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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
UTILITY PLANT, at original cost $ 447,247 $ 438,670
Plant acquisition adjustments (3,690) (3,707)
Accumulated depreciation (93,009) (91,340)
Net utility plant 350,548 343,623
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $465 in 2021 and $458 in 2020 735 742
CURRENT ASSETS:    
Cash and cash equivalents 55 2
Restricted cash 0 5,000
Accounts receivable, net of reserves of $714 in 2021 and $655 in 2020 4,016 5,184
Unbilled revenues 2,876 2,847
Recoverable income taxes 582 721
Materials and supplies inventories, at cost 1,020 1,010
Prepaid expenses 1,888 1,526
Total current assets 10,437 16,290
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 3,006 2,209
Note receivable 255 255
Deferred regulatory assets 40,318 39,893
Other assets 4,090 3,945
Total other long-term assets 47,669 46,302
Total Assets 409,389 406,957
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,071,733 shares in 2021 and 13,060,817 shares in 2020 86,436 85,935
Retained earnings 58,574 57,317
Total common stockholders' equity 145,010 143,252
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 122,087 123,573
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 6,623 6,540
Dividends payable 2,192 2,192
Accrued compensation and benefits 1,410 1,417
Accrued interest 1,068 959
Deferred regulatory liabilities 549 525
Other accrued expenses 514 360
Total current liabilities 12,356 11,993
DEFERRED CREDITS:    
Customers' advances for construction 10,828 10,326
Deferred income taxes 44,261 43,538
Deferred employee benefits 4,809 4,793
Deferred regulatory liabilities 26,369 25,444
Other deferred credits 2,209 2,731
Total deferred credits 88,476 86,832
Contributions in aid of construction 41,460 41,307
Total Stockholders' Equity and Liabilities $ 409,389 $ 406,957