REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2024

REVENUE RECOGNITION [Abstract]

Disaggregation of Revenues

The following table shows the Company’s revenues disaggregated by service type; all revenues are generated within a similar geographical location:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023
Tariff Revenue
Consumption charges	$	15,176	$	12,936	$	27,486	$	23,383
Fixed fees		9,102		8,028		18,422		16,066
Service charges		178		174		380		354
DSIC		—		1,340		—		2,519
Metered wastewater services		205		146		344		251
Industrial wastewater services		524		402		923		848
Total Tariff Revenue	$	25,185	$	23,026	$	47,555	$	43,421
Non-Tariff Revenue
Service line protection plans	$	1,424	$	1,372	$	2,854	$	2,735
Contract operations		238		276		505		521
Design and installation		5		16		59		121
Inspection fees		136		109		212		187
Total Non-Tariff Revenue	$	1,803	$	1,773	$	3,630	$	3,564
Other Operating Revenue	$	428	$	452	$	775	$	761
Total Operating Revenue	$	27,416	$	25,251	$	51,960	$	47,746

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)	June 30, 2024		December 31, 2023
Contract Assets – Tariff	$	3,442	$	3,043
Deferred Revenue
Deferred Revenue – Tariff	$	1,744	$	1,300
Deferred Revenue – Non-Tariff		873		539
Total Deferred Revenue	$	2,617	$	1,839