Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 101

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 3
Chunk 101
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 to recover retirement benefit plan costs through customer rates.
There were no material changes to our primary market risk exposures or how such exposures are managed in 2025 nor are there expected to
be in the future.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

As required by Rule 13a-15 under the Securities
and Exchange Act of 1934 (the Exchange Act), an evaluation of the effectiveness of the design and operation of the Company’s disclosure
controls and procedures was conducted by the Company’s Chief Executive Officer along with the Company’s Chief Financial Officer.
Based upon that evaluation, the Company’s Chief Executive Officer and the Company’s Chief Financial Officer concluded that
the Company’s disclosure controls and procedures are effective as of the end of the period covered by this Report. There were no
changes in our internal control over financial reporting that occurred during our most recent fiscal quarter that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

Disclosure controls and procedures are controls
and other procedures that are designed to ensure that information required to be disclosed in Company reports filed or submitted under
the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s
rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information
required to be disclosed in Company reports filed under the Exchange Act is accumulated and communicated to management, including the
Company’s Chief Executive Officer and Chief Financial Officer as appropriate, to allow timely decisions regarding disclosure.

24 

PART II.  OTHER INFORMATION

    Item 1.
    Legal Proceedings

The following information updates and amends the
information provided in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 in Part I, Item 3—Legal
Proceedings. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Company’s Form 10-K.

Vera et al. v. Middlesex Water Company and
Lonsk et al. v. Middlesex Water Company and 3M Company – In 2021, the Company was served with two PFOA-related class action
lawsuits seeking restitution for medical, water filter replacement and other claimed related costs.  On August 30, 2024, the parties
to the Vera et al. v. Middlesex Water Company (Vera) and Lonsk et al v. Middlesex Water Company (