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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
UTILITY PLANT, at original cost $ 598,536 $ 549,141
Plant acquisition adjustments (9,331) (9,178)
Accumulated depreciation (115,493) (108,758)
Net utility plant 473,712 431,205
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $484 in 2023 and $463 in 2022 1,580 696
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $875 in 2023 and $855 in 2022 7,354 6,701
Unbilled revenues 3,249 3,290
Recoverable income taxes 578 882
Materials and supplies inventories, at cost 3,225 2,335
Prepaid expenses 1,703 1,025
Total current assets 16,110 14,234
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 19,244 17,090
Note receivable 255 255
Deferred regulatory assets 46,165 42,545
Other assets 4,687 4,570
Total other long-term assets 70,351 64,460
Total Assets 561,753 510,595
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,320,737 shares in 2023 and 14,285,584 shares in 2022 135,695 134,220
Retained earnings 82,012 72,963
Total common stockholders' equity 217,707 207,183
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 167,769 139,465
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 12,276 10,766
Dividends payable 2,639 2,628
Accrued compensation and benefits 1,589 1,541
Accrued interest 1,628 965
Deferred regulatory liabilities 596 593
Other accrued expenses 403 488
Total current liabilities 19,131 16,981
DEFERRED CREDITS:    
Customers' advances for construction 18,105 14,911
Deferred income taxes 53,639 47,901
Deferred employee benefits 3,747 3,725
Deferred regulatory liabilities 39,051 37,448
Other deferred credits 303 680
Total deferred credits 114,845 104,665
Contributions in aid of construction 42,301 42,301
Total Stockholders' Equity and Liabilities $ 561,753 $ 510,595