Balance Sheets (Unaudited) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
ASSETS
UTILITY PLANT, at original cost	$ 276,707	$ 272,565
Plant acquisition adjustments	(2,683)	(2,709)
Accumulated depreciation	(44,482)	(42,179)
Net utility plant	229,542	227,677
OTHER PHYSICAL PROPERTY:
Net of accumulated depreciation of $198 in 2011 and $190 in 2010	704	712
CURRENT ASSETS:
Cash and cash equivalents	3,144	1,327
Accounts receivable, net of reserves of $422 in 2011 and $245 in 2010	3,450	3,769
Unbilled revenues	2,687	2,503
Recoverable income taxes	682	21
Materials and supplies inventories, at cost	701	608
Prepaid expenses	491	398
Deferred income taxes	289	167
Total current assets	11,444	8,793
OTHER LONG-TERM ASSETS:
Deferred debt expense	2,448	2,501
Notes receivable	387	407
Deferred regulatory assets	16,291	15,821
Restricted cash-compensating balance	500	500
Other assets	3,446	3,520
Total other long-term assets	23,072	22,749
Total Assets	264,762	259,931
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 12,743,439 shares in 2011 and 12,692,054 shares in 2010	76,322	75,481
Retained earnings	17,042	15,776
Total common stockholders' equity	93,364	91,257
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	85,006	85,132
COMMITMENTS
CURRENT LIABILITIES:
Current portion of long-term debt	82	41
Accounts payable	1,676	1,245
Dividends payable	1,444	1,440
Accrued compensation and benefits	977	985
Accrued interest	1,065	1,068
Other accrued expenses	559	552
Total current liabilities	5,803	5,331
DEFERRED CREDITS:
Customers' advances for construction	14,890	15,031
Deferred income taxes	27,937	25,437
Deferred employee benefits	9,760	9,814
Other deferred credits	2,063	2,003
Total deferred credits	54,650	52,285
Contributions in aid of construction	25,939	25,926
Total Stockholders' Equity and Liabilities	$ 264,762	$ 259,931