----

----

| (Mark      One) |                                                                                               |   |
|-----------------|----------------------------------------------------------------------------------------------------|--------|
| þ          | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934  |
|            | For      the quarterly period ended March 31, 2009                                                 |   |
|            |                                                                                               |   |
| OR              |
|            |                                                                                               |   |
|  ̈          | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |

| New      Jersey(State      of incorporation) | 22-1114430(IRS      employer identification no.) |
|----------------------------------------------|--------------------------------------------------|

----

D

| PART I.    | FINANCIAL INFORMATION                                                                      | PAGE   |
|------------|--------------------------------------------------------------------------------------------|--------|
|       |                                                                                       |   |
| Item 1.    | Financial Statements:                                                                      |   |
|       |                                                                                       |   |
|       | Condensed Consolidated Statements of Income                                                | 1      |
|       |                                                                                       |   |
|       | Condensed Consolidated Balance Sheets                                                      | 2      |
|       |                                                                                       |   |
|       | Condensed Consolidated Statements of Cash    Flows                                         | 3      |
|       |                                                                                       |   |
|       | Condensed Consolidated Statements of Capital Stock and      Long-term Debt                 | 4      |
|       |                                                                                       |   |
|       | Notes to Unaudited Condensed Consolidated Financial      Statements                        | 5      |
|       |                                                                                       |   |
| Item 2.    | Management's Discussion and Analysis of Financial Condition and Results of      Operations | 14     |
|       |                                                                                       |   |
| Item 3.    | Quantitative and Qualitative Disclosures of Market      Risk                               | 19     |
|       |                                                                                       |   |
| Item 4.    | Controls and Procedures                                                                    | 19     |
|       |                                                                                       |   |
| PART II.   | OTHER INFORMATION                                                                          |   |
|       |                                                                                       |   |
| Item 1.    | Legal Proceedings                                                                          | 20     |
|       |                                                                                       |   |
| Item 1A.   | Risk Factors                                                                               | 20     |
|       |                                                                                       |   |
| Item 2.    | Unregistered Sales of Equity Securities and Use of      Proceeds                           | 20     |
|       |                                                                                       |   |
| Item 3.    | Defaults upon Senior Securities                                                            | 20     |
|       |                                                                                       |   |
| Item 4.    | Submission of Matters to a Vote of Security      Holders                                   | 20     |
|       |                                                                                       |   |
| Item 5.    | Other Information                                                                          | 20     |
|       |                                                                                       |   |
| Item 6.    | Exhibits                                                                                   | 21     |
|       |                                                                                       |   |
| SIGNATURES | 22                                                                                         |

----

Index

|  MIDDLESEX WATER COMPANY                                 |
|---------------------------------------------------------------|
| CONDENSED      CONSOLIDATED STATEMENTS OF INCOME              |
| (Unaudited)                                                   |
| (In      thousands except per share amounts)                  |
|                                                          |   |   |   |   |   |   |
|                                                          |   | Three      Months Ended March 31, |   |
|                                                          |   | 2009 |   |   | 2008 |   |
|                                                          |   |   |   |   |   |   |
| Operating      Revenues                                       |   | $ | 20,583 |   |   | $ | 20,855 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Operating      Expenses:                                      |   |   |   |   |   |   |   |   |
| Operations                                                    |   |   | 11,855 |   |   |   | 11,102 |   |
| Maintenance                                                   |   |   | 1,188 |   |   |   | 996 |   |
| Depreciation                                                  |   |   | 2,086 |   |   |   | 1,931 |   |
| Other      Taxes                                              |   |   | 2,452 |   |   |   | 2,479 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Total      Operating Expenses                                 |   |   | 17,581 |   |   |   | 16,508 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Operating      Income                                         |   |   | 3,002 |   |   |   | 4,347 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Other      Income (Expense):                                  |   |   |   |   |   |   |   |   |
| Allowance      for Funds Used During Construction             |   |   | 241 |   |   |   | 103 |   |
| Other      Income                                             |   |   | 178 |   |   |   | 241 |   |
| Other      Expense                                            |   |   | (10 | ) |   |   | (46 | ) |
|                                                          |   |   |   |   |   |   |   |   |
| Total      Other Income, net                                  |   |   | 409 |   |   |   | 298 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Interest      Charges                                         |   |   | 1,392 |   |   |   | 1,517 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Income      before Income Taxes                               |   |   | 2,019 |   |   |   | 3,128 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Income      Taxes                                             |   |   | 658 |   |   |   | 1,124 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Net      Income                                               |   |   | 1,361 |   |   |   | 2,004 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Preferred      Stock Dividend Requirements                    |   |   | 52 |   |   |   | 62 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Earnings      Applicable to Common Stock                      |   | $ | 1,309 |   |   | $ | 1,942 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Earnings      per share of Common Stock:                      |   |   |   |   |   |   |   |   |
| Basic                                                         |   | $ | 0.10 |   |   | $ | 0.15 |   |
| Diluted                                                       |   | $ | 0.10 |   |   | $ | 0.15 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Average      Number of Common Shares Outstanding:             |   |   |   |   |   |   |   |   |
| Basic                                                         |   |   | 13,413 |   |   |   | 13,254 |   |
| Diluted                                                       |   |   | 13,676 |   |   |   | 13,585 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Cash      Dividends Paid per Common Share                     |   | $ | 0.1775 |   |   | $ | 0.1750 |   |
|                                                          |   |   |   |   |   |   |   |   |
|                                                          |   |   |   |   |   |   |   |   |
| See      Notes to Condensed Consolidated Financial Statements |   |   |   |   |   |   |   |   |

