Company: MSEX
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047381
Chunk: 8

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-12
Form: 424B5
Chunk 8
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 2024 consolidated operating revenues.

USA-PA

USA-PA
operates the City of Perth Amboy, New Jersey’s (Perth Amboy) water and wastewater systems under a ten-year agreement, which expires
in December 2028. In addition to performing day-to day operations, USA-PA is also responsible for emergency responses and management
of capital projects funded by Perth Amboy. USA-PA produced approximately 3% of our 2024 consolidated operating revenues.

Pinelands Systems

Pinelands
Water provides water services to approximately 2,500 residential customers in Burlington County, New Jersey. Pinelands Water is not physically
interconnected with the Middlesex System. Pinelands Water produced approximately 1% of our 2024 consolidated operating revenues.

Pinelands
Wastewater provides wastewater collection and treatment services to approximately 2,500 residential customers and one municipal wastewater
system in Burlington County, New Jersey. Pinelands Wastewater produced approximately 1% of our 2024 consolidated operating revenues.

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USA

USA operates the Borough of
Avalon, New Jersey’s (Avalon) water utility, sewer utility and storm water system under a ten-year operations and maintenance contract
expiring in 2032. In addition to performing day-to-day service operations, USA is responsible for emergency responses and management of
capital projects funded by Avalon.

USA operates the Borough of
Highland Park, New Jersey’s water utility and sewer utility under a ten-year operations and maintenance contract expiring in 2030.

Under a marketing agreement
with HomeServe USA Corp. (HomeServe) expiring in 2031, USA offers residential customers in New Jersey and Delaware various water and wastewater
related home maintenance programs. HomeServe is a leading national provider of such home maintenance service programs. USA receives a
service fee for the billing, cash collection and other administrative matters associated with HomeServe’s service contracts.

USA produced approximately
3% of our 2024 consolidated operating revenues.

White Marsh

White Marsh operates or maintains
water and/or wastewater systems that serve approximately 4,300 service connections under 28 separate contracts, primarily in New Castle,
Kent and Sussex Counties, Delaware. White Marsh also owns two commercial properties that are leased to Tidewater for its administrative
office campus and its field operations center. White Marsh produced approximately 1% of our 2024 consolidated operating revenues.

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