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Business Segment Data (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of segment reporting information, by segment | Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.
|  | (Thousands of Dollars) |
|  | Years Ended December 31, |
Operations by Segments: |  | 2022 |  |  | 2021 |  |  | 2020 |
Revenues: |  |  |  |  |  |  |  |  |
Regulated |  | $ | 151,117 |  |  | $ | 131,531 |  |  | $ | 129,851 |
Non – Regulated |  |  | 12,446 |  |  |  | 12,818 |  |  |  | 12,545 |
Inter-segment Elimination |  |  | (1,129 | ) |  |  | (1,208 | ) |  |  | (804 | )
Consolidated Revenues |  | $ | 162,434 |  |  | $ | 143,141 |  |  | $ | 141,592 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 44,257 |  |  | $ | 29,577 |  |  | $ | 34,043 |
Non – Regulated |  |  | 3,076 |  |  |  | 3,634 |  |  |  | 3,377 |
Consolidated Operating Income |  | $ | 47,333 |  |  | $ | 33,211 |  |  | $ | 37,420 |
Depreciation: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 22,783 |  |  | $ | 20,897 |  |  | $ | 18,264 |
Non – Regulated |  |  | 246 |  |  |  | 212 |  |  |  | 208 |
Consolidated Depreciation |  | $ | 23,029 |  |  | $ | 21,109 |  |  | $ | 18,472 |
Other Income (Expense), Net: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 7,898 |  |  | $ | 6,112 |  |  | $ | 4,605 |
Non – Regulated |  |  | 279 |  |  |  | 279 |  |  |  | 130 |
Inter-segment Elimination |  |  | (474 | ) |  |  | (433 | ) |  |  | (356 | )
Consolidated Other Income (Expense), Net |  | $ | 7,703 |  |  | $ | 5,958 |  |  | $ | 4,379 |
Interest Expense: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 9,833 |  |  | $ | 8,529 |  |  | $ | 7,780 |
Non – Regulated |  |  | 7 |  |  |  | 17 |  |  |  | 70 |
Inter-segment Elimination |  |  | (473 | ) |  |  | (432 | ) |  |  | (357 | )
Consolidated Interest Expense |  | $ | 9,367 |  |  | $ | 8,114 |  |  | $ | 7,493 |
Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 2,084 |  |  | $ | (6,723 | ) |  | $ | (5,139 | )
Non – Regulated |  |  | 1,156 |  |  |  | 1,235 |  |  |  | 1,020 |
Consolidated Income Taxes |  | $ | 3,240 |  |  | $ | (5,488 | ) |  | $ | (4,119 | )
Net Income: |  |  |  |  |  |  |  |  |
Regulated |  | $ | 40,229 |  |  | $ | 33,849 |  |  | $ | 35,951 |
Non – Regulated |  |  | 2,200 |  |  |  | 2,694 |  |  |  | 2,474 |
Consolidated Net Income |  | $ | 42,429 |  |  | $ | 36,543 |  |  | $ | 38,425 |
Capital Expenditures: |  |  |  |  |  |  |  |  |
Regulated |  | $ | 91,054 |  |  | $ | 79,195 |  |  | $ | 105,091 |
Non – Regulated |  |  | 281 |  |  |  | 183 |  |  |  | 528 |
Total Capital Expenditures |  | $ | 91,335 |  |  | $ | 79,378 |  |  | $ | 105,619 |
|  | As of December 31, 2022 |  |  | As of December 31, 2021 |
Assets: |  |  |  |  |  |  |  |
Regulated |  | $ | 1,079,180 |  |  | $ | 1,022,116 |
Non – Regulated |  |  | 6,999 |  |  |  | 7,811 |
Inter-segment Elimination |  |  | (11,729 | ) |  |  | (9,912 | )
Consolidated Assets |  | $ | 1,074,450 |  |  | $ | 1,020,015 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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