XML 44 R26.htm IDEA: XBRL DOCUMENT v3.20.4

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Significant Accounting Policies [Abstract]

Utility Plant

The following remaining lives are used for financial reporting purposes:

		December 31							Approximate range
Utility Plant Asset Category		2020				2019			of remaining lives
Mains and accessories		$	212,164			$	200,954		10 – 86 years
Services, meters and hydrants			80,590				77,501		17 – 51 years
Operations structures, reservoirs and water tanks			65,617				63,530		9 – 58 years
Pumping and treatment equipment			34,163				33,124		6 – 30 years
Office, transportation and operating equipment			15,520				14,464		3 – 22 years
Land and other non-depreciable assets			3,478				3,393		–
Utility plant in service			411,532				392,966
Construction work in progress			27,138				8,417		–
Total Utility Plant		$	438,670			$	401,383

Regulatory Assets and Liabilities

Regulatory assets and liabilities are comprised of the following:

		December 31							Remaining Recovery
		2020				2019			Periods
Assets
Income taxes		$	28,200			$	24,405		Various
Postretirement benefits			–				365		-
Unrealized swap losses			2,700				2,227		1 – 9 years
Utility plant retirement costs			5,968				5,012		5 years
Customer-owned lead service line replacements			1,081				944		Various
Income taxes on customers’ advances for construction and contributions in aid of construction			1,815				998		Various
Service life study expenses			8				13		2 years
Rate case filing expenses			121				225		1 year
		$	39,893			$	34,189
Liabilities
Excess accumulated deferred income taxes on accelerated depreciation		$	13,826			$	14,008		Various
Income taxes			8,706				7,494		Various
IRS TPR catch-up deduction			3,412				3,671		13 years
Postretirement benefits			25				–		Not yet known
Revenue reduction for tax rate change			–				226		-
		$	25,969			$	25,399

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of public utility physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, deprecation expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 980
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84167750&loc=d3e42232-110370

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfPublicUtilityPropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for detailed information about regulatory assets and liabilities, including current and noncurrent assets created when regulatory agencies permit the deferral of costs to the balance sheet that would otherwise be required to appear on the company's income statement and would be charged against current expenses or revenues, as well as current and noncurrent liabilities created when regulatory agencies permit.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRegulatoryAssetsAndLiabilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration