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REGULATORY ASSETS (Tables)
3 Months Ended
Mar. 31, 2024
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
3
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, 2024
   
December 31, 2023
 
             
Deferred contract costs and other
 
$
192
   
$
209
 
Rate case studies
   
129
     
136
 
Rate proceedings
   
450
     
385
 
Deferred income taxes
   
439
     
444
 
Debt related costs
   
4,234
     
4,322
 
Deferred costs affiliated interest agreement
   
1,096
     
1,110
 
Goodwill
   
256
     
258
 
Deferred acquisition and franchise costs
   
416
     
425
 
   
$
7,212
   
$
7,289