REGULATORY ASSETS (Tables)

3 Months Ended

Mar. 31, 2025

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
Debt related costs	15 to 30 (based on term of related debt)
Deferred costs affiliated interest agreement	20
Goodwill (Mountain Hill Water Company acquisition in 2008)	50
Deferred acquisition and franchise costs - Maryland	20 – 80
Deferred acquisition costs - Delaware	20
Deferred acquisition adjustments - Delaware	36 – 62
Unrecovered reserve for depreciation (general plant assets)	5

Regulatory Assets, Net of Amortization, Comprise

Regulatory assets, net of amortization, comprise:
	(in thousands)
	March 31, 2025		December 31, 2024
Deferred contract costs and other	$	307	$	271
Rate case studies		132		141
Delaware rate proceedings		430		474
Deferred income taxes		418		423
Debt related costs		3,881		3,969
Deferred costs affiliated interest agreement		1,040		1,054
Goodwill		249		251
Deferred acquisition and franchise costs – Maryland		379		389
Deferred acquisition costs – Delaware		228		231
Deferred acquisition adjustments – Delaware		3,341		3,359
Unrecovered reserve for depreciation		3,651		3,866
	$	14,056	$	14,428