Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 9

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 9
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 strategic plans for growth; |

| - | the amount and timing of rate increases                                                      
 and other regulatory matters, including the recovery of certain costs recorded as regulatory 
 assets;                                                                                      |

| - | the Company’s expected liquidity needs                                                       
 during the upcoming fiscal year and beyond and the sources and availability of funds to meet 
 its liquidity needs;                                                                         |

| - | expected customer rates, consumption volumes,                    
 service fees, revenues, margins, expenses and operating results; |

| - | financial projections; |

| - | the expected amount of cash contributions                                            
 to fund the Company’s retirement benefit plans, anticipated discount rates and rates 
 of return on plan assets;                                                            |

| - | the ability of the Company to pay dividends; |

| - | the Company’s compliance with environmental                                   
 laws and regulations and estimations of the materiality of any related costs; |

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| - | the safety and reliability of the Company’s 
 equipment, facilities and operations;       |

| - | the Company’s plans to renew municipal                
 franchises and consents in the territories it serves; |

| - | trends; and |

| - | the availability and quality of our water 
 supply.                                   |

These forward-looking statements
are neither promises nor guarantees of future performance due to a variety of risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from those indicated by these forward-looking statements. Important factors that
could cause actual results to differ materially from anticipated results and outcomes include, but are not limited to:

| - | effects of general economic conditions, 
 including recently announced tariffs;   |

| - | increases in competition for growth in non-franchised 
 markets to be potentially served by the Company;      |

| - | ability of the Company to adequately control                                                  
 selected operating expenses which are necessary to maintain safe and proper utility services, 
 and which may be beyond the Company’s control;                                                |

| - | availability of adequate supplies of quality 
 water;                                       |

| - | actions taken by government regulators,        
 including decisions on rate increase requests; |

| - | new or modified water quality standards                        
 and compliance with related legal and regulatory requirements; |

| - | weather variations, including climate variability,        
 and other natural phenomena impacting utility operations; |

| - | financial and operating risks associated  
 with acquisitions and, or privatizations; |

| - | acts of war or terrorism; |

| - | cyber-attacks; |

|