Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 3

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 3
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1% 
     52.3%
  
    Commercial 
     16.6  
     14.4  
     14.0 
  
    Industrial 
     7.2  
     7.0  
     6.9 
  
    Fire Protection 
     7.4  
     7.6  
     7.8 
  
    Contract Sales 
     11.0  
     11.5  
     11.6 
  
    Contract Operations 
     6.8  
     7.4  
     7.4 
  
    Total 
     100.0% 
     100.0% 
     100.0%

Water Supplies and Contracts 

Our New Jersey and Delaware water supply systems
are physically separate and are not interconnected. In New Jersey, the Pinelands System is not interconnected with the Middlesex System.
We believe we have adequate sources of water supply to meet the current service requirements of our present customers in New Jersey and
Delaware.

Middlesex System 

Our Middlesex System produced approximately 14.3
billion gallons in 2024 from:

    ●
    The Carl J. Olsen Surface Water Treatment Plant (CJO Plant)-10.3 billion gallons;
  
    ●
    Company-owned wells (ground water)-2.9 billion gallons; and
  
    ●
    The balance purchased from a non-affiliated water utility regulated by the New Jersey Board of Public Utilities (NJBPU) under an agreement which expires February 27, 2026. This agreement provides for minimum purchases of 3.0 million gallons per day (mgd) of treated water with provisions for additional purchases. 

The Middlesex System’s distribution storage
facilities are used to supply water to customers at times of peak demand, outages and emergencies.

The principal source of surface water for the
Middlesex System is the Delaware & Raritan Canal, which is owned by the State of New Jersey and operated by the New Jersey Water Supply
Authority (NJWSA). Middlesex is under contract with the NJWSA, which expires November 30, 2048, and provides for average purchases of
27.0 mgd, with a peak up to 47.0 mgd, of untreated water from the Delaware & Raritan Canal, augmented by the Round Valley/Spruce Run
Reservoir System. The untreated surface water is pumped