----

Index

| MIDDLESEX      WATER COMPANY                          |
|-------------------------------------------------------|
| CONDENSED      CONSOLIDATED  BALANCE SHEETS |
| (Unaudited      )                                     |
| (In      thousands)                                   |

|                                                           |                                              |                                                      |   |                                                                                   | March      31,                                                                                               |                                                                                       | December      31,                                                                          |
|----------------------------------------------------------------|---------------------------------------------------|-----------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------|
| ASSETS                                                         |                                              |                                                      |   | 2009                                                                                   |                                                                                                         | 2008                                                                                       |
| UTILITY      PLANT:                                            | Water      Production                             |                                                      |   |  $            107,708 |                                                                                                         |  $         107,517                       |
|                                                           |                                              | Transmission      and Distribution                        |   |                                                                                   |                285,975            |                                                                                       |             283,759            |
|                                                           |                                              | General                                                   |   |                                                                                   |                  27,604 |                                                                                       |               27,142 |
|                                                           |                                              | Construction      Work in Progress                        |   |                                                                                   |                  15,767 |                                                                                       |               11,653 |
|                                                           |                                              | TOTAL                                                     |   |                                                                                   |                437,054            |                                                                                       |             430,071            |
|                                                           |                                              | Less      Accumulated Depreciation                        |   |                                                                                   |                  72,241 |                                                                                       |               70,544 |
|                                                           |                                              | UTILITY      PLANT - NET                                  |   |                                                                                   |                364,813            |                                                                                       |             359,527            |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| CURRENT      ASSETS:                                           | Cash      and Cash Equivalents                    |                                                      |   | 3,158                                                                                  |                                                                                                         | 3,288                                                                                      |
|                                                           |                                              | Accounts      Receivable, net                             |   |                                                                                   | 8,971                                                                                                        |                                                                                       | 9,510                                                                                      |
|                                                           |                                              | Unbilled      Revenues                                    |   |                                                                                   | 4,359                                                                                                        |                                                                                       | 4,822                                                                                      |
|                                                           |                                              | Materials      and Supplies (at average cost)             |   |                                                                                   | 1,480                                                                                                        |                                                                                       | 1,475                                                                                      |
|                                                           |                                              | Prepayments                                               |   |                                                                                   | 993                                                                                                          |                                                                                       | 1,481                                                                                      |
|                                                           |                                              | TOTAL      CURRENT ASSETS                                 |   |                                                                                   | 18,961                                                                                                       |                                                                                       | 20,576                                                                                     |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| DEFERRED      CHARGES                                          | Unamortized      Debt Expense                     |                                                      |   | 2,986                                                                                  |                                                                                                         | 2,903                                                                                      |
| AND      OTHER ASSETS:                                         | Preliminary      Survey and Investigation Charges |                                                      |   | 6,915                                                                                  |                                                                                                         | 7,187                                                                                      |
|                                                           |                                              | Regulatory      Assets                                    |   |                                                                                   | 31,747                                                                                                       |                                                                                       | 31,910                                                                                     |
|                                                           |                                              | Operations      Contracts Fees Receivable                 |   |                                                                                   | 3,736                                                                                                        |                                                                                       | 3,708                                                                                      |
|                                                           |                                              | Restricted      Cash                                      |   |                                                                                   | 6,947                                                                                                        |                                                                                       | 7,049                                                                                      |
|                                                           |                                              | Non-utility      Assets - Net                             |   |                                                                                   | 6,727                                                                                                        |                                                                                       | 6,762                                                                                      |
|                                                           |                                              | Other                                                     |   |                                                                                   | 519                                                                                                          |                                                                                       | 378                                                                                        |
|                                                           |                                              | TOTAL      DEFERRED CHARGES AND OTHER ASSETS              | 59,577 |                                                                                   | 59,897                                                                                                       |
|                                                           |                                              | TOTAL      ASSETS                                         |   |                                                                                   |  $            443,351                       |                                                                                       |  $         440,000                       |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| CAPITALIZATION      AND LIABILITIES                            |                                              |                                                      |   |                                                                                   |                                                                                                         |
| CAPITALIZATION:                                                | Common      Stock, No Par Value                   |                                                      |   |  $            108,100 |                                                                                                         |  $         107,726                       |
|                                                           |                                              | Retained      Earnings                                    |   |                                                                                   | 29,006                                                                                                       |                                                                                       | 30,077                                                                                     |
|                                                           |                                              | TOTAL      COMMON EQUITY                                  |   |                                                                                   | 137,106                                                                                                      |                                                                                       | 137,803                                                                                    |
|                                                           |                                              | Preferred      Stock                                      |   |                                                                                   | 3,375                                                                                                        |                                                                                       | 3,375                                                                                      |
|                                                           |                                              | Long-term      Debt                                       |   |                                                                                   | 124,351                                                                                                      |                                                                                       | 118,217                                                                                    |
|                                                           |                                              | TOTAL      CAPITALIZATION                                 |   |                                                                                   | 264,832                                                                                                      |                                                                                       | 259,395                                                                                    |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| CURRENT                                                        | Current      Portion of Long-term Debt            |                                                      |   | 3,323                                                                                  |                                                                                                         | 17,985                                                                                     |
| LIABILITIES:                                                   | Notes      Payable                                |                                                      |   | 37,010                                                                                 |                                                                                                         |               25,877 |
|                                                           |                                              | Accounts      Payable                                     |   |                                                                                   | 4,957                                                                                                        |                                                                                       | 5,689                                                                                      |
|                                                           |                                              | Accrued      Taxes                                        |   |                                                                                   | 9,420                                                                                                        |                                                                                       | 7,781                                                                                      |
|                                                           |                                              | Accrued      Interest                                     |   |                                                                                   | 887                                                                                                          |                                                                                       | 2,053                                                                                      |
|                                                           |                                              | Unearned      Revenues and Advanced Service Fees          |   | 812                                                                                    |                                                                                                         | 842                                                                                        |
|                                                           |                                              | Other                                                     |   |                                                                                   | 1,619                                                                                                        |                                                                                       | 1,243                                                                                      |
|                                                           |                                              | TOTAL      CURRENT LIABILITIES                            |   |                                                                                   | 58,028                                                                                                       |                                                                                       | 61,470                                                                                     |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| COMMITMENTS      AND CONTINGENT LIABILITIES (Note 7)           |                                              |                                                      |   |                                                                                   |                                                                                                         |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| DEFERRED      CREDITS                                          | Customer      Advances for Construction           |                                                      |   | 21,871                                                                                 |                                                                                                         | 22,089                                                                                     |
| AND      OTHER LIABILITIES:                                    | Accumulated      Deferred Investment Tax Credits  |                                                      | 1,362  |                                                                                   | 1,382                                                                                                        |
|                                                           |                                              | Accumulated      Deferred Income Taxes                    |   |                                                                                   | 22,135                                                                                                       |                                                                                       | 21,733                                                                                     |
|                                                           |                                              | Employee      Benefit Plans                               |   |                                                                                   | 26,023                                                                                                       |                                                                                       | 25,540                                                                                     |
|                                                           |                                              | Regulatory      Liability - Cost of Utility Plant Removal | 6,347  |                                                                                   | 6,197                                                                                                        |
|                                                           |                                              | Other                                                     |   |                                                                                   | 931                                                                                                          |                                                                                       | 963                                                                                        |
|                                                           |                                              | TOTAL      DEFERRED CREDITS AND OTHER LIABILITIES         | 78,669 |                                                                                   | 77,904                                                                                                       |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| CONTRIBUTIONS      IN AID OF CONSTRUCTION                      |                                              |                                                      | 41,822 |                                                                                   | 41,231                                                                                                       |
|                                                           |                                              | TOTAL      CAPITALIZATION AND LIABILITIES                 |   |  $            443,351 |                                                                                                         |  $         440,000                       |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |
| See      Notes to Condensed Consolidated Financial Statements. |                                              |                                                      |   |                                                                                   |                                                                                                         |
|                                                           |                                              |                                                      |   |                                                                                   |                                                                                                         |                                                                                       |                                                                                       |

