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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
UTILITY PLANT, at original cost $ 628,710 $ 620,201
Plant acquisition adjustments (9,364) (9,384)
Accumulated depreciation (116,918) (117,113)
Net utility plant 502,428 493,704
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $511 in 2024 and $501 in 2023 1,559 1,569
CURRENT ASSETS:    
Cash and cash equivalents 3,321 1
Accounts receivable, net of reserves of $1,055 in 2024 and $1,005 in 2023 7,086 7,837
Unbilled revenues 3,575 3,484
Recoverable income taxes 0 332
Materials and supplies inventories, at cost 3,525 3,109
Prepaid expenses 1,432 821
Total current assets 18,939 15,584
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 23,940 23,380
Note receivable 255 255
Deferred regulatory assets 50,257 48,949
Other assets 4,909 4,764
Total other long-term assets 79,361 77,348
Total Assets 602,287 588,205
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,343,500 shares in 2024 and 14,332,245 shares in 2023 136,622 136,174
Retained earnings 86,309 85,004
Total common stockholders' equity 222,931 221,178
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 189,613 180,007
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 11,785 10,873
Dividends payable 2,757 2,754
Accrued compensation and benefits 1,539 1,629
Accrued income taxes 54 0
Accrued interest 1,815 1,741
Deferred regulatory liabilities 662 644
Other accrued expenses 721 502
Total current liabilities 19,333 18,143
DEFERRED CREDITS:    
Customers' advances for construction 19,134 18,853
Deferred income taxes 56,282 55,235
Deferred employee benefits 3,818 3,847
Deferred regulatory liabilities 43,393 42,989
Other deferred credits 458 632
Total deferred credits 123,085 121,556
Contributions in aid of construction 47,325 47,321
Total Stockholders' Equity and Liabilities $ 602,287 $ 588,205