SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Utility Plant

Utility plant comprises:
In thousands
			December 31,
	Estimated Useful Life (In Years)		2013		2012
Utility plant at original cost
Utility plant in service-Water
Intangible plant		—	$	140	$	140
Source of supply plant		45-85		17,778		17,663
Pumping and water treatment plant		8-62		65,089		64,200
Transmission and distribution plant
Mains		81		205,759		195,671
Services		39		32,912		31,627
Storage tanks		76		23,895		23,814
Meters		26		21,585		20,652
Hydrants		60		10,964		10,505
General plant		3-31		49,593		46,520
Utility plant in service-Wastewater
Treatment and Disposal Plant		35-62		12,420		11,708
Collection Mains & Lift Stations		81		6,745		6,031
General plant		3-31		860		783
Property held for future use		—		14,865		14,525
Construction work in progress		—		5,793		6,198
				468,398		450,037
Less – accumulated depreciation				89,438		83,474
			$	378,960	$	366,563

Regulatory Assets, Net of Amortization

Regulatory assets at December 31, net of amortization, comprise:

In thousands	2013		2012
Postretirement benefit obligation	$	438	$	497
Deferred income taxes		476		491
Goodwill		333		340
Deferred acquisition and franchise costs		792		824
Expense of rate and regulatory proceedings		265		241
	$	2,304	$	2,393

Other Deferred Assets, Net of Amortization

Other deferred assets at December 31, net of amortization, comprise:

In thousands	2013		2012
Debt issuance cost	$	1,989	$	2,108
Investment in Co-Bank		2,680		2,523
Other		503		565
	$	5,172	$	5,196

Weighted-average Assumptions Used for Grants Issued

	2013		2012		2011
Expected Dividend Yield		3.63%		4.18%		4.00%
Expected Stock Price Volatility		26.16%		25.13%		24.97%
Weighted Average Risk Free Interest Rate		1.68%		1.87%		3.12%
Weighted Average Expected Life of Options (in years)		9.41		9.47		8.36

Changes in Accounts Receivable

	December 31,
In thousands	2013			2012			2011
Customer accounts receivable – water		$	3,902		$	3,988		$	3,390
Other			1,434			1,981			1,823
			5,336			5,969			5,213
Less allowance for doubtful accounts			221			241			216
Net accounts receivable		$	5,115		$	5,728		$	4,997

Allowance for Doubtful Accounts

The activities in the allowance for doubtful accounts are as follows:

	December 31,
In thousands	2013				2012				2011
Beginning balance		$	241			$	216			$	230
Allowance adjustments			180				215				262
Recoveries			115				141				111
Write off of uncollectible accounts			(315	)			(331	)			(387	)
Ending balance		$	221			$	241			$	216