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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
         Average Summary  Average  Value of Initial Fixed $100 Investment Based On:      
Year
(a)
  Summary
Compensation Table
Total for CEO
(b)
  Compensation
Actually Paid to CEO
(c)
  Compensation Table
Total for non-CEO
NEOs
(d)
  Compensation
Actually Paid to
non-CEO NEOs
(e)
  Total Shareholder
Return
(f)
  Peer Group Total
Shareholder Return
(g)
  Net Income
(In Millions)
(h)
  Income Before Income Taxes
(In Millions)
(i)
2023  $1,758,814   $1,414,050   $673,736   $673,736   $109.30   $130.30   $31.5   $32.6 
2022  $1,154,726   $38,867   $452,477   $284,597   $128.86   $120.09   $42.4   $45.7 
2021  $1,290,444   $3,173,051   $490,567   $782,328   $194.55   $132.92   $36.5   $31.1 
2020  $1,781,494   $1,714,156   $677,013   $526,936   $115.79   $101.42   $38.4   $34.3 

 

Column (b) Reflects compensation amounts reported in the “Summary Compensation Table” for our CEO, Dennis Doll, for the respective years shown.

Column (c) “Compensation actually paid” to our CEO in each of 2023, 2022, 2021, and 2020 reflects the respective amounts set forth in column (b) of the compensation table above, adjusted as set forth in the compensation calculation table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned by or paid to our CEO during the applicable year. For information regarding the decisions made by our Compensation Committee in regards to the CEO’s compensation for each fiscal year, please see the CD&A sections of the Proxy Statements reporting pay for the fiscal years covered in the table above. The aggregate change in actuarial present value of accumulated benefit under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table.

Column (d) Reflects compensation information for our NEOs other than the CEO as described in the CD&A of this Proxy Statement.

2023 A. Bruce O’Connor, Jay L. Kooper, Georgia M. Simpson, Robert K. Fullagar

2022: A. Bruce O’Connor, Jay L. Kooper, Georgia M. Simpson, Robert K. Fullagar

2021: A. Bruce O’Connor, Bernadette M. Sohler, Jay L. Kooper, Lorrie B. Ginegaw

2020: A. Bruce O’Connor, Bernadette M. Sohler, Jay L. Kooper, Lorrie B. Ginegaw

Column (e) Average “compensation actually paid” for our non-CEO NEOs in each of 2023, 2022, 2021, and 2020 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the compensation calculation table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned by or paid to our non-CEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee in regards to the non-CEO NEOs compensation for each fiscal year, please see the CD&A sections of the Proxy Statements reporting pay for the fiscal years covered in the table above.

Column (f) For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of Middlesex for the measurement periods ending on December 31 of each of 2023, 2022 and 2021, respectively.

Column (g) For the relevant fiscal year, represents the cumulative TSR of the Peer Group for the measurement periods ending on December 31 of each of 2023, 2022, 2021, and 2020, respectively. Peer Group companies currently include American States Water Company, Artesian Resources Corp., California Water Service Group, Global Water Resources Inc., SJW Corp., and York Water Company.

Column (h) Source: Company’s Annual Report on Form 10-K for each respective year.

Column (i) Source: Company’s Annual Report on Form 10-K for each respective year.

     
Named Executive Officers, Footnote Reflects compensation amounts reported in the “Summary Compensation Table” for our CEO, Dennis Doll, for the respective years shown.      
Peer Group Issuers, Footnote For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of Middlesex for the measurement periods ending on December 31 of each of 2023, 2022 and 2021, respectively.      
PEO Total Compensation Amount [1] $ 1,758,814 $ 1,154,726 $ 1,290,444 $ 1,781,494
PEO Actually Paid Compensation Amount [2] $ 1,414,050 38,867 3,173,051 1,714,156
Adjustment To PEO Compensation, Footnote
Year  Summary
Compensation Table
Total for CEO
  Summary
Compensation Table
Equity Awards for CEO
  Equity Awards
Adjustment for CEO
  Summary
Compensation Table Change
in Pension Value for CEO
  Pension Service Cost
Adjustment for CEO
  Total Compensation
Actually Paid to CEO
2023  $1,758,814   $   $21,252   $   $264,510   $1,414,050 
2022  $1,154,726   $(400,000)  $(1,008,164)  $(630,526)  $292,314   $38,876 
2021  $1,290,444   $(400,000)  $2,176,122   $(174,119)  $280,604   $3,173,051 
2020  $1,781,494   $(400,000)  $758,543   $(679,154)  $253,273   $1,714,156 

