DEBT (Tables)

12 Months Ended

Dec. 31, 2021

DEBT [Abstract]

Schedule of Long-term debt

Long-term debt consists of:

	December 31,
In thousands	2021		2020
First mortgage bonds
Series R, 5.96%, due December 31, 2028	$	25,000	$	25,000
Series S, 4.45%, due December 31, 2033		7,200		7,800
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		30,000
		127,200		127,800
State revolving fund loans
4.48%, due August 1, 2021		—		318
3.57%, due September 1, 2023		200		294
3.64%, due May 1, 2025		513		648
3.41%, due February 1, 2031		1,735		1,887
3.40%, due July 1, 2032		1,729		1,864
1.187%, due November 1, 2041		2,585		—
		6,762		5,011
Notes Payable
Promissory Note, 5.12%, due December 30, 2028		10,888		11,279
Sub-total		144,850		144,090
Less: current maturities (principal amount)		1,591		1,757
Total long-term debt	$	143,259	$	142,333

Future Minimum Payments

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

In thousands	2022		2023		2024		2025		2026		Thereafter
First Mortgage bonds	$	600	$	600	$	600	$	600	$	600	$	124,200
State revolving fund loans		580		668		584		523		458		3,949
Promissory note		411		433		454		480		505		8,605
Total payments	$	1,591	$	1,701	$	1,638	$	1,603	$	1,563	$	136,754

Substantially all of Artesian Water's utility plant is pledged as security for our First Mortgage Bonds.  As of December 31, 2021, no other water utility plant has been pledged as security for loans.  Two parcels of land in Artesian Wastewater are pledged as security for the promissory note.