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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
UTILITY PLANT, at original cost $ 641,188 $ 620,201
Plant acquisition adjustments (9,457) (9,384)
Accumulated depreciation (119,681) (117,113)
Net utility plant 512,050 493,704
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $520 in 2024 and $501 in 2023 1,550 1,569
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $1,305 in 2024 and $1,005 in 2023 7,649 7,837
Unbilled revenues 3,741 3,484
Recoverable income taxes 0 332
Materials and supplies inventories, at cost 3,584 3,109
Prepaid expenses 1,569 821
Total current assets 16,544 15,584
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 24,112 23,380
Note receivable 255 255
Deferred regulatory assets 50,872 48,949
Other assets 4,996 4,764
Total other long-term assets 80,235 77,348
Total Assets 610,379 588,205
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,361,225 shares in 2024 and 14,332,245 shares in 2023 137,138 136,174
Retained earnings 88,277 85,004
Total common stockholders' equity 225,415 221,178
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 191,121 180,007
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 12,955 10,873
Dividends payable 2,761 2,754
Accrued compensation and benefits 1,599 1,629
Accrued income taxes 230 0
Accrued interest 2,492 1,741
Deferred regulatory liabilities 754 644
Other accrued expenses 441 502
Total current liabilities 21,232 18,143
DEFERRED CREDITS:    
Customers' advances for construction 20,498 18,853
Deferred income taxes 57,469 55,235
Deferred employee benefits 3,726 3,847
Deferred regulatory liabilities 43,116 42,989
Other deferred credits 397 632
Total deferred credits 125,206 121,556
Contributions in aid of construction 47,405 47,321
Total Stockholders' Equity and Liabilities $ 610,379 $ 588,205