DEBT (Tables)

12 Months Ended

Dec. 31, 2019

DEBT [Abstract]

Schedule of Long-term debt

Table of Contents

Long-term debt consists of:

	December 31,
In thousands	2019		2018
First mortgage bonds
Series R, 5.96%, due December 31, 2028	$	25,000	$	25,000
Series S, 4.45%, due December 31, 2033		8,400		9,000
Series T, 4.24%, due December 20, 2036		40,000		40,000
Series U, 4.71%, due January 31, 2038		25,000		25,000
Series V, 4.42%, due October 31, 2049		30,000		—
		128,400		99,000
State revolving fund loans
4.48%, due August 1, 2021		622		912
3.57%, due September 1, 2023		385		473
3.64%, due May 1, 2025		778		904
3.41%, due February 1, 2031		2,034		2,177
3.40%, due July 1, 2032		1,995		2,121
		5,814		6,587
Notes Payable
Promissory Note		11,648		12,000
Sub-total		145,862		117,587
Less: current maturities (principal amount)		1,706		1,725
Total long-term debt	$	144,156	$	115,862

Future Minimum Payments

Payments of principal amounts due during the next five years and thereafter:

In thousands	2020		2021		2022		2023		2024		Thereafter
First Mortgage bonds	$	600	$	600	$	600	$	600	$	600	$	125,400
State revolving fund loans		737		832		533		552		466		2,694
Promissory note		369		390		411		433		454		9,591
Total payments	$	1,706	$	1,822	$	1,544	$	1,585	$	1,520	$	137,685