----

Index

| MIDDLESEX      WATER COMPANY                         |
|------------------------------------------------------|
| CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (Unaudited)                                          |
| (In      thousands)                                  |

|                                                                               |   |                              |    |   |   |   |
|------------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|--------|--------|
|                                                                               |   |                              |    |   |   |   |
|                                                                               |   | Three      Months Ended March 31, |    |
|                                                                               |   | 2009                              |    | 2008   |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                         |   |                              |    |   |   |   |
| Net      Income                                                                    |   | $                                 | 1,361   |   |   | $      | 2,004 |   |
| Adjustments      to Reconcile Net Income to                                        |   |                              |    |   |   |   |   |   |
| Net      Cash Provided by Operating Activities:                                    |   |                              |    |   |   |   |   |   |
| Depreciation      and Amortization                                                 |   |                              | 2,236   |   |   |   | 2,088 |   |
| Provision      for Deferred Income Taxes and ITC                                   |   |                              | 325     |   |   |   | 123 |   |
| Equity      Portion of AFUDC                                                       |   |                              | (129    | )      |   |   | (54 | ) |
| Cash      Surrender Value of Life Insurance                                        |   |                              | 51      |   |   |   | 172 |   |
| Changes      in Assets and Liabilities:                                            |   |                              |    |   |   |   |   |   |
| Accounts      Receivable                                                           |   |                              | 511     |   |   |   | 128 |   |
| Unbilled      Revenues                                                             |   |                              | 463     |   |   |   | 245 |   |
| Materials      & Supplies                                                      |   |                              | (5      | )      |   |   | (68 | ) |
| Prepayments                                                                        |   |                              | 488     |   |   |   | 368 |   |
| Other      Assets                                                                  |   |                              | (311    | )      |   |   | (213 | ) |
| Accounts      Payable                                                              |   |                              | (732    | )      |   |   | (1,006 | ) |
| Accrued      Taxes                                                                 |   |                              | 1,639   |   |   |   | 2,092 |   |
| Accrued      Interest                                                              |   |                              | (1,166  | )      |   |   | (941 | ) |
| Employee      Benefit Plans                                                        |   |                              | 673     |   |   |   | 678 |   |
| Unearned      Revenue & Advanced Service Fees                                  |   |                              | (30     | )      |   |   | - |   |
| Other      Liabilities                                                             |   |                              | 344     |   |   |   | 115 |   |
|                                                                               |   |                              |    |   |   |   |   |   |
| NET      CASH PROVIDED BY OPERATING ACTIVITIES                                     |   |                              | 5,718   |   |   |   | 5,731 |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                         |   |                              |    |   |   |   |   |   |
|                                                                               |   |                              |    |   |   |   |   |   |
| Utility      Plant Expenditures, Including AFUDC of $112 in 2009, $49 in      2008 |   |                              | (5,976  | )      |   |   | (7,008 | ) |
| Restricted      Cash                                                               |   |                              | 116     |   |   |   | 219 |   |
|                                                                               |   |                              |    |   |   |   |   |   |
| NET      CASH USED IN INVESTING ACTIVITIES                                         |   |                              | (5,860  | )      |   |   | (6,789 | ) |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                                         |   |                              |    |   |   |   |   |   |
| Redemption      of Long-term Debt                                                  |   |                              | (15,541 | )      |   |   | (490 | ) |
| Proceeds      from Issuance of Long-term Debt                                      |   |                              | 7,013   |   |   |   | 343 |   |
| Net      Short-term Bank Borrowings                                                |   |                              | 11,133  |   |   |   | 2,750 |   |
| Deferred      Debt Issuance Expenses                                               |   |                              | (125    | )      |   |   | (28 | ) |
| Restricted      Cash                                                               |   |                              | (14     | )      |   |   | - |   |
| Proceeds      from Issuance of Common Stock                                        |   |                              | 374     |   |   |   | 357 |   |
| Payment      of Common Dividends                                                   |   |                              | (2,380  | )      |   |   | (2,319 | ) |
| Payment      of Preferred Dividends                                                |   |                              | (52     | )      |   |   | (62 | ) |
| Construction      Advances and Contributions-Net                                   |   |                              | (396    | )      |   |   | (60 | ) |
|                                                                               |   |                              |    |   |   |   |   |   |
| NET      CASH PROVIDED BY FINANCING ACTIVITIES                                     |   |                              | 12      |   |   |   | 491 |   |
| NET      CHANGES IN CASH AND CASH EQUIVALENTS                                      |   |                              | (130    | )      |   |   | (567 | ) |
| CASH      AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                              |   |                              | 3,288   |   |   |   | 2,029 |   |
| CASH      AND CASH EQUIVALENTS AT END OF PERIOD                                    |   | $                                 | 3,158   |   |   | $      | 1,462 |   |
|                                                                               |   |                              |    |   |   |   |   |   |
|                                                                               |   |                              |    |   |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURE OF NON-CASH ACTIVITY:                                 |   |                              |    |   |   |   |   |   |
| Utility      Plant received as Construction Advances and Contributions             |   | $                                 | 769     |   |   | $      | 546 |   |
|                                                                               |   |                              |    |   |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURE OF CASH FLOWS INFORMATION:                            |   |                              |    |   |   |   |   |   |
|    Cash      Paid During the Year for:                              |   |                              |    |   |   |   |   |   |
| Interest                                                                           |   | $                                 | 2,623   |   |   | $      | 2,546 |   |
| Interest      Capitalized                                                          |   | $                                 | (112    | )      |   | $      | (49 | ) |
| Income      Taxes                                                                  |   | $                                 | 420     |   |   | $      | 701 |   |
|                                                                               |   |                              |    |   |   |   |   |   |
| See      Notes to Condensed Consolidated Financial Statements.                     |   |                              |    |   |   |   |   |   |

----

Index

| MIDDLESEX      WATER COMPANY                            |
|---------------------------------------------------------|
| CONDENSED      CONSOLIDATED STATEMENTS OF CAPITAL STOCK |
| AND      LONG-TERM DEBT                                 |
| (Unaudited)                                             |
| (In      thousands)                                     |

