Exhibit
      99.1











MIDDLESEX
      WATER COMPANY ANNOUNCES


2007
      FINANCIAL RESULTS


Annual
      Revenues Up $5.0 Million from 2006








ISELIN,
      NJ,  March 7,
      2008-Middlesex Water Company (NASDAQ Global Select Market: MSEX), a leading
      provider of water and wastewater services in New Jersey and Delaware, today
      reported operating revenue of $86.1 million for the year ended December 31,
      2007, compared to operating revenue of $81.1 million in 2006. Net income for
      the
      year ended December 31, 2007 was $11.8 million, up from $10.0 million for the
      same period in 2006.  Earningsapplicable to common stock
      for the year
      ended December 31, 2007, were $11.6 million, or $0.88 per basic share, compared
      with $9.8million, or $0.83 per basic share, in
      2006.  On a fully diluted basis, earnings per sharewas$0.87 for 2007, compared to $0.82 per
      share in 2006.


Middlesex
      Water President and Chief
      Executive Officer Dennis W. Doll said, “Our Delaware system, Tidewater Utilities,experienced
      record water production due
      to extendedwarm dryweather
      during the spring
      and summer. Customer growthfrom bothnewwater
      andwastewater connections
      inDelawarealso
      contributed to positive financial
      results.Revenues
      in our Middlesex system inNew Jerseyincreasedpredominantlydue
      to rate relief and increased sales
      to contract customers. We expect to see the full effect of the October 2007
      Middlesex rate increase reflected in our 2008 operating
      revenues.”


2007
      Operating Results


Consolidated
      operating revenues rose
      $5.0 million, or 6.2% over the same period in 2006.  Revenues improved
      by $3.7 million in our Delaware system, of which $2.4 million was a result
      of a
      base rate increase that was granted to Tidewater Utilities, Inc. Revenues in
      our
      Middlesex system increased by $0.7 million as a result of a 9.1% base rate
      increase implemented in October 2007.  InNew Jersey,
      water sales to contract customers
      improved by $0.3 million. Customer growth and higher consumption contributed
      $1.9 million of additional revenues.  New customer connections to
      existing and new wastewater systems inDelawareadded
      $0.3 million.


Total
      operating expenses for the year ended December 31, 2007 increased $3.7 million,
      up 6.2%, from 2006.  Labor costs increased by $1.3 million, additional
      power costs increased by $0.6 million and costs of pumping and water treatment
      rose $0.2 million.  Repair costs for water main breaks were $0.2
      million higher than the same period in 2006.  The cost to operate
      wastewater facilities in Delaware increased by $0.2 million as a result of
      the
      acquisition of the Milton, DE wastewater system during the
      year.  Depreciation expense rose by $0.5 million as we continue to
      construct additional utility plant to accommodate growth in our Delaware service
      territories.  Other taxes increased by $0.4 million reflecting higher
      assessments for real estate and increased gross receipts taxes in New Jersey
      All
      other operating costs increased by $0.3 million.








Fourth
      Quarter
      Results


For
      the three month period ended December 31, 2007, operating revenues increased
      to
      $21.2 million, up from $19.2 million, for the same period in 2006. This increase
      was largely due to rate relief, customer growth and higher consumption. Total
      operating expenses increased to $16.3 million, up from $14.8 million for the
      same period in 2006.


Net
      income increased to $2.6 million, up from $1.9 million, in 2006.  The
      increase of $0.7 million was due in part to higher operating revenues, the
      sale
      of certain water service rights in Delaware and the recognition of tax credits
      for the construction of a solar energy facility. Earnings applicable to common
      stock were $2.5 million, compared to $1.8 million for the same period in 2006.
      Basic and diluted earnings per share remained at $0.19 and $0.14 respectively,
      for both, in 2007 and 2006.


Company
      Quarterly Dividend


Middlesex
      Water paid a quarterly dividend of $0.1750 per share on the Common Stock on
      March 1, 2008, to stockholders of record as of February 15, 2008.  The
      Company has paid cash dividends in varying amounts continually since
      1912.


