XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
UTILITY PLANT, at original cost $ 485,750 $ 438,670
Plant acquisition adjustments (3,637) (3,707)
Accumulated depreciation (99,204) (91,340)
Net utility plant 382,909 343,623
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $483 in 2021 and $458 in 2020 717 742
CURRENT ASSETS:    
Cash and cash equivalents 1 2
Restricted cash 0 5,000
Accounts receivable, net of reserves of $855 in 2021 and $655 in 2020 4,634 5,184
Unbilled revenues 2,784 2,847
Recoverable income taxes 894 721
Materials and supplies inventories, at cost 1,917 1,010
Prepaid expenses 1,032 1,526
Total current assets 11,262 16,290
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 14,054 2,209
Note receivable 255 255
Deferred regulatory assets 45,280 39,893
Other assets 4,376 3,945
Total other long-term assets 63,965 46,302
Total Assets 458,853 406,957
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,112,948 shares in 2021 and 13,060,817 shares in 2020 88,230 85,935
Retained earnings 64,392 57,317
Total common stockholders' equity 152,622 143,252
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 138,869 123,573
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 7,500 0
Accounts payable 6,712 6,540
Dividends payable 2,293 2,192
Accrued compensation and benefits 1,575 1,417
Accrued interest 959 959
Deferred regulatory liabilities 607 525
Other accrued expenses 440 360
Total current liabilities 20,086 11,993
DEFERRED CREDITS:    
Customers' advances for construction 12,820 10,326
Deferred income taxes 49,590 43,538
Deferred employee benefits 4,530 4,793
Deferred regulatory liabilities 36,374 25,444
Other deferred credits 2,086 2,731
Total deferred credits 105,400 86,832
Contributions in aid of construction 41,876 41,307
Total Stockholders' Equity and Liabilities $ 458,853 $ 406,957