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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
UTILITY PLANT, at original cost $ 664,927 $ 620,201
Plant acquisition adjustments (9,838) (9,384)
Accumulated depreciation (124,082) (117,113)
Net utility plant 531,007 493,704
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $536 in 2024 and $501 in 2023 1,534 1,569
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $1,610 in 2024 and $1,005 in 2023 7,249 7,837
Unbilled revenues 3,604 3,484
Recoverable income taxes 587 332
Materials and supplies inventories, at cost 3,413 3,109
Prepaid expenses 1,597 821
Total current assets 16,451 15,584
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 25,009 23,380
Note receivable 255 255
Deferred regulatory assets 54,061 48,949
Other assets 5,156 4,764
Total other long-term assets 84,481 77,348
Total Assets 633,473 588,205
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,386,282 shares in 2024 and 14,332,245 shares in 2023 138,089 136,174
Retained earnings 93,103 85,004
Total common stockholders' equity 231,192 221,178
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 205,561 180,007
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 9,525 10,873
Dividends payable 2,892 2,754
Accrued compensation and benefits 1,806 1,629
Accrued interest 2,490 1,741
Deferred regulatory liabilities 864 644
Other accrued expenses 712 502
Total current liabilities 18,289 18,143
DEFERRED CREDITS:    
Customers' advances for construction 20,546 18,853
Deferred income taxes 61,157 55,235
Deferred employee benefits 3,526 3,847
Deferred regulatory liabilities 43,947 42,989
Other deferred credits 386 632
Total deferred credits 129,562 121,556
Contributions in aid of construction 48,869 47,321
Total Stockholders' Equity and Liabilities $ 633,473 $ 588,205