About
      Middlesex Water
      Company


Middlesex
      Water Company, organized in 1897, is a water utility serving customers in
      central and southern New Jersey and in the State of Delaware. The Company and
      its New Jersey subsidiaries -- Pinelands Water Company and Pinelands Wastewater
      Company -- are subject to the regulations of the Board of Public Utilities
      of
      the State of New Jersey. Middlesex Water Company operates the water and
      wastewater utilities for the City of Perth Amboy through its subsidiary, Utility
      Service Affiliates (Perth Amboy) Inc.  Middlesex Water also provides
      contract operations services and a service line maintenance program through
      its
      non-regulated subsidiary, Utility Service Affiliates, Inc.  The
      Company’s regulated Delaware subsidiaries, Tidewater Utilities, Inc., together
      with Southern Shores Water Company and Tidewater Environmental Services Inc.,
      are subject to the regulations of the Public Service Commission in Delaware.
      White Marsh Environmental Systems, Inc. operates small water and wastewater
      systems under contract on a non-regulated basis in Delaware.


These
      companies are also subject to various Federal and State regulatory agencies
      concerning water, and wastewater effluent, quality standards.


For
      additional information regarding Middlesex Water Company, visit the Company’s
      web site at www.middlesexwater.com
      or call (732) 634-1500.




This
      release contains forward-looking statements within the meaning of the Private
      Securities Litigation Reform Act of 1995, including, among
      others,  our long-term strategy and expectations, the status of our
      acquisition program, the impact of our acquisitions, the impact of current
      and
      projected rate requests and the impact of our capital program on our
      environmental compliance. There are important factors that could cause actual
      results to differ materially from those expressed or implied by such
      forward-looking statements including: general economic business conditions,
      unfavorable weather conditions, the success of certain
      cost  containment initiatives, changes in regulations or regulatory
      treatment, availability and the cost of capital, the success of growth
      initiatives and other factors discussed in our filings with the Securities
      and
      Exchange Commission.





Contact:


Bernadette
      Sohler, Vice President – Corporate Affairs


Middlesex
      Water Company


1500
      Ronson Road


Iselin,
      New Jersey   08830


www.middlesexwater.com








MIDDLESEX
                WATER
                COMPANYCONSOLIDATED
                STATEMENTS OF
                INCOME(In
                thousands except per share
                amounts)




Years
                Ended December
                31,2007
            
            
            2006Operating
                Revenues
            
            $
            86,114
            
            
            $
            81,061Operating
                Expenses:Operations
            
            
            42,117
            
            
            
            39,799Maintenance
            
            
            4,123
            
            
            
            3,546Depreciation
            
            
            7,539
            
            
            
            7,060Other
                Taxes
            
            
            9,664
            
            
            
            9,338Total
                Operating
                Expenses
            
            
            63,443
            
            
            
            59,743Operating
                Income
            
            
            22,671
            
            
            
            21,318Other
                Income
                (Expense):Allowance
                for Funds Used During
                Construction
            
            
            537
            
            
            
            632Other
                Income
            
            
            1,153
            
            
            
            160Other
                Expense
            
            
            (163
            )
            
            
            (18
            )Total
                Other Income,
                net
            
            
            1,527
            
            
            
            774Interest
                Charges
            
            
            6,619
            
            
            
            7,012Income
                before Income
                Taxes
            
            
            17,579
            
            
            
            15,080Income
                Taxes
            
            
            5,736
            
            
            
            5,041Net
                Income
            
            
            11,843
            
            
            
            10,039Preferred
                Stock Dividend
                Requirements
            
            
            248
            
            
            
            248Earnings
                Applicable to Common
                Stock
            
            $
            11,595
            
            
            $
            9,791Earnings
                per share of Common
                Stock:Basic
            
            $
            0.88
            
            
            $
            0.83Diluted
            
            $
            0.87
            
            
            $
            0.82Average
                Number
                ofCommon
                Shares Outstanding
                :Basic
            
            
            13,203
            
            
            
            11,844Diluted
            
            
            13,534
            
            
            
            12,175Cash
                Dividends Paid per Common
                Share
            
            $
            0.693
            
            
            $
            0.683