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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
UTILITY PLANT, at original cost $ 582,332 $ 549,141
Plant acquisition adjustments (9,347) (9,178)
Accumulated depreciation (113,570) (108,758)
Net utility plant 459,415 431,205
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $477 in 2023 and $463 in 2022 1,587 696
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $875 in 2023 and $855 in 2022 6,096 6,701
Unbilled revenues 3,869 3,290
Recoverable income taxes 366 882
Materials and supplies inventories, at cost 3,532 2,335
Prepaid expenses 1,496 1,025
Total current assets 15,360 14,234
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 18,567 17,090
Note receivable 255 255
Deferred regulatory assets 43,686 42,545
Other assets 4,670 4,570
Total other long-term assets 67,178 64,460
Total Assets 543,540 510,595
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,309,160 shares in 2023 and 14,285,584 shares in 2022 135,199 134,220
Retained earnings 77,345 72,963
Total common stockholders' equity 212,544 207,183
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT, excluding current portion 157,771 139,465
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 14,382 10,766
Dividends payable 2,640 2,628
Accrued compensation and benefits 1,529 1,541
Accrued interest 1,738 965
Deferred regulatory liabilities 598 593
Other accrued expenses 416 488
Total current liabilities 21,303 16,981
DEFERRED CREDITS:    
Customers' advances for construction 15,871 14,911
Deferred income taxes 50,975 47,901
Deferred employee benefits 3,728 3,725
Deferred regulatory liabilities 38,531 37,448
Other deferred credits 516 680
Total deferred credits 109,621 104,665
Contributions in aid of construction 42,301 42,301
Total Stockholders' Equity and Liabilities $ 543,540 $ 510,595