Company: MSEX
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047381
Chunk: 34

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-12
Form: 424B5
Chunk 34
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 Directors.

| 11 |

<div align='center'>PLAN OF DISTRIBUTION</div>

We may offer and sell the
securities covered by this prospectus from time to time, in one or more transactions, at market prices prevailing at the time of sale,
at prices related to market prices, at a fixed price or prices subject to change, at varying prices determined at the time of sale or
at negotiated prices, by a variety of methods, including the following:

| · | through agents; |

| · | to or through underwriters; |

| · | in “at the market offerings,” within the meaning of Rule 415(a)(4) under the Securities            
 Act, to or through a market maker or into an existing trading market, on an exchange or otherwise; |

| · | through brokers or dealers; |

| · | directly by us to purchasers, including through a specific bidding, auction or other process; or |

| · | through a combination of any of these methods of sale. |

Registration of the securities
covered by this prospectus does not mean that those securities necessarily will be offered or sold.

In effecting sales, brokers
or dealers engaged by us may arrange for other brokers or dealers to participate. Broker-dealer transactions may include, without limitation:

| · | purchases of the securities by a broker-dealer as principal; |

| · | ordinary brokerage transactions; or |

| · | transactions in which the broker-dealer solicits purchasers. |

We may sell offered securities
through agents designated by us from time to time. Any agent in the offer or sale of the securities for which this prospectus is delivered
will be named, and any commissions payable by us to that agent will be set forth, in the applicable prospectus supplement. Unless indicated
in such prospectus supplement, the agents will have agreed to use their reasonable best efforts to solicit purchases for the period of
their appointment.

In connection with the sale
of securities covered by this prospectus, broker-dealers may receive commissions or other compensation from us in the form of commissions,
discounts or concessions. Broker-dealers may also receive compensation from purchasers of the securities for whom they act as agents or
to whom they sell as principals or both. Compensation as to a particular broker-dealer may be in excess of customary commissions or in
amounts to be negotiated. In connection with any underwritten offering, underwriters may receive compensation in the form of discounts,
concessions or commissions from us or from purchasers of the securities for