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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
UTILITY PLANT, at original cost $ 676,445 $ 664,927
Plant acquisition adjustments (9,819) (9,838)
Accumulated depreciation (126,738) (124,082)
Net utility plant 539,888 531,007
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $545 in 2025 and $536 in 2024 1,525 1,534
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $1,610 in 2025 and $1,610 in 2024 6,905 7,249
Unbilled revenues 3,539 3,604
Recoverable income taxes 0 587
Materials and supplies inventories, at cost 3,331 3,413
Prepaid expenses 1,942 1,597
Total current assets 15,718 16,451
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 25,151 25,009
Note receivable 255 255
Deferred regulatory assets 53,987 54,061
Other assets 5,228 5,156
Total other long-term assets 84,621 84,481
Total Assets 641,752 633,473
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,399,650 shares in 2025 and 14,386,282 shares in 2024 138,556 138,089
Retained earnings 93,587 93,103
Total common stockholders' equity 232,143 231,192
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 211,643 205,561
COMMITMENTS
CURRENT LIABILITIES:    
Accounts payable 10,023 9,525
Dividends payable 2,898 2,892
Accrued compensation and benefits 1,605 1,806
Accrued income taxes 32 0
Accrued interest 1,322 2,490
Deferred regulatory liabilities 861 864
Other accrued expenses 681 712
Total current liabilities 17,422 18,289
DEFERRED CREDITS:    
Customers' advances for construction 21,358 20,546
Deferred income taxes 61,710 61,157
Deferred employee benefits 3,535 3,526
Deferred regulatory liabilities 43,936 43,947
Other deferred credits 485 386
Total deferred credits 131,024 129,562
Contributions in aid of construction 49,520 48,869
Total Stockholders' Equity and Liabilities $ 641,752 $ 633,473