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BUSINESS SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2024
BUSINESS SEGMENT INFORMATION [Abstract] |
Segment Reporting Information, by Segment | The accounting policies of the operating segments are the same as those described in Note 2 – Basis of Presentation. The Regulated Utility segment includes inter-segment costs related to leased office space provided by one non-utility business, calculated on the lower of cost or market method, which are eliminated to reconcile to the Condensed Consolidated Statements of Operations. The Regulated Utility segment also allocates certain corporate costs to the non-utility businesses. The measurement of depreciation, interest, and capital expenditures are predominately related to our Regulated Utility segment. These amounts in our non-utility business are negligible and account for approximately less than 1% of condensed consolidated amounts as of September 30, 2024 and September 30, 2023.
(in thousands) |  |  |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Regulated Utility |  | $ | 27,450 |  |  | $ | 24,877 |  |  | $ | 76,080 |  |  | $ | 69,377 |
Other (non-utility) |  |  | 1,751 |  |  |  | 1,747 |  |  |  | 5,198 |  |  |  | 5,101 |
Inter-segment elimination |  |  | (59 | ) |  |  | (54 | ) |  |  | (176 | ) |  |  | (161 | )
Consolidated Revenues |  | $ | 29,142 |  |  | $ | 26,570 |  |  | $ | 81,102 |  |  | $ | 74,317 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated Utility |  | $ | 8,289 |  |  | $ | 6,387 |  |  | $ | 19,555 |  |  | $ | 16,104 |
Other (non-utility) |  |  | 301 |  |  |  | 274 |  |  |  | 953 |  |  |  | 828 |
Consolidated Operating Income |  | $ | 8,590 |  |  | $ | 6,661 |  |  | $ | 20,508 |  |  | $ | 16,932 |
Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated Utility |  | $ | 2,147 |  |  | $ | 1,929 |  |  | $ | 5,298 |  |  | $ | 4,300 |
Other (non-utility) |  |  | 208 |  |  |  | 320 |  |  |  | 684 |  |  |  | 856 |
Consolidated Income Taxes |  | $ | 2,355 |  |  | $ | 2,249 |  |  | $ | 5,982 |  |  | $ | 5,156 |
|  | September 30, 2024 |  |  | December 31, 2023 |
Assets: |  |  |  |  |  |
Regulated Utility |  | $ | 781,225 |  |  | $ | 760,339 |
Other (non-utility) |  |  | 14,795 |  |  |  | 6,493 |
Consolidated Assets |  | $ | 796,020 |  |  | $ | 766,832 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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