|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            | March      31,                                                                                                  |                                                                                 | December      31,                                              |
|-----------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|----------------------------------------------------------------|
|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            | 2009                                                                                                            |                                                                                 | 2008                                                           |
| Common      Stock, No Par Value                                       |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |
|                                                                  | Shares      Authorized -                                                                                        | 40,000                                                                                                          |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |
|                                                                  | Shares      Outstanding -                                                                                       | 2009      - 13,425                                                                                              |                                                                                                                                        |  $        108,100                                                  |                                                                                                            |  $        107,726                       |
|                                                                  |                                                                                                            |                                                                                                            | 2008      - 13,404                                                                                                                          |                                                                                                            |                                                                                                            |                                                                                 |                                                           |
|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |                                                           |
| Retained      Earnings                                                |                                                                                                            |                                                                                                            |              29,006                                                        |                                                                                                            |              30,077                            |
|                                                                  |                                                                                                            | TOTAL      COMMON EQUITY                                                                                        |                                                                                                                                        |  $        137,106                                                  |                                                                                                            |  $        137,803                       |
|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |                                                           |
| Cumulative      Preference Stock, No Par Value:                       |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |
|                                                                  | Shares      Authorized -                                                                                        | 100                                                                                                             |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |
|                                                                  | Shares      Outstanding -                                                                                       | None                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |
| Cumulative      Preferred Stock, No Par Value:                        |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |
|                                                                  | Shares      Authorized -                                                                                        | 134                                                                                                             |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |
|                                                                  | Shares      Outstanding -                                                                                       | 32                                                                                                              |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |
| Convertible:                                                          |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |
|                                                                  | Shares      Outstanding, $7.00 Series - 14                                                                      |                                                                                                            | $                 1,457                                                              |                                                                                                            | $                 1,457                                  |
|                                                                  | Shares      Outstanding, $8.00 Series - 7                                                                       |                                                                                                            | 816                                                                                                                                         |                                                                                                            | 816                                                                                                             |
| Nonredeemable:                                                        |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |
|                                                                  | Shares      Outstanding, $7.00 Series - 1                                                                  | 102                                                                                                             |                                                                                                                                        | 102                                                                                                             |
|                                                                  | Shares      Outstanding, $4.75 Series - 10                                                                      |                                                                                                            | 1,000                                                                                                                                       |                                                                                                            | 1,000                                                                                                           |
|                                                                  |                                                                                                            | TOTAL      PREFERRED STOCK                                                                                      |                                                                                                                                        |  $            3,375                            |                                                                                                            |  $            3,375 |
|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |                                                           |
| Long-term      Debt:                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |
| 8.05%,      Amortizing Secured Note, due December 20, 2021            |  $            2,668                            |                                                                                                            |  $            2,695                                                        |
| 6.25%,      Amortizing Secured Note, due May 19, 2028                 |                8,050                 |                                                                                                            |                8,155                                             |
| 6.44%,      Amortizing Secured Note, due August 25, 2030              |                5,997                 |                                                                                                            |                6,067                                             |
| 6.46%,      Amortizing Secured Note, due September 19, 2031           |                6,277                 |                                                                                                            |                6,347                                             |
| 6.59%,      Amortizing Secured Note, due April 20, 2029               |                6,976                 |                                                                                                            |                        - |
| 4.22%,      State Revolving Trust Note, due December 31, 2022         |                   657 |                                                                                                            |                   657                             |
| 3.30%      to 3.60%, State Revolving Trust Note, due May 1, 2025      |                3,702                 |                                                                                                            |                3,689                                             |
| 3.49%,      State Revolving Trust Note, due January 25, 2027          |                   677 |                                                                                                            |                   675                             |
| 4.03%,      State Revolving Trust Note, due December 1, 2026          |                   939 |                                                                                                            |                   939                             |
| 4.00%      to 5.00%, State Revolving Trust Bond, due September 1,2021 |                   660 |                                                                                                            |                   660                             |
| 0.00%,      State Revolving Fund Bond, due September 1, 2021          |                   464 |                                                                                                            |                   500                             |
| 3.64%,      State Revolving Trust Note, due July 1, 2028              |                   395 |                                                                                                            |                   389                             |
