v3.26.1
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
UTILITY PLANT, at original cost $ 721,000 $ 711,121
Plant acquisition adjustments (9,742) (9,761)
Accumulated depreciation (135,574) (132,934)
Net utility plant 575,684 568,426
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $582 in 2026 and $573 in 2025 1,491 1,500
CURRENT ASSETS:    
Cash and cash equivalents 1 1
Accounts receivable, net of reserves of $1,760 in 2026 and $1,710 in 2025 7,317 8,572
Unbilled revenues 4,546 3,833
Recoverable income taxes 1,054 1,054
Materials and supplies inventories, at cost 3,168 3,361
Prepaid expenses 2,379 1,621
Total current assets 18,465 18,442
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 28,160 27,969
Note receivable 255 255
Deferred regulatory assets 60,671 59,297
Other assets 5,078 4,999
Total other long-term assets 94,164 92,520
Total Assets 689,804 680,888
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 14,458,449 shares in 2026 and 14,446,581 shares in 2025 140,365 139,952
Retained earnings 101,915 100,395
Total common stockholders' equity 242,280 240,347
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 227,058 221,900
COMMITMENTS
CURRENT LIABILITIES:    
Short-term borrowings 10,000 10,000
Current portion of long-term debt 330 330
Accounts payable 7,529 8,423
Dividends payable 3,046 3,032
Accrued compensation and benefits 1,850 1,879
Accrued interest 1,316 2,490
Deferred regulatory liabilities 904 889
Other accrued expenses 664 584
Total current liabilities 25,639 27,627
DEFERRED CREDITS:    
Customers' advances for construction 24,300 22,357
Deferred income taxes 68,734 67,276
Deferred employee benefits 3,567 3,546
Deferred regulatory liabilities 46,337 46,298
Other deferred credits 404 479
Total deferred credits 143,342 139,956
Contributions in aid of construction 51,485 51,058
Total Stockholders' Equity and Liabilities $ 689,804 $ 680,888