XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
UTILITY PLANT, at original cost $ 549,141 $ 485,750
Plant acquisition adjustments (9,178) (3,637)
Accumulated depreciation (108,758) (99,204)
Net utility plant 431,205 382,909
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $463 in 2022 and $483 in 2021 696 717
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $855 in 2022 and $855 in 2021 6,701 4,634
Unbilled revenues 3,290 2,784
Recoverable income taxes 882 894
Materials and supplies inventories, at cost 2,335 1,917
Prepaid expenses 1,025 1,032
Total current assets 14,234 11,262
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 17,090 14,054
Note receivable 255 255
Deferred regulatory assets 42,545 45,280
Other assets 4,570 4,376
Total other long-term assets 64,460 63,965
Total Assets 510,595 458,853
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,285,584 shares in 2022 and 13,112,948 shares in 2021 134,220 88,230
Retained earnings 72,963 64,392
Total common stockholders' equity 207,183 152,622
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 139,465 138,869
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 0 7,500
Accounts payable 10,766 6,712
Dividends payable 2,628 2,293
Accrued compensation and benefits 1,541 1,575
Accrued interest 965 959
Deferred regulatory liabilities 593 607
Other accrued expenses 488 440
Total current liabilities 16,981 20,086
DEFERRED CREDITS:    
Customers' advances for construction 14,911 12,820
Deferred income taxes 47,901 49,590
Deferred employee benefits 3,725 4,530
Deferred regulatory liabilities 37,448 36,374
Other deferred credits 680 2,086
Total deferred credits 104,665 105,400
Contributions in aid of construction 42,301 41,876
Total Stockholders' Equity and Liabilities $ 510,595 $ 458,853