BUSINESS SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

BUSINESS SEGMENT INFORMATION [Abstract]

Segment Reporting Information, by Segment

The accounting policies of the operating segments are the same as those described in Note 2 – Basis of Presentation.  The Regulated Utility segment includes inter-segment costs related to leased office space provided by one non-utility business, calculated on the lower of cost or market method, which are eliminated to reconcile to the Consolidated Statements of Operations.  The Regulated Utility segment also allocates certain corporate costs to the non-utility businesses.  The measurement of depreciation, interest, and capital expenditures are predominately related to our Regulated Utility segment.  These amounts in our non-utility business are negligible and account for approximately less than 1% of consolidated amounts as of March 31, 2023 and March 31, 2022.

(in thousands)
	Three Months Ended March 31,
	2023			2022
Revenues:
Regulated Utility	$	20,832			20,668
Other (non-utility)		1,716			1,552
Inter-segment elimination		(53	)		(33	)
Consolidated Revenues	$	22,495			22,187
Operating Income:
Regulated Utility	$	3,705			4,338
Other (non-utility)		355			405
Consolidated Operating Income	$	4,060			4,743
Income Taxes:
Regulated Utility	$	1,066			1,243
Other (non-utility)		247			176
Consolidated Income Taxes	$	1,313			1,419

	March 31, 2023		December 31, 2022
Assets:
Regulated Utility	$	721,564	$	713,113
Other (non-utility)		4,222		6,678
Consolidated Assets	$	725,786	$	719,791