Company: MSEX
Filing Date: 2025-07-29
Form Type: 424B5
Source: 0001104659-25-071727
Chunk: 38

Company: MIDDLESEX WATER CO
Filing Date: 2025-07-29
Form: 424B5
Chunk 38
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 reference to the Amendment No. 1 to the Annual Report on Form 10-K/A for the year ended December 31, 2024, and the effectiveness of our internal control over financial reporting have been audited by
Baker Tilly US, LLP, an independent registered public accounting firm, as stated in their report, which is incorporated herein by reference.
Such consolidated financial statements have been so incorporated in reliance on the report of Baker Tilly US, LLP, an independent registered
public accounting firm, given on their authority as experts in auditing and accounting.

<div align='center'>S-31

INDEMNIFICATION</div>

Our restated certificate
of incorporation, as amended, and our by-laws, as amended, provide that we shall indemnify our directors and officers to the fullest
extent permitted by law. These agreements will, among other things, indemnify these individuals for certain expenses (including attorneys’
fees), judgments, fines and settlement amounts reasonably incurred by such person in any action or proceeding, including any action by
or in our right, on account of any services undertaken by such person on behalf of us or that person’s status as a member of our
Board of Directors.

THIS PROSPECTUS SUPPLEMENT SHOULD BE RETAINED BY PLAN PARTICIPANTS FOR FUTURE REFERENCE.

<div align='center'>S-32</div>

PROSPECTUS

<div align='center'>Middlesex Water Company

Common Stock</div>

From time to time, we may
offer, issue and sell shares of our Common Stock in one or more offerings.

This prospectus provides
a general description of the securities we may offer. When we offer securities, we will provide specific terms of the securities offered
in a supplement to this prospectus. We may also authorize one or more free writing prospectuses to be provided to you in connection with
these offerings. The prospectus supplement and any related free writing prospectus may also add, update or change information contained
in this prospectus. You should carefully read this prospectus, the applicable prospectus supplement and any related free writing prospectus,
as well as any documents incorporated by reference, before you invest in any of the securities being offered.

Our Common Stock is traded
on The NASDAQ Global Select Market under the symbol “MSEX”.

We may offer and sell our
securities to or through one or more agents, underwriters, dealers or other third parties or directly to one or more purchasers on a
continuous or delayed basis or