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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2017
SUBSEQUENT EVENT [Abstract]  
SUBSEQUENT EVENT
NOTE 11 - SUBSEQUENT EVENT

The Company's First Mortgage Bond, Series P, or the Series P Bond, principal amount $25 million with interest rate of  6.58% is due to expire on January 31, 2018.  It is the Company's intent to refinance the Series P Bond prior to expiration.  On October 10, 2017, Artesian Water and CoBank, ACB, or CoBank entered into a letter agreement, or the Letter Agreement, confirming the forward setting of a fixed interest rate related to the refinance of the Series P Bond.  The fixed amount in the Letter Agreement is $25 million.  The fixed annual interest rate, to be available to the Company until January 31, 2018, through January 31, 2038, is set at an annual interest rate of 4.71%.  Interest will be payable on the 30th of each April, July, October and January, with the final payment due on January 31, 2038.