 

Fair Value of Equity Awards for CEO  2023   2022  2021  2020
Year End Fair Value of Current Year Equity Award  $ 338,140     $299,182   $608,959   $403,368 
Year End Change in Fair Value of Prior Year Equity Awards  $ (307,889 )   $(1,184,082)  $1,507,984   $311,473 
Change in Fair Value of Prior Year Equity Awards Vesting in Current Year  $ (8,999 )   $(123,264)  $59,179   $43,702 
Total Equity Awards Adjustments for CEO  $ 21,252     $(1,008,164)  $2,176,122   $758,543 
     
Non-PEO NEO Average Total Compensation Amount [3] $ 673,736 452,477 490,567 677,013
Non-PEO NEO Average Compensation Actually Paid Amount [4] $ 673,736 284,597 782,328 526,936
Adjustment to Non-PEO NEO Compensation Footnote
Year  Average Summary
Compensation Table Total
for non-CEO NEOs
  Average Summary
Compensation Table Equity
Awards for non-CEO NEOs
  Average Equity Awards
Adjustment for
non-CEO NEOs
  Average Summary
Compensation Table Change
in Pension Value for
non-CEO NEOs
  Average Pension Service
Cost Adjustment for
non-CEO NEOs
  Average Total Compensation
Actually Paid to non-CEO NEOs
2023  $673,736   $(45,064)  $22,748   $(196,877)  $12,926   $467,470 
2022  $452,477   $(92,500)  $(120,479)  $   $45,098   $284,597 
2021  $490,567   $(88,750)  $390,457   $(78,407)  $68,461   $782,328 
2020  $677,013   $(88,750)  $153,174   $(273,752)  $59,252   $526,936 

 

Fair Value of Average Equity Awards for non-CEO NEOs   2023     2022   2021
Year End Fair Value of Current Year Equity Award   $ 78,203     $ 67,342     $ 135,097  
Year End Change in Fair Value of Prior Year Equity Awards   $ (54,533   $ (175,221 )   $ 246,026  
Change in Fair Value of Prior Year Equity Awards Vesting in Current Year   $ (922   $ (12,600 )   $ 9,334  
Total Equity Awards Adjustments non-CEO NEOs   $ 22,748     $ (120,479 )   $ 390,457  
     
Compensation Actually Paid vs. Total Shareholder Return

 

     
Compensation Actually Paid vs. Net Income

 

     
Tabular List, Table

Pay for Performance Alignment

 

The Company has identified Income Before Taxes, as referenced in the table at the top of page 32, as the most important financial performance measure. As income taxes are largely a function of taxable income, management has a greater ability to drive financial performance affecting those income statement line items, which are separate and apart from income taxes, than income taxes themselves. Listed below are the financial performance measures, which in our assessment, represent additional important financial performance measures we use to link compensation actually paid to our NEOs, for 2023, to company performance.

 

