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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
UTILITY PLANT, at original cost $ 438,670 $ 401,383
Plant acquisition adjustments (3,707) (3,318)
Accumulated depreciation (91,340) (84,841)
Net utility plant 343,623 313,224
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $458 in 2020 and $435 in 2019 742 769
CURRENT ASSETS:    
Cash and cash equivalents 2 2
Restricted cash 5,000 0
Accounts receivable, net of reserves of $655 in 2020 and $305 in 2019 5,184 4,421
Unbilled revenues 2,847 2,276
Recoverable income taxes 721 547
Materials and supplies inventories, at cost 1,010 1,007
Prepaid expenses 1,526 1,131
Total current assets 16,290 9,384
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 2,209 1,819
Note receivable 255 255
Deferred regulatory assets 39,893 34,189
Other assets 3,945 3,889
Total other long-term assets 46,302 40,152
Total Assets 406,957 363,529
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,060,817 shares in 2020 and 13,014,898 shares in 2019 85,935 83,976
Retained earnings 57,317 50,209
Total common stockholders' equity 143,252 134,185
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 123,573 94,535
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 0 6,500
Accounts payable 6,540 3,452
Dividends payable 2,192 2,096
Accrued compensation and benefits 1,417 1,247
Accrued interest 959 914
Deferred regulatory liabilities 525 609
Other accrued expenses 360 338
Total current liabilities 11,993 15,156
DEFERRED CREDITS:    
Customers' advances for construction 10,326 7,844
Deferred income taxes 43,538 40,426
Deferred employee benefits 4,793 4,317
Deferred regulatory liabilities 25,444 24,790
Other deferred credits 2,731 2,247
Total deferred credits 86,832 79,624
Contributions in aid of construction 41,307 40,029
Total Stockholders' Equity and Liabilities $ 406,957 $ 363,529