Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 1227

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7A
Chunk 1227
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     (940)
  
    Ending Balance 
    $98,648  
    $92,346  
    $53,027  
    $48,352 

    Funded Status 
    $11,147  
    $494  
    $24,826  
    $20,352 

    (In Thousands)

    Pension Plan 
    Other Benefits Plan

    As of December 31,

    2024 
    2023 
    2024 
    2023
  
    Amounts Recognized in the Consolidated 

    Balance Sheets consist of: 

    Current Liability 
    $883  
    $933  
    $—  
    $— 
  
    Noncurrent Asset 
     (12,030) 
     (1,427) 
     (24,826) 
     (20,352)
  
    Net Asset Recognized 
    $(11,147) 
    $(494) 
    $(24,826) 
    $(20,352)

    (InThousands)

    Pension Plan 
    Other Benefits Plan

    Years Ended December 31,

    2024 
    2023 
    2022 
    2024 
    2023 
    2022
  
    Components of Net Periodic Benefit Cost 

    Service Cost 
    $1,270  
    $1,551  
    $2,362  
    $320  
    $391  
    $799 
  
    Interest Cost 
     4,280  
     4,270  
     3,042  
     1,313  
     1,608  
     1,325 
  
    Expected Return on Plan Assets 
     (6,322) 
     (5,865) 
     (7,041) 
     (3,384) 
     (3,082) 
     (3,547)
  
    Amortization of Net Actuarial Loss (Gain) 
     153  
     658  
     1,674  
     (1,098) 
     (191) 
     — 
  
    Net Periodic Benefit Cost* 
    $(619) 
    $614  
    $37  
    $(2,849) 
    $(1,274) 
    $(