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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Sep. 30, 2024
REVENUE RECOGNITION [Abstract] |
Disaggregation of Revenues | The following table shows the Company’s revenues disaggregated by service type; all revenues are generated within a similar geographical location:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Tariff Revenue |  |  |  |  |  |  |  |  |  |  |  |
Consumption charges |  | $ | 16,747 |  |  | $ | 13,681 |  |  | $ | 44,232 |  |  | $ | 37,064 |
Fixed fees |  |  | 9,156 |  |  |  | 8,299 |  |  |  | 27,578 |  |  |  | 24,365 |
Service charges |  |  | 186 |  |  |  | 169 |  |  |  | 565 |  |  |  | 523 |
DSIC |  |  | 67 |  |  |  | 1,403 |  |  |  | 67 |  |  |  | 3,922 |
Metered wastewater services |  |  | 253 |  |  |  | 183 |  |  |  | 598 |  |  |  | 435 |
Industrial wastewater services |  |  | 467 |  |  |  | 537 |  |  |  | 1,390 |  |  |  | 1,384 |
Total Tariff Revenue |  | $ | 26,876 |  |  | $ | 24,272 |  |  | $ | 74,430 |  |  | $ | 67,693 |
Non-Tariff Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service line protection plans |  | $ | 1,468 |  |  | $ | 1,441 |  |  | $ | 4,323 |  |  | $ | 4,176 |
Contract operations |  |  | 255 |  |  |  | 272 |  |  |  | 760 |  |  |  | 793 |
Design and installation |  |  | 2 |  |  |  | 28 |  |  |  | 61 |  |  |  | 150 |
Inspection fees |  |  | 120 |  |  |  | 138 |  |  |  | 331 |  |  |  | 325 |
Total Non-Tariff Revenue |  | $ | 1,845 |  |  | $ | 1,879 |  |  | $ | 5,475 |  |  | $ | 5,444 |
Other Operating Revenue |  | $ | 421 |  |  | $ | 419 |  |  | $ | 1,197 |  |  | $ | 1,180 |
Total Operating Revenue |  | $ | 29,142 |  |  | $ | 26,570 |  |  | $ | 81,102 |  |  | $ | 74,317 |
Contract Assets and Contract Liabilities | Our contract assets and liabilities consist of the following:
(in thousands) |  | September 30, 2024 |  |  | December 31, 2023 |
Contract Assets – Tariff |  | $ | 3,446 |  |  | $ | 3,043 |
Deferred Revenue |  |  |  |  |  |  |  |
Deferred Revenue – Tariff |  | $ | 1,395 |  |  | $ | 1,300 |
Deferred Revenue – Non-Tariff |  |  | 587 |  |  |  | 539 |
Total Deferred Revenue |  | $ | 1,982 |  |  | $ | 1,839 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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