Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 1322

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 1322
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 Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Certain investments in cash and cash equivalents,
equity securities, and commodities are valued based on quoted market prices in active markets and are classified as Level 1 investments.
Certain investments in cash and cash equivalents, equity securities and fixed income securities are valued using prices received from
pricing vendors that utilize observable inputs and are therefore classified as Level 2 investments.

62 

The following tables present Middlesex’s Pension Plan assets
measured and recorded at fair value within the fair value hierarchy:

    (In Thousands) 

    As of December 31, 2024 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Mutual Funds 
    $31,187  
    $—  
    $—  
    $31,187 
  
    Money Market Funds 
     293  
     —  
     —  
     293 
  
    Common Equity Securities 
     195  
     —  
     —  
     195 
  
    Corporate Bonds 
     42,974  
     —  
     —  
     42,974 
  
    Agency/US Debt 
     19,041  
     —  
     —  
     19,041 
  
    Sovereign/Non-US Debt 
     4,958  
     —  
     —  
     4,958 
  
    Total Investments 
    $98,648  
    $—  
    $—  
    $98,648 

    (In Thousands) 

    As of December 31, 2023 

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Mutual Funds 
    $71,236  
    $—  
    $—  
    $71,236 
  
    Money Market Funds 
     663  
     —  
     —  
     663 
  
    Common Equity Securities 
     12,544  
     —  
     —  
     12,544 
  
    Corporate Bonds 
     5,091  
     —  
     —  
     5,091 
  
    Agency/US Debt 
     1,854