| 3.64%,      State Revolving Trust Note, due January 1, 2028           |                   137 |                                                                                                            |                   140                             |
| First      Mortgage Bonds:                                            |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |
|                                                                  | 5.20%,      Series S, due October 1, 2022                                                                       |                                                                                                            |              12,000                                                        |                                                                                                            |              12,000                            |
|                                                                  | 5.25%,      Series T, due October 1, 2023                                                                       |                                                                                                            |                6,500                                             |                                                                                                            |                6,500                 |
|                                                                  | 6.40%,      Series U, due February 1, 2009                                                                      |                                                                                                            |                        - |                                                                                                            |              15,000                            |
|                                                                  | 5.25%,      Series V, due February 1, 2029                                                                      |                                                                                                            |              10,000                                                        |                                                                                                            |              10,000                            |
|                                                                  | 5.35%,      Series W, due February 1, 2038                                                                      |                                                                                                            |              23,000                                                        |                                                                                                            |              23,000                            |
|                                                                  | 0.00%,      Series X, due September 1, 2018                                                                     |                                                                                                            |                   529                             |                                                                                                            |                   538 |
|                                                                  | 4.25%      to 4.63%, Series Y, due September 1, 2018                                                            |                   710 |                                                                                                                                        |                   710 |
|                                                                  | 0.00%,      Series Z, due September 1, 2019                                                                     |                                                                                                            |                1,207                                             |                                                                                                            |                1,230                 |
|                                                                  | 5.25%      to 5.75%, Series AA, due September 1, 2019                                                           |                1,675                 |                                                                                                                                        |                1,675                 |
|                                                                  | 0.00%,      Series BB, due September 1, 2021                                                                    |                                                                                                            |                1,538                                             |                                                                                                            |                1,566                 |
|                                                                  | 4.00%      to 5.00%, Series CC, due September 1, 2021                                                           |                1,895                 |                                                                                                                                        |                1,895                 |
|                                                                  | 5.10%,      Series DD, due January 1, 2032                                                                      |                                                                                                            |                6,000                                             |                                                                                                            |                6,000                 |
|                                                                  | 0.00%,      Series EE, due September 1, 2024                                                                    |                                                                                                            |                6,588                                             |                                                                                                            |                6,693                 |
|                                                                  | 3.00%      to 5.50%, Series FF, due September 1, 2024                                                           |                8,025                 |                                                                                                                                        |                8,025                 |
|                                                                  | 0.00%,      Series GG, due August 1, 2026                                                                       |                                                                                                            |                1,595                                             |                                                                                                            |                1,619                 |
|                                                                  | 4.00%      to 5.00%, Series HH, due August 1, 2026                                                              |                1,880                 |                                                                                                                                        |                1,880                 |
|                                                                  | 0.00%,      Series II, due August 1, 2027                                                                       |                                                                                                            |                1,683                                             |                                                                                                            |                1,708                 |
|                                                                  | 3.40%      to 5.00%, Series JJ, due August 1, 2027                                                              |                1,750                 |                                                                                                                                        |                1,750                 |
|                                                                  | 0.00%,      Series KK, due August 1, 2028                                                                       |                                                                                                            |                1,750                                             |                                                                                                            |                1,750                 |
|                                                                  | 5.00%      to 5.50%, Series LL, due August 1, 2028                                                              |                1,750                 |                                                                                                                                        |                1,750                 |
|                                                                  |                                                                                                            | SUBTOTAL      LONG-TERM DEBT                                                                                    |                                                                                                                                        |            127,674                                       |                                                                                                            |            136,202            |
|                                                                  |                                                                                                            |                                                                                                            | Less:      Current Portion of Long-term Debt                                                                                                |               (3,323)                     |                                                                                                            |             (17,985)     |
|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        | TOTAL      LONG-TERM DEBT                                                                                       |  $        124,351                                                  |                                                                                 |  $        118,217 |
|                                                                  |                                                                                                            |                                                                                                            |                                                                                                                                        |                                                                                                            |                                                                                                            |                                                                                 |                                                           |
| See      Notes to Condensed Consolidated Financial Statements.        |                                                                                                            |                                                                                                            |                                                                                                                                        |

