Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 184

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 184
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 Right of Use Asset 
     2,567  
     3,185 

    Regulatory Assets 
     101,783  
     90,694 

    Non-utility Assets - Net 
     11,760  
     11,522 

    Employee Benefit Plans 
     36,856  
     21,779 

    Other 
     3,863  
     1,994 

    TOTAL OTHER ASSETS 
     156,829  
     129,174 

    TOTAL ASSETS 
    $1,255,174  
    $1,236,052 

    CAPITALIZATION AND LIABILITIES 

    CAPITALIZATION: 
    Common Stock, No Par Value 
    $248,202  
    $246,764 

    Retained Earnings 
     197,061  
     176,227 

    TOTAL
    COMMON STOCKHOLDERS’ EQUITY 
     445,263  
     422,991 

    Preferred Stock 
     1,635  
     2,084 

    Long-term Debt 
     352,822  
     358,153 

    TOTAL CAPITALIZATION 
     799,720  
     783,228 

    CURRENT 
    Current Portion of Long-term Debt 
     7,711  
     7,740 
  
    LIABILITIES: 
    Notes Payable 
     23,000  
     42,750 

    Accounts Payable 
     28,050  
     27,618 

    Litigation Settlement Payable 
     —  
     6,237 

    Accrued Taxes 
     11,976  
     10,535 

    Accrued Interest 
     2,916  
     3,138 

    Unearned Revenues and Advanced Service Fees 
     1,476  
     1,390 

    Other 
     7,759  
     4,421 

    TOTAL CURRENT LIABILITIES 
     82,888  
     103,829 

    COMMITMENTS AND CONTINGENT LIABILITIES (Note 4) 

    OTHER LIABILITIES: 
    Advances for Construction 
     22,629  
     21,313