v3.26.1
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
UTILITY PLANT, at original cost $ 735,857 $ 711,121
Plant acquisition adjustments (10,006) (9,761)
Accumulated depreciation (139,287) (132,934)
Net utility plant 586,564 568,426
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $590 in 2026 and $573 in 2025 1,491 1,500
CURRENT ASSETS:    
Cash and cash equivalents 555 1
Accounts receivable, net of reserves of $1,860 in 2026 and $1,710 in 2025 8,639 8,572
Unbilled revenues 4,501 3,833
Recoverable income taxes 1,054 1,054
Materials and supplies inventories, at cost 3,243 3,361
Prepaid expenses 2,075 1,621
Total current assets 20,067 18,442
OTHER LONG-TERM ASSETS:    
Prepaid pension cost 28,352 27,969
Note receivable 248 255
Deferred regulatory assets 62,140 59,297
Other assets 5,105 4,999
Total other long-term assets 95,845 92,520
Total Assets 703,967 680,888
COMMON STOCKHOLDERS' EQUITY:    
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 16,227,737 shares in 2026 and 14,446,581 shares in 2025 188,444 139,952
Retained earnings 105,832 100,395
Total common stockholders' equity 294,276 240,347
PREFERRED STOCK, authorized 500,000 shares, no shares issued 0 0
LONG-TERM DEBT 189,364 221,900
COMMITMENTS
CURRENT LIABILITIES:    
Short-term borrowings 0 10,000
Current portion of long-term debt 340 330
Accounts payable 9,337 8,423
Dividends payable 3,453 3,032
Accrued compensation and benefits 2,106 1,879
Accrued interest 2,483 2,490
Deferred regulatory liabilities 937 889
Other accrued expenses 504 584
Total current liabilities 19,160 27,627
DEFERRED CREDITS:    
Customers' advances for construction 27,953 22,357
Deferred income taxes 71,258 67,276
Deferred employee benefits 3,586 3,546
Deferred regulatory liabilities 46,379 46,298
Other deferred credits 299 479
Total deferred credits 149,475 139,956
Contributions in aid of construction 51,692 51,058
Total Stockholders' Equity and Liabilities $ 703,967 $ 680,888