OTHER DEFERRED ASSETS (Tables)

6 Months Ended

Jun. 30, 2020

OTHER DEFERRED ASSETS [Abstract]

Other Deferred Assets

The investment in CoBank, which is a cooperative bank, is related to certain outstanding First Mortgage Bonds and is a required investment in the bank based on the underlying long-term debt agreements.  Goodwill is a result of the acquisition of water assets from the Town of Frankford in April 2020 based on a preliminary purchase price allocation.  The DEPSC will evaluate this amount in Artesian Water’s next base rate case to determine the appropriate ratemaking treatment of the acquisition price and the assets acquired. A large portion of the remaining other deferred assets, approximately $0.2 million, is in relation to the Mountain Hill acquisition.

In thousands	June 30, 2020		December 31, 2019
Investment in CoBank	$	4,374	$	3,968
Goodwill		1,220		0
Other		290		289
	$	5,884	$	4,257