XML 29 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
OTHER INCOME AND EXPENSES
 12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
OTHER INCOME AND EXPENSES OTHER INCOME AND EXPENSES
The Company conducts various non-regulated activities as reflected in the table below:
 202320222021
 RevenueExpenseRevenueExpenseRevenueExpense
Operating and maintenance$12,499 $10,786 $12,860 $11,959 $16,276 $16,344 
Leases2,504 26 2,642 46 2,744 230 
Design and construction652 536 416 328 619 611 
Meter reading and billing198 2 534 123 495 79 
Interest income303 — 177 — 171 — 
Loss (gain) from non-qualified benefit plan investments— (4,919)— 7,161 — (3,800)
Other non-regulated income and expenses2,353 5,376 4,647 5,204 2,456 3,770 
Total$18,509 $11,807 $21,276 $24,821 $22,761 $17,234 
Operating and maintenance services and meter reading and billing services are provided for water and wastewater systems owned by private companies and municipalities. The agreements typically call for a fee-per-service or a flat-rate amount per month. Leases have been entered into with telecommunications companies for cellular phone antennas placed on the Company's property. Design and construction services are for the design and installation of water mains and other water infrastructure for others outside the Company's regulated service areas. Third-party insurance program gains and losses are included in other non-regulated income and expenses. In 2022, the Company recorded a gain of $2.7 million related to Company-owned life insurance as part of "revenue" in "other non-regulated income and expenses" in the table above.