Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
UTILITY PLANT, at original cost	$ 397,524	$ 380,784
Plant acquisition adjustments	(3,064)	(3,108)
Accumulated depreciation	(83,122)	(78,519)
Net utility plant	311,338	299,157
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $427 in 2019 and $410 in 2018	697	714
CURRENT ASSETS:
Cash and cash equivalents	2	2
Accounts receivable, net of reserves of $317 in 2019 and $305 in 2018	4,545	4,811
Unbilled revenues	2,394	2,427
Recoverable income taxes	508	0
Materials and supplies inventories, at cost	1,022	876
Prepaid expenses	1,442	895
Total current assets	9,913	9,011
OTHER LONG-TERM ASSETS:
Note receivable	255	255
Deferred regulatory assets	33,764	32,353
Other assets	4,972	3,650
Total other long-term assets	38,991	36,258
Total Assets	360,939	345,140
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 12,984,826 shares in 2019 and 12,943,536 shares in 2018	82,644	81,305
Retained earnings	49,164	44,890
Total common stockholders' equity	131,808	126,195
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	94,212	93,328
COMMITMENTS
CURRENT LIABILITIES:
Short-term borrowings	0	1,000
Current portion of long-term debt	6,500	30
Accounts payable	4,751	3,030
Dividends payable	2,008	1,999
Accrued compensation and benefits	1,136	1,191
Accrued income taxes	0	150
Accrued interest	1,079	992
Deferred regulatory liabilities	1,138	2,104
Other accrued expenses	327	345
Total current liabilities	16,939	10,841
DEFERRED CREDITS:
Customers' advances for construction	7,916	6,849
Deferred income taxes	39,134	36,962
Deferred employee benefits	3,909	4,715
Deferred regulatory liabilities	24,835	24,710
Other deferred credits	2,435	1,815
Total deferred credits	78,229	75,051
Contributions in aid of construction	39,751	39,725
Total Stockholders' Equity and Liabilities	$ 360,939	$ 345,140