Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
UTILITY PLANT, at original cost	$ 349,137	$ 343,412
Plant acquisition adjustments	(3,295)	(3,667)
Accumulated depreciation	(70,473)	(68,838)
Net utility plant	275,369	270,907
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $358 in 2017 and $353 in 2016	741	745
CURRENT ASSETS:
Cash and cash equivalents	440	4,209
Accounts receivable, net of reserves of $326 in 2017 and $305 in 2016	3,998	4,296
Unbilled revenues	2,202	2,429
Recoverable income taxes	480	282
Materials and supplies inventories, at cost	882	746
Prepaid expenses	1,002	658
Total current assets	9,004	12,620
OTHER LONG-TERM ASSETS:
Notes receivable	255	255
Deferred regulatory assets	33,294	33,027
Other assets	3,016	2,940
Total other long-term assets	36,565	36,222
Total Assets	321,679	320,494
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000, shares issued 12,867,379 in 2017 and 12,852,295 in 2016, shares outstanding 12,843,050 in 2017 and 12,852,295 in 2016	79,037	78,513
Retained earnings	36,069	35,548
Treasury stock, at cost, 24,329 shares in 2017	(825)	0
Total common stockholders' equity	114,281	114,061
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	84,634	84,609
COMMITMENTS
CURRENT LIABILITIES:
Current portion of long-term debt	44	44
Accounts payable	3,373	3,669
Dividends payable	1,807	1,803
Accrued compensation and benefits	1,198	1,233
Accrued interest	1,104	921
Other accrued expenses	592	514
Total current liabilities	8,118	8,184
DEFERRED CREDITS:
Customers' advances for construction	7,143	7,102
Deferred income taxes	55,516	54,169
Deferred employee benefits	8,627	8,990
Other deferred credits	6,646	6,725
Total deferred credits	77,932	76,986
Contributions in aid of construction	36,714	36,654
Total Stockholders' Equity and Liabilities	$ 321,679	$ 320,494