Company: MSEX
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001174947-25-001119
Chunk: 26

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 26
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 expects to make additional Other Benefits Plan
cash contributions of $1.0 million over the remainder of the current year.

The following tables set forth information relating to the Company’s
periodic costs (benefit) for its employee retirement benefit plans:

    (In Thousands)

    Pension Benefits 
    Other Benefits

    Three Months Ended June 30,

    2025 
    2024 
    2025 
    2024

    Service Cost 
    $242  
    $318  
    $85  
    $80 
  
    Interest Cost 
     1,159  
     1,070  
     430  
     328 
  
    Expected Return on Assets 
     (1,687) 
     (1,580) 
     (928) 
     (846)
  
    Amortization of Unrecognized Losses (Gains) 
     12  
     38  
     (153) 
     (275)
  
    Net Periodic Benefit* 
    $(274) 
    $(154) 
    $(566) 
    $(713)

    (In Thousands)

    Pension Benefits 
    Other Benefits

    Six Months Ended June 30,

    2025 
    2024 
    2025 
    2024

    Service Cost 
    $483  
    $635  
    $170  
    $160 
  
    Interest Cost 
     2,318  
     2,140  
     860  
     657 
  
    Expected Return on Assets 
     (3,374) 
     (3,161) 
     (1,856) 
     (1,692)
  
    Amortization of Unrecognized Losses (Gains) 
     25  
     76  
     (307) 
     (549)
  
    Net Periodic Benefit* 
    $(548) 
    $(310) 
    $(1,133) 
    $(1,424)

*Service cost is included Operations and Maintenance expense on the consolidated
statements of income; all other amounts are included in Other Income (Expense), net.

Note 9 – Revenue Recognition from Contracts with Customers

The Company’s revenues are primarily generated
from regulated tariff-based water and wastewater utility services and non-regulated operation and maintenance contracts for services on
water and wastewater systems owned by