Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 83

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 83
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ance water quality, service reliability, security and resiliency of the water utility infrastructure assets. Effective October 30,
2024, Tidewater received approval of the DEPSC to suspend its DSIC rate and implement an interim rate increase, which is expected to result
in approximately $2.5 million of annual revenues, subject to refund pending the outcome of the rate case application.

United States Environmental Protection Agency (USEPA)
Issues Final Perfluoroalkyl Substances (PFAS) Regulations - In April 2024, the USEPA finalized drinking water regulations for PFAS,
establishing maximum contaminant levels (MCLs) for three PFAS compounds (Regulated PFAS) that are lower than the current New Jersey Department
of Environmental Protection MCLs adhered to by the Company. Under the new USEPA regulations, effective April 2024, water systems must
monitor for Regulated PFAS and have three years to complete initial monitoring (by April 2027), followed by ongoing compliance monitoring.
Water systems must also provide the public with information on the levels of Regulated PFAS in their drinking water beginning in 2027.
Water systems have five years (by April 2029) to implement solutions that reduce Regulated PFAS if monitoring shows that drinking water
levels exceed these MCLs.

Beginning in April 2029, water systems that have Regulated
PFAS in drinking water which exceeds one or more of these MCLs must take action to reduce levels of these PFAS compounds in their drinking
water and must provide notification to the public of the violation.

In anticipation of these new USEPA standards, in 2023,
the Company began, and continues, implementing its strategy to meet these lower MCLs for Regulated PFAS and is currently performing preliminary
engineering studies to ensure that effective PFAS treatment approaches are implemented.

Capital
Construction Program - The Company’s
multi-year capital construction program encompasses numerous projects designed to upgrade and replace utility infrastructure as well
as enhance the integrity and reliability of assets to maintain and improve service for the current and future generations of water and
wastewater customers. The Company plans to invest approximately $93 million in 2025 in connection with this plan for projects
that include, but are not limited to:

19 

    ·
    Replacement of 19,550 linear feet of cast iron main in Woodbridge Township in our Middlesex System;
  
    ·
    Construction of new elevated water tanks in Delaware; and