----

Index

M

----

Index

----

Index

----

Index

|                                                         |   | (In      Thousands Except per Share Amounts) |   |
|--------------------------------------------------------------|--------|----------------------------------------------|--------|
|                                                         |   | Three      Months Ended March 31,            |   |
| Basic:                                                       |   | 2009                                         |   |   | Shares |   |   | 2008 |   |   | Shares |   |
| Net      Income                                              |   | $                                            | 1,361  |   |   |   | 13,413 |   |   | $ | 2,004 |   |   |   | 13,254 |   |
| Preferred      Dividend                                      |   |                                         | (52    | ) |   |   |   |   |   |   | (62 | ) |   |   |   |   |
| Earnings      Applicable to Common Stock                     |   | $                                            | 1,309  |   |   |   | 13,413 |   |   | $ | 1,942 |   |   |   | 13,254 |   |
|                                                         |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      EPS                                               |   | $                                            | 0.10   |   |   |   |   |   |   | $ | 0.15 |   |   |   |   |   |
|                                                         |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted:                                                     |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      Applicable to Common Stock                     |   | $                                            | 1,309  |   |   |   | 13,413 |   |   | $ | 1,942 |   |   |   | 13,254 |   |
| $7.00      Series Preferred Dividend                         |   |                                         | 24     |   |   |   | 167 |   |   |   | 24 |   |   |   | 167 |   |
| $8.00      Series Preferred Dividend                         |   |                                         | 14     |   |   |   | 96 |   |   |   | 24 |   |   |   | 164 |   |
| Adjusted      Earnings Applicable to  Common Stock |   | $                                            | 1,347  |   |   |   | 13,676 |   |   | $ | 1,990 |   |   |   | 13,585 |   |
|                                                         |   |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      EPS                                             |   | $                                            | 0.10   |   |   |   |   |   |   | $ | 0.15 |   |   |   |   |   |

|                                         |   | (In      Thousands)Three      Months EndedMarch      31, |   |
|----------------------------------------------|--------|----------------------------------------------------------|--------|
| Operations      by Segments:                 |   | 2009                                                     |   |   | 2008 |   |
| Revenues:                                    |   |                                                     |   |   |   |   |
|    Regulated                  |   | $                                                        | 17,976 |   |   | $ | 18,422 |   |
|    Non      – Regulated |   |                                                     | 2,666  |   |   |   | 2,484 |   |
| Inter-segment      Elimination               |   |                                                     | (59    | ) |   |   | (51 | ) |
| Consolidated      Revenues                   |   | $                                                        | 20,583 |   |   | $ | 20,855 |   |
|  Operating      Income:                 |   |                                                     |   |   |   |   |   |   |
|    Regulated                  |   | $                                                        | 2,599  |   |   | $ | 3,891 |   |
|    Non      – Regulated |   |                                                     | 403    |   |   |   | 456 |   |
| Consolidated      Operating Income           |   | $                                                        | 3,002  |   |   | $ | 4,347 |   |
|                                         |   |                                                     |   |   |   |   |   |   |
| Net      Income:                             |   |                                                     |   |   |   |   |   |   |
|    Regulated                  |   | $                                                        | 1,086  |   |   | $ | 1,701 |   |
|    Non      – Regulated |   |                                                     | 275    |   |   |   | 303 |   |
| Consolidated      Net Income                 |   | $                                                        | 1,361  |   |   | $ | 2,004 |   |
|                                         |   |                                                     |   |   |   |   |   |   |
| Capital      Expenditures:                   |   |                                                     |   |   |   |   |   |   |
|    Regulated                  |   | $                                                        | 6,294  |   |   | $ | 6,311 |   |
|    Non      – Regulated |   |                                                     | (48    | ) |   |   | 16 |   |
| Total      Capital Expenditures              |   | $                                                        | 6,246  |   |   | $ | 6,327 |   |

