Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
UTILITY PLANT, at original cost	$ 323,513	$ 316,525
Plant acquisition adjustments	(3,727)	(3,522)
Accumulated depreciation	(62,468)	(59,809)
Net utility plant	257,318	253,194
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $299 in 2015 and $286 in 2014	756	765
CURRENT ASSETS:
Cash and cash equivalents	1,029	1,488
Restricted cash	0	7
Accounts receivable, net of reserves of $358 in 2015 and $325 in 2014	4,316	3,991
Unbilled revenues	2,339	2,377
Recoverable income taxes	472	957
Materials and supplies inventories, at cost	788	771
Prepaid expenses	905	584
Deferred income taxes	244	1,058
Total current assets	10,093	11,233
OTHER LONG-TERM ASSETS:
Deferred debt expense	2,513	2,573
Notes receivable	255	266
Deferred regulatory assets	32,469	32,614
Other assets	3,668	3,694
Total other long-term assets	38,905	39,147
Total Assets	307,072	304,339
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 12,882,094 shares in 2015 and 12,830,521 shares in 2014	78,713	77,556
Retained earnings	28,617	27,007
Total common stockholders' equity	107,330	104,563
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	$ 84,820	$ 84,842
COMMITMENTS
CURRENT LIABILITIES:
Current portion of long-term debt	$ 43	$ 43
Accounts payable	2,396	1,589
Dividends payable	1,655	1,647
Accrued compensation and benefits	1,242	1,078
Accrued interest	1,027	1,027
Other accrued expenses	471	546
Total current liabilities	6,834	5,930
DEFERRED CREDITS:
Customers' advances for construction	10,908	10,712
Deferred income taxes	46,833	46,024
Deferred employee benefits	12,066	13,727
Other deferred credits	7,205	7,489
Total deferred credits	77,012	77,952
Contributions in aid of construction	31,076	31,052
Total Stockholders' Equity and Liabilities	$ 307,072	$ 304,339