Return on Average Common Equity
Net Income
TSR
     
Total Shareholder Return Amount [5] $ 109.3 128.86 194.55 115.79
Peer Group Total Shareholder Return Amount [6] 130.3 120.09 132.92 101.42
Net Income (Loss) [7] $ 31,500,000 42,400,000 36,500,000 38,400,000
PEO Name Dennis Doll      
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest [8] $ 32,600,000 45,700,000 31,100,000 34,300,000
Measure:: 1        
Pay vs Performance Disclosure        
Name Return on Average Common Equity      
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name TSR      
CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 21,252 (1,008,164) 2,176,122 758,543
CEO [Member] | Summary Compensation Table Total for CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,758,814 1,154,726 1,290,444 1,781,494
CEO [Member] | Summary Compensation Table Equity Awards for CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (400,000) (400,000) (400,000)
CEO [Member] | Equity Awards Adjustment for CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 21,252 (1,008,164) 2,176,122 758,543
CEO [Member] | Summary Compensation Table Change in Pension Value for CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (630,526) (174,119) (679,154)
CEO [Member] | Pension Service Cost Adjustment for CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 264,510 292,314 280,604 253,273
CEO [Member] | Total Compensation Actually Paid to CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,414,050 38,876 3,173,051 1,714,156
CEO [Member] | Year End Fair Value of Current Year Equity Award [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 338,140 299,182 608,959 403,368
CEO [Member] | Year End Change in Fair Value of Prior Year Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (307,889) (1,184,082) 1,507,984 311,473
CEO [Member] | Change in Fair Value of Prior Year Equity Awards Vesting in Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (8,999) (123,264) 59,179 43,702
Non-CEO [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 22,748 (120,479) 390,457  
Non-CEO [Member] | Year End Fair Value of Current Year Equity Award [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 78,203 67,342 135,097  
Non-CEO [Member] | Year End Change in Fair Value of Prior Year Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (54,533) (175,221) 246,026  
Non-CEO [Member] | Change in Fair Value of Prior Year Equity Awards Vesting in Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (922) (12,600) 9,334  
Non-CEO [Member] | Average Summary Compensation Table Total for non-CEO NEOs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 673,736 452,477 490,567 677,013
Non-CEO [Member] | Average Summary Compensation Table Equity Awards for non-CEO NEOs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (45,064) (92,500) (88,750) (88,750)
Non-CEO [Member] | Average Equity Awards Adjustment for non-CEO NEOs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 22,748 (120,479) 390,457 153,174
Non-CEO [Member] | Average Summary Compensation Table Change in Pension Value for non-CEO NEOs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (196,877) (78,407) (273,752)
Non-CEO [Member] | Average Pension Service Cost Adjustment for non-CEO NEOs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 12,926 45,098 68,461 59,252
Non-CEO [Member] | Average Total Compensation Actually Paid to non-CEO NEOs [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 467,470 $ 284,597 $ 782,328 $ 526,936
[1] Reflects compensation amounts reported in the “Summary Compensation Table” for our CEO, Dennis Doll, for the respective years shown.
[2] “Compensation actually paid” to our CEO in each of 2023, 2022, 2021, and 2020 reflects the respective amounts set forth in column (b) of the compensation table above, adjusted as set forth in the compensation calculation table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (b) of the table above do not reflect the actual amount of compensation earned by or paid to our CEO during the applicable year. For information regarding the decisions made by our Compensation Committee in regards to the CEO’s compensation for each fiscal year, please see the CD&A sections of the Proxy Statements reporting pay for the fiscal years covered in the table above. The aggregate change in actuarial present value of accumulated benefit under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table.
[3] Reflects compensation information for our NEOs other than the CEO as described in the CD&A of this Proxy Statement.

2023 A. Bruce O’Connor, Jay L. Kooper, Georgia M. Simpson, Robert K. Fullagar

2022: A. Bruce O’Connor, Jay L. Kooper, Georgia M. Simpson, Robert K. Fullagar

2021: A. Bruce O’Connor, Bernadette M. Sohler, Jay L. Kooper, Lorrie B. Ginegaw

2020: A. Bruce O’Connor, Bernadette M. Sohler, Jay L. Kooper, Lorrie B. Ginegaw

[4] Average “compensation actually paid” for our non-CEO NEOs in each of 2023, 2022, 2021, and 2020 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the compensation calculation table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned by or paid to our non-CEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee in regards to the non-CEO NEOs compensation for each fiscal year, please see the CD&A sections of the Proxy Statements reporting pay for the fiscal years covered in the table above.
[5] For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of Middlesex for the measurement periods ending on December 31 of each of 2023, 2022 and 2021, respectively.
[6]

Column (g) For the relevant fiscal year, represents the cumulative TSR of the Peer Group for the measurement periods ending on December 31 of each of 2023, 2022, 2021, and 2020, respectively. Peer Group companies currently include American States Water Company, Artesian Resources Corp., California Water Service Group, Global Water Resources Inc., SJW Corp., and York Water Company.

[7] Source: Company’s Annual Report on Form 10-K for each respective year.
[8] Source: Company’s Annual Report on Form 10-K for each respective year.