----

Index

|                                         |   | As      ofMarch      31,2009 |    |   | As      ofDecember      31,2008 |   |
|----------------------------------------------|--------|------------------------------|---------|--------|---------------------------------|--------|
| Assets:                                      |   |                         |    |   |                            |   |
|    Regulated                  |   | $                            | 436,509 |   |                            | $      | 433,109 |   |
|    Non      – Regulated |   |                         | 11,464  |   |                            |   | 11,537 |   |
| Inter-segment      Elimination               |   |                         | (4,622  | )      |                            |   | (4,646 | ) |
| Consolidated      Assets                     |   | $                            | 443,351 |   |                            | $      | 440,000 |   |

----

Index

----

Index

|             |   | (In      Thousands)Three      Months EndedMarch      31, |   |
|------------------|--------|----------------------------------------------------------|--------|
|             |   | 2009                                                     |   |   | 2008 |   |
| Purchased Water  |   |                                                     |   |   |   |   |
| Treated          |   | $                                                        | 541    |   |   | $ | 522 |   |
| Untreated        |   |                                                     | 598    |   |   |   | 605 |   |
| Total      Costs |   | $                                                        | 1,139  |   |   | $ | 1,127 |   |

----

Index

|                                                 |   | (In      Thousands)               |   |
|------------------------------------------------------|--------|-----------------------------------|--------|
|                                                 |   | Pension Benefits                  |   |   | Other Benefits |   |
|                                                 |   | Three      Months Ended March 31, |   |
|                                                 |   | 2009                              |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                 |   |                              |   |   |   |   |   |   |   |   |   |   |
| Service      Cost                                    |   | $                                 | 343    |   |   | $ | 324 |   |   | $ | 223 |   |   | $ | 205 |   |
| Interest      Cost                                   |   |                              | 525    |   |   |   | 452 |   |   |   | 272 |   |   |   | 224 |   |
| Expected      Return on Assets                       |   |                              | (401   | ) |   |   | (455 | ) |   |   | (149 | ) |   |   | (120 | ) |
| Amortization      of Unrecognized Losses             |   |                              | 154    |   |   |   | 19 |   |   |   | 123 |   |   |   | 84 |   |
| Amortization      of Unrecognized Prior Service Cost |   |                              | 2      |   |   |   | 2 |   |   |   | - |   |   |   | - |   |
| Amortization      of Transition Obligation           |   |                              | -      |   |   |   | - |   |   |   | 34 |   |   |   | 34 |   |
| Net      Periodic Benefit Cost                       |   | $                                 | 623    |   |   | $ | 342 |   |   | $ | 503 |   |   | $ | 427 |   |

----

Index

|                                                                          |   | (In      Thousands)Three      Months EndedMarch      31, |   |
|-------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|
|                                                                          |   | 2009                                                     |   |   | 2008 |   |
|                                                                          |   |                                                     |   |   |   |   |
| Net      Income                                                               |   | $                                                        | 1,361  |   |   | $ | 2,004 |   |
|                                                                          |   |                                                     |   |   |   |   |   |   |
| Other      Comprehensive Loss:                                                |   |                                                     |   |   |   |   |   |   |
| Change      in Value of Equity Investments,  Net      of Income Tax |   |                                                     | -      |   |   |   | (12 | ) |
|      Other      Comprehensive Loss                   |   |                                                     | -      |   |   |   | (12 | ) |
|                                                                          |   |                                                     |   |   |   |   |   |   |
| Comprehensive      Income                                                     |   | $                                                        | 1,361  |   |   | $ | 1,992 |   |

----

Index

t

|   | - | statements      as to expected financial condition, performance, prospects and earnings of      the Company; |
|--------|---|--------------------------------------------------------------------------------------------------------------|
|   | - | statements      regarding strategic plans forgrowth;                                                         |

|   | - | statements      regarding the amount and timing of rate increases and other regulatory      matters; |
|--------|---|------------------------------------------------------------------------------------------------------|
|   | - | statements      regarding expectations and events concerning capital      expenditures;              |

|   | - | statements      as to the Company’s expected liquidity needs during fiscal 2008 and beyond      and statements as to the sources and availability of funds to meet its      liquidity needs; |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | - | statements      as to expected rates, consumption volumes, service fees, revenues,      margins, expenses and operatingresults;                                                                    |

|   | - | statements      as to the Company’s compliance with environmental laws and regulations and      estimations of the materiality of any related costs; |
|--------|---|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | - | statements      as to the safety and reliability of the Company’s equipment, facilities      and operations;                                         |

|   | - | statements      as to financial projections;                        |
|--------|---|---------------------------------------------------------------------|
|   | - | statements      as to the ability of the Company to pay  dividends; |

|   | - | statements      as to the Company’s plans to renew municipal franchises and consents in      the territories it serves;                                                                                      |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | - | expectations      as to the amount of cash contributions to fund the Company’s retirement      benefit plans, including statements as to anticipated discount rates and      rates of return on plan assets; |

|   | - | statements      as to trends; and                                            |
|--------|---|------------------------------------------------------------------------------|
|   | - | statements      regarding the availability and quality of our water  supply. |

|   | - | the      effects of general economic conditions;                     |
|--------|---|----------------------------------------------------------------------|
|   | - | increases      in competition in the markets served by the  Company; |

