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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
UTILITY PLANT, at original cost $ 526,229 $ 485,750
Plant acquisition adjustments (3,586) (3,637)
Accumulated depreciation (104,816) (99,204)
Net utility plant 417,827 382,909
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $493 in 2022 and $483 in 2021 733 717
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $834 in 2022 and $855 in 2021 5,461 4,634
Unbilled revenues 3,084 2,784
Recoverable income taxes 870 894
Materials and supplies inventories, at cost 2,347 1,917
Prepaid expenses 1,557 1,032
Total current assets 13,320 11,262
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 17,182 14,054
Note receivable 255 255
Deferred regulatory assets 39,821 45,280
Other assets 4,517 4,376
Total other long-term assets 61,775 63,965
Total Assets 493,655 458,853
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,275,456 shares in 2022 and 13,112,948 shares in 2021 133,730 88,230
Retained earnings 70,846 64,392
Total common stockholders' equity 204,576 152,622
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 116,788 138,869
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 7,500 7,500
Accounts payable 12,076 6,712
Dividends payable 2,523 2,293
Accrued compensation and benefits 1,585 1,575
Accrued interest 1,084 959
Deferred regulatory liabilities 588 607
Other accrued expenses 400 440
Total current liabilities 25,756 20,086
DEFERRED CREDITS:    
Customers' advances for construction 15,331 12,820
Deferred income taxes 46,317 49,590
Deferred employee benefits 4,597 4,530
Deferred regulatory liabilities 37,699 36,374
Other deferred credits 717 2,086
Total deferred credits 104,661 105,400
Contributions in aid of construction 41,874 41,876
Total Stockholders' Equity and Liabilities $ 493,655 $ 458,853