Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 104

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 104
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 to differ materially from future results expressed or implied by the forward-looking
statements. Important factors that could cause actual results to differ materially from anticipated results and outcomes include, but
are not limited to:

    -
    effects of general economic conditions, including recently announced tariffs;

    -
    increases in competition for growth in non-franchised markets to be potentially served by the Company;

    -
    ability of the Company to adequately control selected operating expenses which are necessary to maintain safe and proper utility services, and which may be beyond the Company’s control;

    -
    availability of adequate supplies of quality water;

    -
    actions taken by government regulators, including decisions on rate increase requests;

    -
    new or modified water quality standards and compliance with related legal and regulatory requirements;

    -
    weather variations, including climate variability, and other natural phenomena impacting utility operations;

    -
    financial and operating risks associated with acquisitions and/or privatizations;

    -
    acts of war or terrorism;

    -
    cyber-attacks;

    -
    changes in the pace of new housing development;

    -
    availability and cost of capital resources; 

    -
    timely availability of materials and supplies for operations and critical infrastructure projects;

    -
    effectiveness of internal control over financial reporting; and

    -
    other factors discussed elsewhere in this report.

19 

Many of these factors are beyond the Company’s
ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements,
which only speak to the Company’s understanding as of the date of this report. The Company does not undertake any obligation to
release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this report or
to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

For an additional discussion of factors that may affect
the Company’s business and results of operations, see Item 1A. - Risk Factors in the Company’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2024.

Overview

Middlesex Water Company (Middlesex or the Company)
has operated as a water utility in New Jersey since 1897 and in Delaware through our wholly-owned subsidiary, Tidewater Utilities, Inc.
(Tidewater), since 1992. We are in the business of collecting, treating and distributing water for domestic, commercial, municipal, industrial
and fire protection purposes. We operate water and wastewater systems under contract for governmental entities and