Company: MSEX
Filing Date: 2025-05-12
Form Type: S-3ASR
Source: 0001104659-25-047075
Chunk: 7

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-12
Form: S-3ASR
Chunk 7
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 operates or maintains
water and/or wastewater systems that serve approximately 4,300 service connections under 28 separate contracts, primarily in New Castle,
Kent and Sussex Counties, Delaware. White Marsh also owns two commercial properties that are leased to Tidewater for its administrative
office campus and its field operations center. White Marsh produced approximately 1% of our 2024 consolidated operating revenues.

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<div align='center'>RISK FACTORS</div>

Investing in our securities
involves certain risks. Before making an investment decision, you should carefully consider the risks and uncertainties described in the
documents incorporated by reference in this prospectus and any prospectus supplement, as well as other information we include or incorporate
by reference into this prospectus and any applicable prospectus supplement, including the risks described under the headings “Risk
Factors” in the documents incorporated herein by reference, including in our Annual Report on Form 10-K for the year ended December 31, 2024, in any applicable prospectus supplement and any risk factors set forth in our other filings with the SEC pursuant
to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, including our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q
and our Current Reports on Form 8-K. The risks and uncertainties we have described are not the only ones facing the Company. Additional
risks and uncertainties not presently known to us or that we currently consider immaterial may also affect our business operations. Our
business, financial condition or results of operations could be materially adversely affected by any of these risks. The trading price
of our securities could decline due to the materialization of any of these risks, and you may lose all or part of your investment. To
the extent a particular offering implicates additional risks, we will include a discussion of those risks in the applicable prospectus
supplement.

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<div align='center'>CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus, including
the documents that we incorporate by reference, contains forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended (“Securities Act”) and Section 21E of the Exchange Act. Any statements about our expectations,
beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements
are often, but are not