Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 30

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 30
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-24</div>

| 49. | Can the Plan be changed or discontinued? |

While the Company intends
at the present time to continue the Plan indefinitely, the Company reserves the right to amend, suspend, modify or terminate the Plan
at any time, including to the extent we determine reasonably necessary or desirable in order to comply with Regulation M under the Exchange
Act or any other applicable securities laws. Notice of any such amendment, suspension, modification or termination will be sent to all
Plan participants, except with respect to suspension as a result of Regulation M under the Exchange Act, we may effect such suspension
by way of notice to the Plan Agent. The Plan Agent reserves the right to resign at any time upon reasonable notice to the Company in
writing. The Company reserves the right to elect and appoint at any time a new agent including itself or its nominee to administer the
Plan. Upon termination of the Plan by the Company, the Company or the Plan Agent, as the case may be, will return any uninvested optional
cash payments and payroll deductions, issue a certificate for whole shares credited to each account under the Plan, and make a cash payment
for any fractional share credited to each account.

| 50. | Who reserves the right to interpret 
 the Plan?                           |

The Company reserves the
right to interpret the Plan as may be necessary or desirable in connection with the operation of the Plan.

<div align='center'>LIMITATION OF LIABILITY</div>

IF YOU CHOOSE TO PARTICIPATE IN THE PLAN, YOU SHOULD RECOGNIZE THAT NEITHER THE COMPANY NOR THE PLAN AGENT CAN ASSURE YOU OF A PROFIT OR PROTECT YOU AGAINST A LOSS ON THE SHARES THAT YOU PURCHASE UNDER THE PLAN.

Neither the Company nor the
Plan Agent, in administering the Plan, will be liable for any act done in good faith or for any good faith omission to act, including
without limitation any claim of liability arising out of failure to terminate a participant’s account upon such participant’s
death or incompetence, the price at which shares are purchased or sold for the participant’s account, the times when purchases
or sales are made, or fluctuations in the market value of Common Stock. This limitation of liability will not constitute a waiver by
any participant of his or her rights under the federal securities laws.

Although the Plan provides
for the reinvestment of dividends, the declaration and payment of dividends will continue to be determined by the Board of Directors
of the Company in its discretion, depending upon