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REGULATORY ASSETS (Tables)
9 Months Ended
Sep. 30, 2014
REGULATORY ASSETS [Abstract]  
Regulatory assets, net of amortization, comprise

Regulatory assets, net of amortization, comprise:
 
  
(in thousands)
 
  
September 30, 2014
  
December 31, 2013
 
     
Postretirement benefit obligation
 
$
438
  
$
438
 
Deferred income taxes
  
465
   
476
 
Goodwill
  
327
   
333
 
Deferred acquisition and franchise costs
  
765
   
792
 
Expense of rate and regulatory proceedings
  
367
   
265
 
  
$
2,362
  
$
2,304