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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
UTILITY PLANT, at original cost $ 494,500 $ 485,750
Plant acquisition adjustments (3,620) (3,637)
Accumulated depreciation (101,000) (99,204)
Net utility plant 389,880 382,909
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $489 in 2022 and $483 in 2021 717 717
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $852 in 2022 and $855 in 2021 4,434 4,634
Unbilled revenues 3,044 2,784
Recoverable income taxes 895 894
Materials and supplies inventories, at cost 2,107 1,917
Prepaid expenses 1,513 1,032
Total current assets 11,994 11,262
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 15,097 14,054
Note receivable 255 255
Deferred regulatory assets 46,308 45,280
Other assets 4,661 4,376
Total other long-term assets 66,321 63,965
Total Assets 468,912 458,853
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,123,619 shares in 2022 and 13,112,948 shares in 2021 88,725 88,230
Retained earnings 65,695 64,392
Total common stockholders' equity 154,420 152,622
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 143,999 138,869
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 7,500 7,500
Accounts payable 7,580 6,712
Dividends payable 2,298 2,293
Accrued compensation and benefits 1,506 1,575
Accrued interest 1,071 959
Deferred regulatory liabilities 605 607
Other accrued expenses 536 440
Total current liabilities 21,096 20,086
DEFERRED CREDITS:    
Customers' advances for construction 13,161 12,820
Deferred income taxes 51,133 49,590
Deferred employee benefits 4,557 4,530
Deferred regulatory liabilities 37,172 36,374
Other deferred credits 1,500 2,086
Total deferred credits 107,523 105,400
Contributions in aid of construction 41,874 41,876
Total Stockholders' Equity and Liabilities $ 468,912 $ 458,853