Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 302

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 302
---

  
    ASSETS 
      
    2024  
    2023 
  
    UTILITY PLANT: 
    Water Production 
    $314,924  
    $303,791 

    Transmission and Distribution 
     855,497  
     809,862 

    General 
     105,167  
     100,593 

    Construction Work in Progress 
     34,209  
     19,636 

    TOTAL 
     1,309,797  
     1,233,882 

    Less Accumulated Depreciation 
     254,425  
     235,540 

    UTILITY PLANT - NET 
     1,055,372  
     998,342 

    CURRENT ASSETS: 
    Cash and Cash Equivalents 
     4,226  
     2,390 

    Accounts Receivable, net of allowance for credit losses of $2,695 and $2,137, respectively in 2024 and 2023 
     18,842  
     18,172 

    Litigation Settlement Receivable 
     —  
     69,872 

    Unbilled Revenues 
     10,764  
     9,297 

    Materials and Supplies (at average cost) 
     6,719  
     6,972 

    Prepayments 
     2,422  
     1,833 

    TOTAL CURRENT ASSETS 
     42,973  
     108,536 

    OTHER ASSETS: 
    Operating Lease Right of Use Asset 
     2,567  
     3,185 

    Regulatory Assets 
     101,783  
     90,694 

    Non-utility Assets - Net 
     11,760  
     11,522 

    Employee Benefit Plans 
     36,856  
     21,779 

    Other 
     3,863  
     1,994 

    TOTAL OTHER ASSETS 
     156,829  
     129,174 

    TOTAL ASSETS 
    $1,255,174  
    $1,236,052 

    CAPITALIZATION AND LIABILITIES 

    CAPITALIZATION: 
    Common Stock, No Par Value