REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2025

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:

(in thousands)	Three months ended March 31, 2025		Three months ended March 31, 2024
Tariff Revenue
Consumption charges	$	13,022	$	12,311
Fixed fees		9,266		9,320
Service charges		180		201
DSIC		299		—
Metered wastewater services		187		139
Industrial wastewater services		432		398
Total Tariff Revenue	$	23,386	$	22,369
Non-Tariff Revenue
Service line protection plans	$	1,632	$	1,431
Contract operations		253		267
Design and installation		4		54
Inspection fees		171		76
Total Non-Tariff Revenue	$	2,060	$	1,828
Other Operating Revenue	$	440	$	347
Total Operating Revenue	$	25,886	$	24,544

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)	March 31, 2025		December 31, 2024
Contract Assets – Tariff	$	2,861	$	3,030
Deferred Revenue
Deferred Revenue – Tariff	$	1,324	$	1,385
Deferred Revenue – Non-Tariff		707		714
Total Deferred Revenue	$	2,031	$	2,099