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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Utility plant, at original cost less accumulated depreciation $ 348,251 $ 345,383
Current assets    
Cash and cash equivalents 188 179
Accounts receivable (less allowance for doubtful accounts 2011 - $228; 2010-$230) 4,409 5,094
Unbilled operating revenues 4,374 3,614
Materials and supplies 1,360 1,246
Prepaid property taxes 3 1,260
Prepaid expenses and other 1,005 2,640
Total current assets 11,339 14,033
Other assets    
Non utility property (less accumulated depreciation 2011-$357; 2010-$377) 4,268 4,480
Other deferred assets 5,310 5,023
Total other assets 9,578 9,503
Regulatory assets, net 2,645 2,610
Total Assets 371,813 371,529
Stockholders' equity    
Common stock 7,675 7,637
Preferred stock 0 0
Additional paid-in capital 70,651 69,989
Retained earnings 17,379 17,520
Total stockholders' equity 95,705 95,146
Long-term debt, net of current portion 106,729 105,061
Total stockholders' equity and long term debt 202,434 200,207
Current liabilities    
Lines of credit 25,632 29,071
Overdraft payable 425 740
Current portion of long-term debt 1,653 1,545
Accounts payable 2,636 3,401
Accrued expenses 2,847 2,126
Deferred income taxes 0 459
Accrued interest 1,215 1,189
Customer deposits 907 805
Other 2,938 2,549
Total current liabilities 38,253 41,885
Commitments and contingencies 0 0
Deferred credits and other liabilities    
Net advances for construction 15,832 16,159
Postretirement benefit obligation 418 525
Deferred investment tax credits 653 664
Deferred income taxes 39,261 37,558
Total deferred credits and other liabilities 56,164 54,906
Net contributions in aid of construction 74,962 74,531
Liabilities and Stockholders' equity $ 371,813 $ 371,529