Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
UTILITY PLANT, at original cost	$ 413,016	$ 401,383
Plant acquisition adjustments	(3,284)	(3,318)
Accumulated depreciation	(87,971)	(84,841)
Net utility plant	321,761	313,224
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $449 in 2020 and $435 in 2019	755	769
CURRENT ASSETS:
Cash and cash equivalents	2	2
Accounts receivable, net of reserves of $410 in 2020 and $305 in 2019	4,971	4,421
Unbilled revenues	2,687	2,276
Recoverable income taxes	0	547
Materials and supplies inventories, at cost	1,058	1,007
Prepaid expenses	1,497	1,131
Total current assets	10,215	9,384
OTHER LONG-TERM ASSETS:
Prepaid pension cost	3,192	1,819
Note receivable	255	255
Deferred regulatory assets	36,187	34,189
Other assets	3,784	3,889
Total other long-term assets	43,418	40,152
Total Assets	376,149	363,529
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 13,033,999 shares in 2020 and 13,014,898 shares in 2019	84,872	83,976
Retained earnings	53,700	50,209
Total common stockholders' equity	138,572	134,185
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT, excluding current portion	96,575	94,535
COMMITMENTS
CURRENT LIABILITIES:
Current portion of long-term debt	6,500	6,500
Accounts payable	4,022	3,452
Dividends payable	2,109	2,096
Accrued compensation and benefits	1,259	1,247
Accrued income taxes	736	0
Accrued interest	879	914
Deferred regulatory liabilities	426	609
Other accrued expenses	316	338
Total current liabilities	16,247	15,156
DEFERRED CREDITS:
Customers' advances for construction	9,616	7,844
Deferred income taxes	41,411	40,426
Deferred employee benefits	4,418	4,317
Deferred regulatory liabilities	26,272	24,790
Other deferred credits	3,001	2,247
Total deferred credits	84,718	79,624
Contributions in aid of construction	40,037	40,029
Total Stockholders' Equity and Liabilities	$ 376,149	$ 363,529