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REGULATORY ASSETS (Tables)

9 Months Ended

Sep. 30, 2024

REGULATORY ASSETS [Abstract]

Amortization Period of Other Regulatory Expense

Regulatory expenses amortized on a straight-line basis are noted below:

Expense	Years Amortized
Deferred contract costs and other	5
Rate case studies	5
Delaware rate proceedings	3
Debt related costs	15 to 30 (based on term of related debt)
Deferred costs affiliated interest agreement	20
Goodwill (Mountain Hill Water Company acquisition in 2008)	50
Deferred acquisition and franchise costs - Maryland	20 – 80
Deferred acquisition costs - Delaware	20
Deferred acquisition adjustments - Delaware	36 – 62
Unrecovered reserve for depreciation (general plant assets)	5

Regulatory Assets, Net of Amortization, Comprise

Regulatory assets, net of amortization, comprise:
		(in thousands)
		September 30, 2024				December 31, 2023

Deferred contract costs and other		$	290			$	209
Rate case studies			150				166
Delaware rate proceedings			536				355
Deferred income taxes			429				444
Debt related costs			4,057				4,322
Deferred costs affiliated interest agreement			1,068				1,110
Goodwill			253				258
Deferred acquisition and franchise costs – Maryland			398				425
Deferred acquisition costs – Delaware			234				–
Deferred acquisition adjustments – Delaware			3,377				–
Unrecovered reserve for depreciation			4,081				–
		$	14,873			$	7,289