc reports, as well as other related actuarial services, calculations, and guidance to PGW and/or the OPEB Trustees. The selected Proposer may also be required to present their report(s) to PGW and/or the OPEB Trustees, provide expert witness assistance, as needed, to the PGW OBEP Trust, Philadelphia Gas Commission, PaPUC, or the PFMC Board of Directors regarding active employee and retiree welfare plans, or meet with PGW’s pension actuary to coordinate and reconcile assumptions for consistency.