Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 278

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 278
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) and Pinelands Wastewater Company (Pinelands Wastewater) (collectively,
Pinelands), provide water and wastewater services to approximately 2,500 customers in Southampton Township, New Jersey.

Our Delaware subsidiaries, Tidewater and Southern
Shores Water Company, LLC (Southern Shores), provide water services to approximately 61,000 retail customers in New Castle, Kent and Sussex
Counties, Delaware. Tidewater’s subsidiary, White Marsh, services approximately 4,300 customers in Kent and Sussex Counties through
various operations and maintenance contracts.

USA-PA operates the water
and wastewater systems for the City of Perth Amboy, New Jersey (Perth Amboy) under a 10-year operations and maintenance contract expiring
in 2028. In addition to performing day-to day operations, USA-PA is also responsible for emergency response and management of capital
projects funded by Perth Amboy.

USA operates the Borough
of Avalon, New Jersey’s (Avalon) water utility, sewer utility and storm water system under a 10-year operations and maintenance
contract expiring in 2032. USA also operates the Borough of Highland Park, New Jersey’s (Highland Park) water and wastewater
systems under a 10-year operations and maintenance contract expiring in 2030. In addition to performing day-to-day service operations,
USA is responsible for emergency response and management of capital projects funded by Avalon and Highland Park.

Under a marketing agreement
with HomeServe USA Corp. (HomeServe) expiring in 2031, USA offers residential customers in New Jersey and Delaware water and wastewater
related services and home maintenance programs. HomeServe is a leading national provider of such home maintenance service programs. USA
receives a service fee for the billing, cash collection and other administrative matters associated with HomeServe’s service contracts.

Management Update

Upon the retirements of President and Chief Executive
Officer Dennis W. Doll, and Senior Vice President, Treasurer and Chief Financial Officer A. Bruce O’Connor, the Company
named Nadine Leslie its new President and Chief Executive Officer effective March 1, 2024 and Mohammed G. Zerhouni its
new Senior Vice President, 

24 

Treasurer and Chief Financial Officer effective June 24, 2024.  Ms. Leslie was also appointed to
the Board of Directors effective March 1, 2024.

In