BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024 and June 30, 2023.

(in thousands)
	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Revenues:
Regulated Utility	$	25,789		$	23,668		$	48,630		$	44,501
Other (non-utility)		1,685			1,637			3,448			3,353
Inter-segment elimination		(58	)		(54	)		(118	)		(108	)
Consolidated Revenues	$	27,416		$	25,251		$	51,960		$	47,746
Operating Income:
Regulated Utility	$	6,907		$	6,013		$	11,265		$	9,717
Other (non-utility)		291			195			652			552
Consolidated Operating Income	$	7,198		$	6,208		$	11,917		$	10,269
Income Taxes:
Regulated Utility	$	1,725		$	1,303		$	3,151		$	2,370
Other (non-utility)		220			290			476			536
Consolidated Income Taxes	$	1,945		$	1,593		$	3,627		$	2,906

	June 30, 2024		December 31, 2023
Assets:
Regulated Utility	$	773,350	$	760,339
Other (non-utility)		9,781		6,493
Consolidated Assets	$	783,131	$	766,832