Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 4

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 4
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 to, and treated at, the CJO Plant.

Tidewater System 

Our Tidewater System, together with our wholly-owned
subsidiary, Southern Shores, produced approximately 3.3 billion gallons in 2024, primarily from 172 wells. Tidewater expects to submit
applications to Delaware regulatory authorities for the approval of additional wells as growth, customer demand and water quality warrant.
Tidewater augments its water production with annual purchases of up to 75.0 million gallons of treated water from the City of Dover, Delaware.
Tidewater does not have a central water treatment facility for the over 480 separate communities it serves. As the number has grown, many
of Tidewater’s individual systems have been interconnected, forming several regional systems that are served by multiple water treatment
facilities owned by Tidewater. 

4 

Pinelands Water System 

Water supply to our Pinelands Water System is
derived from four wells which produced approximately 141.1 million gallons in 2024. The aggregate pumping capacity of the four wells is
2.2 mgd.

Wastewater Facilities

Pinelands Wastewater System 

The Pinelands Wastewater System discharges into
the South Branch of the Rancocas Creek through a wastewater treatment plant that provides clarification, sedimentation, filtration and
disinfection. The total capacity of the plant is 0.5 mgd, and the system treated approximately 92.6 million gallons in 2024.

Human Capital Management

The Company strives to attract and retain employees
by offering competitive compensation and benefits along with career development and training opportunities in a safe, supportive and inclusive
work environment. Our mission, our business philosophy and the manner in which we deliver value for our customers, our shareholders
and our employees is inherent in what we, as an enterprise, profess to be our core values of Respect, Integrity, Growth, Honesty
and Teamwork. Our employees’ success is a key element of the Company’s success.

Workforce

As of December 31, 2024, the Company had 360 employees. None of our
employees  is subject to a collective bargaining agreement. We believe our employee relations are positive.

Employee Compensation
and Benefits

We offer comprehensive competitive employee compensation
and benefit programs consistent with job functions, skill levels, experience, knowledge and geographic location. These programs are periodically
independently evaluated by a nationally recognized consulting firm to gauge effectiveness