Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 1

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 1
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 PLANT: 
    Water Production 
    $320,230  
    $314,924 

    Transmission and Distribution 
     872,447  
     855,497 

    General 
     106,395  
     105,167 

    Construction Work in Progress 
     32,196  
     34,209 

    TOTAL 
     1,331,268  
     1,309,797 

    Less Accumulated Depreciation 
     259,278  
     254,425 

    UTILITY PLANT - NET 
     1,071,990  
     1,055,372 

    CURRENT ASSETS: 
    Cash and Cash Equivalents 
     2,657  
     4,226 

    Accounts Receivable, net of allowance for credit losses of $2,163 and $2,695 in 2025 and 2024, respectively 
     20,121  
     18,842 

    Unbilled Revenues 
     10,284  
     10,764 

    Materials and Supplies (at average cost) 
     7,031  
     6,719 

    Prepayments 
     6,405  
     2,422 

    TOTAL CURRENT ASSETS 
     46,498  
     42,973 

    OTHER ASSETS: 
    Operating Lease Right of Use Asset 
     2,417  
     2,567 

    Regulatory Assets 
     102,688  
     101,783 

    Non-utility Assets - Net 
     11,872  
     11,760 

    Employee Benefit Plans 
     38,039  
     36,856 

    Other 
     5,457  
     3,863 

    TOTAL OTHER ASSETS 
     160,473  
     156,829 

    TOTAL ASSETS 
    $1,278,961  
    $1,255,174 

    CAPITALIZATION AND LIABILITIES 

    CAPITALIZATION: 
    Common Stock, No Par Value, authorized 40,000, issued 17,894 and 17,887 in 2025 and 2024, respectively 
    $248,611  
    $248,202