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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
UTILITY PLANT: Water Production $ 314,924 $ 303,791
Transmission and Distribution 855,497 809,862
General 105,167 100,593
Construction Work in Progress 34,209 19,636
TOTAL 1,309,797 1,233,882
Less Accumulated Depreciation 254,425 235,540
UTILITY PLANT - NET 1,055,372 998,342
CURRENT ASSETS: Cash and Cash Equivalents 4,226 2,390
Accounts Receivable, net of allowance for credit losses of $2,695 and $2,137, respectively in 2024 and 2023 18,842 18,172
Litigation Settlement Receivable 69,872
Unbilled Revenues 10,764 9,297
Materials and Supplies (at average cost) 6,719 6,972
Prepayments 2,422 1,833
TOTAL CURRENT ASSETS 42,973 108,536
OTHER ASSETS: Operating Lease Right of Use Asset 2,567 3,185
Regulatory Assets 101,783 90,694
Non-utility Assets - Net 11,760 11,522
Employee Benefit Plans 36,856 21,779
Other 3,863 1,994
TOTAL OTHER ASSETS 156,829 129,174
TOTAL ASSETS 1,255,174 1,236,052
CAPITALIZATION AND LIABILITIES    
CAPITALIZATION: Common Stock, No Par Value 248,202 246,764
Retained Earnings 197,061 176,227
TOTAL COMMON STOCKHOLDERS’ EQUITY 445,263 422,991
Preferred Stock 1,635 2,084
Long-term Debt 352,822 358,153
TOTAL CAPITALIZATION 799,720 783,228
CURRENT Current Portion of Long-term Debt 7,711 7,740
LIABILITIES: Notes Payable 23,000 42,750
Accounts Payable 28,050 27,618
Litigation Settlement Payable 6,237
Accrued Taxes 11,976 10,535
Accrued Interest 2,916 3,138
Unearned Revenues and Advanced Service Fees 1,476 1,390
Other 7,759 4,421
TOTAL CURRENT LIABILITIES 82,888 103,829
COMMITMENTS AND CONTINGENT LIABILITIES (Note 4)
OTHER LIABILITIES: Advances for Construction 22,629 21,313
Lease Obligations 2,432 3,063
Accumulated Deferred Income Taxes 101,235 88,736
Regulatory Liabilities 64,557 113,021
Other 344 592
TOTAL OTHER LIABILITIES 191,197 226,725
CONTRIBUTIONS IN AID OF CONSTRUCTION 181,369 122,270
TOTAL CAPITALIZATION AND LIABILITIES $ 1,255,174 $ 1,236,052