BUSINESS SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

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  Condensed 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 condensed consolidated amounts as of March 31, 2024 and March 31, 2023.

(in thousands)
	Three Months Ended March 31,
	2024			2023
Revenues:
Regulated Utility	$	22,840		$	20,832
Other (non-utility)		1,763			1,716
Inter-segment elimination		(59	)		(53	)
Condensed Consolidated Revenues	$	24,544		$	22,495
Operating Income:
Regulated Utility	$	4,357		$	3,705
Other (non-utility)		362			355
Condensed Consolidated Operating Income	$	4,719		$	4,060
Income Taxes:
Regulated Utility	$	1,425		$	1,066
Other (non-utility)		256			247
Condensed Consolidated Income Taxes	$	1,681		$	1,313

	March 31, 2024		December 31, 2023
Assets:
Regulated Utility	$	762,084	$	760,339
Other (non-utility)		13,327		6,493
Condensed Consolidated Assets	$	775,411	$	766,832