Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 160

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 160
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 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 December 2024, the Company named Gregory Sorensen
its new Vice President and Chief Operating Officer. His responsibilities include water and wastewater operations, capital program planning
and delivery, safety and security, sustainability, and growth initiatives.

Tidewater Acquisition of the Water Utility
Assets of the Town of Ocean View, Delaware 

In February 2025, Tidewater and the Town of Ocean
View, Delaware’s (Ocean View) joint application for Tidewater’s purchase of all of the rights, title, and interest in the
water utility assets of Ocean View for $4.6 million was approved by the Delaware Public Service Commission (DEPSC). Ocean View serves
approximately 900 customers in Sussex County, Delaware. Tidewater currently provides water service to most residents of Ocean View other
that the 900 customers currently served by Ocean View. Closing on this purchase is expected by April 2025.

United States Environmental Protection Agency
(USEPA) Issues Final Perfluoroalkyl (PFAS) Regulations 

In April 2024, the USEPA finalized drinking water
regulations for PFAS, establishing maximum contaminant levels (MCLs) for three PFAS compounds (Regulated PFAS) that are lower than the
current New Jersey Department of Environmental Protection MCLs adhered to by the Company. Under the new USEPA regulations effective April
2024, water systems must monitor for Regulated PFAS and have three years to complete initial monitoring (by April 2027), followed by ongoing
compliance monitoring. Water systems must also provide the public with information on the levels of Regulated PFAS in their drinking water
beginning in 2027. Water systems have five years (