Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
UTILITY PLANT, at original cost	$ 331,212	$ 329,415
Plant acquisition adjustments	(3,655)	(3,724)
Accumulated depreciation	(65,676)	(64,271)
Net utility plant	261,881	261,420
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $335 in 2016 and $329 in 2015	763	769
CURRENT ASSETS:
Cash and cash equivalents	3,217	2,879
Accounts receivable, net of reserves of $335 in 2016 and $315 in 2015	3,583	3,535
Unbilled revenues	2,510	2,614
Recoverable income taxes	429	1,049
Materials and supplies inventories, at cost	752	771
Prepaid expenses	1,068	729
Total current assets	11,559	11,577
OTHER LONG-TERM ASSETS:
Notes receivable	255	255
Deferred regulatory assets	33,278	32,996
Other assets	3,482	3,516
Total other long-term assets	37,015	36,767
Total Assets	311,218	310,533
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 12,839,735 shares in 2016 and 12,812,377 shares in 2015	78,050	77,317
Retained earnings	32,244	31,753
Total common stockholders' equity	110,294	109,070
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	$ 84,543	$ 84,518
COMMITMENTS
CURRENT LIABILITIES:
Current portion of long-term debt	$ 44	$ 44
Accounts payable	1,947	1,772
Dividends payable	1,723	1,708
Accrued compensation and benefits	1,172	1,174
Accrued interest	1,098	976
Other accrued expenses	559	523
Total current liabilities	6,543	6,197
DEFERRED CREDITS:
Customers' advances for construction	7,521	7,500
Deferred income taxes	50,783	50,280
Deferred employee benefits	9,049	11,079
Other deferred credits	7,378	6,959
Total deferred credits	74,731	75,818
Contributions in aid of construction	35,107	34,930
Total Stockholders' Equity and Liabilities	$ 311,218	$ 310,533