REGULATORY ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

REGULATORY ASSETS [Abstract]

Amortization Period of Other Regulatory Expense

Regulatory expenses amortized on a straight-line basis are noted below:

Expense	Years Amortized
Deferred contract costs and other	5
Rate case studies	5
Delaware rate proceedings	2.5
Maryland rate proceedings	5
Debt related costs	15 to 30 (based on term of related debt)
Deferred costs affiliated interest agreement	20
Goodwill (resulting from acquisition of Mountain Hill Water Company in 2008)	50
Deferred acquisition costs (resulting from purchase of water assets in Cecil County, Maryland in 2011 and Port Deposit, Maryland in 2010)	20
Franchise Costs (resulting from purchase of water assets in Cecil County, Maryland in 2011)	80

Regulatory Assets, Net of Amortization, Comprise

Regulatory assets, net of amortization, comprise:
	(in thousands)
	March 31, 2023		December 31, 2022
Deferred income taxes	$	460	$	465
Deferred contract costs and other		255		227
Debt related costs		4,593		4,682
Goodwill		264		266
Rate case studies		99		57
Deferred costs affiliated interest agreement		1,114		1,114
Deferred acquisition and franchise costs		454		463
	$	7,239	$	7,274