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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
UTILITY PLANT:    
Water Production $ 127,827 $ 118,919
Transmission and Distribution 326,629 308,468
General 47,519 44,368
Construction Work in Progress 12,575 11,715
TOTAL 514,550 483,470
Less Accumulated Depreciation 92,351 84,737
UTILITY PLANT - NET 422,199 398,733
CURRENT ASSETS:    
Cash and Cash Equivalents 3,106 2,453
Accounts Receivable, net 11,280 11,963
Unbilled Revenues 4,842 4,752
Materials and Supplies (at average cost) 2,023 2,196
Prepayments 1,622 1,401
TOTAL CURRENT ASSETS 22,873 22,765
DEFERRED CHARGES AND OTHER ASSETS:    
Unamortized Debt Expense 2,611 2,739
Preliminary Survey and Investigation Charges 5,179 7,023
Regulatory Assets 67,302 38,771
Operations and Developer Contracts Fees Receivable 5,300 4,589
Restricted Cash 3,260 7,056
Non-utility Assets - Net 8,182 7,122
Other 630 387
TOTAL DEFERRED CHARGES AND OTHER ASSETS 92,464 67,687
TOTAL ASSETS 537,536 489,185
CAPITALIZATION:    
Common Stock, No Par Value 141,432 139,534
Retained Earnings 35,549 33,745
TOTAL COMMON EQUITY 176,981 173,279
Preferred Stock 3,353 3,362
Long-term Debt 132,167 133,844
TOTAL CAPITALIZATION 312,501 310,485
CURRENT LIABILITIES:    
Current Portion of Long-term Debt 4,569 4,432
Notes Payable 24,250 17,000
Accounts Payable 5,706 6,403
Accrued Taxes 7,847 8,752
Accrued Interest 1,628 1,598
Unearned Revenues and Advanced Service Fees 734 864
Other 1,953 1,691
TOTAL CURRENT LIABILITIES 46,687 40,740
COMMITMENTS AND CONTINGENT LIABILITIES (Note 4)      
DEFERRED CREDITS AND OTHER LIABILITIES:    
Customer Advances for Construction 21,944 21,261
Accumulated Deferred Investment Tax Credits 1,146 1,225
Accumulated Deferred Income Taxes 37,022 29,691
Employee Benefit Plans 51,006 28,562
Regulatory Liability - Cost of Utility Plant Removal 8,029 7,369
Other 995 154
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 120,142 88,262
CONTRIBUTIONS IN AID OF CONSTRUCTION 58,206 49,698
TOTAL CAPITALIZATION AND LIABILITIES $ 537,536 $ 489,185