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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
UTILITY PLANT, at original cost $ 687,929 $ 664,927
Plant acquisition adjustments (9,800) (9,838)
Accumulated depreciation (129,414) (124,082)
Net utility plant 548,715 531,007
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $555 in 2025 and $536 in 2024 1,518 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 7,484 7,249
Unbilled revenues 3,493 3,604
Recoverable income taxes 824 587
Materials and supplies inventories, at cost 3,448 3,413
Prepaid expenses 1,921 1,597
Total current assets 17,171 16,451
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 25,293 25,009
Note receivable 255 255
Deferred regulatory assets 55,475 54,061
Other assets 5,304 5,156
Total other long-term assets 86,327 84,481
Total Assets 653,731 633,473
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,420,319 shares in 2025 and 14,386,282 shares in 2024 139,071 138,089
Retained earnings 95,480 93,103
Total common stockholders' equity 234,551 231,192
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 218,056 205,561
COMMITMENTS
CURRENT LIABILITIES:    
Current portion of long-term debt 330 0
Accounts payable 8,517 9,525
Dividends payable 2,897 2,892
Accrued compensation and benefits 1,708 1,806
Accrued interest 2,483 2,490
Deferred regulatory liabilities 858 864
Other accrued expenses 446 712
Total current liabilities 17,239 18,289
DEFERRED CREDITS:    
Customers' advances for construction 21,812 20,546
Deferred income taxes 63,743 61,157
Deferred employee benefits 3,541 3,526
Deferred regulatory liabilities 43,924 43,947
Other deferred credits 525 386
Total deferred credits 133,545 129,562
Contributions in aid of construction 50,340 48,869
Total Stockholders' Equity and Liabilities $ 653,731 $ 633,473