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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
UTILITY PLANT, at original cost $ 562,512 $ 549,141
Plant acquisition adjustments (9,161) (9,178)
Accumulated depreciation (110,930) (108,758)
Net utility plant 442,421 431,205
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $470 in 2023 and $463 in 2022 1,594 696
CURRENT ASSETS:    
Cash and cash equivalents 166 1
Accounts receivable, net of reserves of $875 in 2023 and $855 in 2022 5,419 6,701
Unbilled revenues 3,473 3,290
Recoverable income taxes 880 882
Materials and supplies inventories, at cost 3,187 2,335
Prepaid expenses 1,741 1,025
Total current assets 14,866 14,234
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 17,890 17,090
Note receivable 255 255
Deferred regulatory assets 42,840 42,545
Other assets 4,636 4,570
Total other long-term assets 65,621 64,460
Total Assets 524,502 510,595
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,294,898 shares in 2023 and 14,285,584 shares in 2022 134,679 134,220
Retained earnings 73,719 72,963
Total common stockholders' equity 208,398 207,183
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 149,598 139,465
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 10,864 10,766
Dividends payable 2,633 2,628
Accrued compensation and benefits 1,444 1,541
Accrued interest 1,137 965
Deferred regulatory liabilities 600 593
Other accrued expenses 718 488
Total current liabilities 17,396 16,981
DEFERRED CREDITS:    
Customers' advances for construction 15,006 14,911
Deferred income taxes 49,172 47,901
Deferred employee benefits 3,745 3,725
Deferred regulatory liabilities 38,095 37,448
Other deferred credits 791 680
Total deferred credits 106,809 104,665
Contributions in aid of construction 42,301 42,301
Total Stockholders' Equity and Liabilities $ 524,502 $ 510,595