|   | - | the      ability of the Company to control operating expenses and to achieve      efficiencies in its operations; |
|--------|---|-------------------------------------------------------------------------------------------------------------------|
|   | - | the      availability of adequate supplies ofwater;                                                               |

|   | - | actions      taken by government regulators, including decisions on base rate increase      requests; |
|--------|---|-------------------------------------------------------------------------------------------------------|
|   | - | new      or additional water qualitystandards;                                                        |

|   | - | weather      variations and other natural phenomena;                                                                |
|--------|---|---------------------------------------------------------------------------------------------------------------------|
|   | - | the      existence of attractive acquisition candidates and the risks involved in      pursuing those acquisitions; |

|   | - | acts      of war or terrorism;                             |
|--------|---|------------------------------------------------------------|
|   | - | significant      changes in the housing starts inDelaware; |

|   | - | the      availability and cost of capital resources; and          |
|--------|---|-------------------------------------------------------------------|
|   | - | other      factors discussed elsewhere in this quarterly  report. |

----

Index

----

Index

----

Index

|                                     |   | (In      Thousands)         |   |
|------------------------------------------|--------|-----------------------------|--------|
|                                     |   | Three Months Ended March31, |   |
|                                     |   | 2009                        |   |   | 2008 |   |
|                                     |   | Regulated                   |   |   | Non-Regulated |   |   | Total |   |   | Regulated |   |   | Non-Regulated |   |   | Total |   |
| Revenues                                 |   | $                           | 17,976 |   |   | $ | 2,607 |   |   | $ | 20,583 |   |   | $ | 18,422 |   |   | $ | 2,433 |   |   | $ | 20,855 |   |
| Operations      and maintenance expenses |   |                        | 10,937 |   |   |   | 2,106 |   |   |   | 13,043 |   |   |   | 10,208 |   |   |   | 1,890 |   |   |   | 12,098 |   |
| Depreciation      expense                |   |                        | 2,049  |   |   |   | 37 |   |   |   | 2,086 |   |   |   | 1,902 |   |   |   | 29 |   |   |   | 1,931 |   |
| Other      taxes                         |   |                        | 2,391  |   |   |   | 61 |   |   |   | 2,452 |   |   |   | 2,421 |   |   |   | 58 |   |   |   | 2,479 |   |
|   Operating      income        |   |                        | 2,599  |   |   |   | 403 |   |   |   | 3,002 |   |   |   | 3,891 |   |   |   | 456 |   |   |   | 4,347 |   |
|                                     |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income, net                   |   |                        | 311    |   |   |   | 98 |   |   |   | 409 |   |   |   | 176 |   |   |   | 122 |   |   |   | 298 |   |
| Interest      expense                    |   |                        | 1,335  |   |   |   | 57 |   |   |   | 1,392 |   |   |   | 1,446 |   |   |   | 71 |   |   |   | 1,517 |   |
| Income      taxes                        |   |                        | 489    |   |   |   | 169 |   |   |   | 658 |   |   |   | 920 |   |   |   | 204 |   |   |   | 1,124 |   |
|   Net      income              |   | $                           | 1,086  |   |   | $ | 275 |   |   | $ | 1,361 |   |   | $ | 1,701 |   |   | $ | 303 |   |   | $ | 2,004 |   |

----

Index

----

Index

| Item      3. | Quantitative      and Qualitative Disclosures of Market  Risk |
|--------------|---------------------------------------------------------------|
|         |                                                          |

| Item      4. | Controls      and Procedures |
|--------------|------------------------------|
|         |                         |

----

Index

F

| Item      1. | Legal      Proceedings |
|--------------|------------------------|

| Item      1A. | Risk      Factors |
|---------------|-------------------|

| Item      2. | Unregistered Sales of Equity Securities and Use of      Proceeds |
|--------------|------------------------------------------------------------------|

| Item      3. | Defaults      Upon SeniorSecurities |
|--------------|-------------------------------------|

| Item      4. | Submissionof Matters to a Vote of Security  Holders |
|--------------|-----------------------------------------------------|

| Item      5. | Other      Information |
|--------------|------------------------|

----

Index

| Item      6. | Exhibits                                                                                                                                                                           |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                               |
| 10.28        | Copy      of Promissory Notes and Amendment to Combination Water Utility Real Estate      Mortgage and Security Agreement, by Tidewater Utilities, Inc., Dated March      19, 2009 |

| 31 | Section      302 Certification by Dennis W. Doll pursuant to Rules 13a-14 and 15d-14 of      the Securities Exchange Act of1934. |
|----|----------------------------------------------------------------------------------------------------------------------------------|

| 31.1 | Section      302 Certification by A. Bruce O’Connor pursuant to Rules 13a-14 and 15d-14      of the Securities Exchange Act of1934. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 32 | Section      906 Certification by Dennis W. Doll pursuant to 18 U.S.C. §1350, as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Section      906 Certification by A. Bruce O’Connor pursuant to 18 U.S.C. §1350, as      adopted pursuant to Section 302 of the Sarbanes-Oxley Act of      2002. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

N

|   | MIDDLESEX      WATER COMPANY |
|--------|------------------------------|
|   |                         |   |   |
|   | By:                          | /s/A. Bruce O’Connor |   |
|   |                         | A.      Bruce O’Connor |   |
|   |                         | Vice      President and |   |
|   |                         | Chief      Financial Officer |   |
|   |                         |   |   |