Company: MSEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001174947-25-000677
Chunk: 59

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 59
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 fiscal year and beyond and the sources and availability of funds to meet its liquidity needs;

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    expected customer rates, consumption volumes, service fees, revenues, margins, expenses and operating results;

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    financial projections;

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    the expected amount of cash contributions to fund the Company’s retirement benefit plans, anticipated discount rates and rates of return on plan assets;

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    the ability of the Company to pay dividends;

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    the Company’s compliance with environmental laws and regulations and estimations of the materiality of any related costs;

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    the safety and reliability of the Company’s equipment, facilities and operations;

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    the Company’s plans to renew municipal franchises and consents in the territories it serves; 

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    trends; and

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    the availability and quality of our water supply.

These forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking
statements. Important factors that could cause actual results to differ materially from anticipated results and outcomes include, but
are not limited to:

    -
    effects of general economic conditions, including recently announced tariffs;

    -
    increases in competition for growth in non-franchised markets to be potentially served by the Company;

    -
    ability of the Company to adequately control selected operating expenses which are necessary to maintain safe and proper utility services, and which may be beyond the Company’s control;

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    availability of adequate supplies of quality water;

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    actions taken by government regulators, including decisions on rate increase requests;

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    new or modified water quality standards and compliance with related legal and regulatory requirements;

    -
    weather variations, including climate variability, and other natural phenomena impacting utility operations;

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    financial and operating risks associated with acquisitions and/or privatizations;

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    acts of war or terrorism;

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    cyber-attacks;

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    changes in the pace of new housing development;

17 

    -
    availability and cost of capital resources; 

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    timely availability of materials and supplies for operations and critical infrastructure projects;

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    effectiveness of internal control over financial reporting; and

    -
    other factors discussed elsewhere in this report.

Many of these factors are beyond the Company’s
ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements,
which only speak to the Company’s understanding as of the date of this report. The Company does not undertake