Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 924

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 5
Chunk 924
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 its principal executive and principal
financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Management
of the Company, with the participation of its principal executive officer and principal financial officer, has evaluated its disclosure
controls and procedures as of the end of the period covered by this report and, based on such evaluation, has concluded that the disclosure
controls and procedures are effective to provide such reasonable assurance. Reasonable assurance is not absolute assurance, however, and
there can be no assurance that any design of controls or procedures would be effective under all potential future conditions, regardless
of how remote.

68 

Management’s Report on Internal Control Over Financial Reporting

Management of the Company is responsible for establishing
and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed to
provide reasonable, but not absolute, assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with accounting principles generally accepted in the United States of America.

Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also, projections of the effectiveness of controls to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with policies or procedures may deteriorate.

Management of the Company assessed the effectiveness
of the Company’s internal control over financial reporting as of December 31, 2024 using the criteria set forth by the Committee
of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework (2013 framework). Based
on that assessment, management has concluded that the Company had effective internal control over financial reporting as of December 31,
2024.

Middlesex’s independent registered public
accounting firm (PCAOB ID 23) has audited the effectiveness of our internal control over financial reporting as of December 31, 2024 as
stated in their report which is included herein.

Changes in Internal Controls

There has been no change in internal control over
financial reporting during the fourth quarter of 2024 that materially affected, or is reasonably likely to materially affect, the internal
controls over financial reporting of the Company.

ITEM 9B.OTHER INFORMATION.

(a)None.

(b)Insider Trading Arrangements and Policies - During the three months ended December 31, 2024, no director or officer of the Company
adopted or terminated a “Rule 10