Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 73

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 73
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 after March 31, 2007 are not eligible to
participate in this plan. Coverage includes healthcare and life insurance. For each of the three-month periods ended June 30, 2025 and
2024, the Company did not make cash contributions to its Other Benefits Plan. The Company expects to make additional Other Benefits Plan
cash contributions of $1.0 million over the remainder of the current year.

The following tables set forth information relating to the Company’s
periodic costs (benefit) for its employee retirement benefit plans:

    (In Thousands)

    Pension Benefits 
    Other Benefits

    Three Months Ended June 30,

    2025 
    2024 
    2025 
    2024

    Service Cost 
    $242  
    $318  
    $85  
    $80 
  
    Interest Cost 
     1,159  
     1,070  
     430  
     328 
  
    Expected Return on Assets 
     (1,687) 
     (1,580) 
     (928) 
     (846)
  
    Amortization of Unrecognized Losses (Gains) 
     12  
     38  
     (153) 
     (275)
  
    Net Periodic Benefit* 
    $(274) 
    $(154) 
    $(566) 
    $(713)

    (In Thousands)

    Pension Benefits 
    Other Benefits

    Six Months Ended June 30,

    2025 
    2024 
    2025 
    2024

    Service Cost 
    $483  
    $635  
    $170  
    $160 
  
    Interest Cost 
     2,318  
     2,140  
     860  
     657 
  
    Expected Return on Assets 
     (3,374) 
     (3,161) 
     (1,856) 
     (1,692)
  
    Amortization of Unrecognized Losses (Gains) 
     25  
     76  
     (307) 
     (549)
  
    Net Periodic Benefit* 
    $(548) 
    $(310) 
    $(1,133) 
    $(1,424)

*Service cost is included Operations and Maintenance expense on the consolidated
statements