REGULATORY ASSETS (Tables)

6 Months Ended

Jun. 30, 2014

REGULATORY ASSETS [Abstract]

Regulatory assets, net of amortization, comprise

Regulatory assets, net of amortization, comprise:
	(in thousands)
	June 30, 2014		December 31, 2013
Postretirement benefit obligation	$	438	$	438
Deferred income taxes		469		476
Goodwill		329		333
Deferred acquisition and franchise costs		774		792
Expense of rate and regulatory proceedings		316		265
	$	2,326	$	2,304