Company: MSEX
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047381
Chunk: 21

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-12
Form: 424B5
Chunk 21
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financing programs and other financial and non-financial activities and services. Certain of the agents and their respective affiliates
have provided, and may in the future provide, a variety of these services to the issuer and to persons and entities with relationships
with the issuer, for which they received or will receive customary fees and expenses.

In the ordinary course of
their various business activities, the agents and their respective affiliates, officers, directors and employees may purchase, sell or
hold a broad array of investments and actively trade securities, derivatives, loans, commodities, currencies, credit default swaps and
other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities
may involve or relate to assets, securities and/or instruments of the issuer (directly, as collateral securing other obligations or otherwise)
and/or persons and entities with relationships with the issuer. The agents and their respective affiliates may also communicate independent
investment recommendations, market color or trading ideas and/or publish or express independent research views in respect of such assets,
securities or instruments and may at any time hold, or recommend to clients that they should acquire, long and/or short positions in such
assets, securities and instruments.

<div align='center'>S-16

LEGAL MATTERS</div>

The validity of the securities being offered by this prospectus supplement will be passed upon by Saul Ewing LLP, Washington, D.C.Davis
Polk & Wardwell LLP, New York, New York, is acting as counsel to the Agents.

<div align='center'>EXPERTS</div>

The consolidated financial
statements incorporated in this prospectus supplement by reference to Amendment No. 1 to the Annual Report on Form 10-K/A for
the year ended December 31, 2024, and the effectiveness of our internal control over financial reporting have been audited by Baker
Tilly US, LLP, an independent registered public accounting firm, as stated in their report, which is incorporated herein by reference.
Such consolidated financial statements have been so incorporated in reliance on the report of Baker Tilly US, LLP, an independent registered
public accounting firm, given on their authority as experts in auditing and accounting.

<div align='center'>S-17

WHERE YOU CAN FIND MORE INFORMATION</div>

We are subject to the informational requirements of the Exchange Act and, accordingly, file reports, proxy statements and other information with the SEC. These materials may be inspected and copied at the SEC’s Public Reference Room at 100 F Street, N.E