BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Utility Plant, at cost	$ 2,006,468	$ 1,898,817
Less — accumulated depreciation	(606,231)	(594,264)
Construction work in progress	181,648	167,915
Net utility plant	1,753,766	1,626,004
Other Property and Investments	36,907	40,806
Total other property and investments	38,023	41,922
Current Assets
Cash and cash equivalents	5,997	4,963
Accounts receivable — customers, less allowance for doubtful accounts	26,206	34,416
Unbilled revenue — receivable	20,663	27,147
Other accounts receivable, less allowance for doubtful accounts	4,215	6,510
Income taxes receivable	3,901	236
Materials and supplies	14,623	12,163
Regulatory assets — current	14,028	8,897
Prepayments and other current assets	5,450	5,317
Total current assets	151,294	138,052
Other Assets
Operating lease right-of-use assets	9,535	10,479
Regulatory assets	5,694	3,182
Other	13,532	16,230
Total other assets	91,291	95,005
Total Assets	2,034,374	1,900,983
Capitalization
Common shareholder’s equity	709,549	685,947
Long-term debt	446,547	412,176
Total capitalization	1,156,096	1,098,123
Current Liabilities
Long-term debt — current	399	377
Accounts payable	84,849	65,902
Income taxes payable to Parent	1,848	4,662
Accrued other taxes	16,257	17,137
Accrued employee expenses	13,996	16,256
Accrued interest	5,308	4,545
Operating lease liabilities	1,892	2,044
Other	10,996	11,498
Total current liabilities	396,522	155,574
Other Credits
Advances for construction	64,351	66,727
Contributions in aid of construction — net	147,918	147,482
Deferred income taxes	149,677	140,290
Regulatory liabilities	40,602	32,979
Unamortized investment tax credits	1,082	1,153
Accrued pension and other post-retirement benefits	33,636	61,365
Operating lease liabilities	8,090	8,920
Other	14,400	13,870
Total other credits	481,756	647,286
Liabilities and Equity, Total	2,034,374	1,900,983
GSWC
Assets
Utility Plant, at cost	2,006,468	1,898,817
Less — accumulated depreciation	(530,925)	(522,672)
Total	1,475,543	1,376,145
Construction work in progress	141,175	123,600
Net utility plant	1,616,718	1,499,745
Other Property and Investments	34,655	38,659
Total other property and investments	34,655	38,659
Current Assets
Cash and cash equivalents	370	525
Accounts receivable — customers, less allowance for doubtful accounts	23,107	31,870
Unbilled revenue — receivable	15,006	20,525
Other accounts receivable, less allowance for doubtful accounts	2,721	3,791
Intercompany receivable	621	0
Income taxes receivable	1,692	0
Materials and supplies	6,120	5,384
Regulatory assets — current	14,028	8,897
Prepayments and other current assets	4,464	4,223
Total current assets	68,129	75,215
Other Assets
Operating lease right-of-use assets	9,208	10,439
Other	12,598	14,424
Total other assets	21,806	24,863
Total Assets	1,741,308	1,638,482
Capitalization
Common shareholder’s equity	643,906	615,686
Long-term debt	411,748	412,176
Total capitalization	1,055,654	1,027,862
Current Liabilities
Long-term debt — current	399	377
Accounts payable	65,944	50,627
Income taxes payable to Parent	0	2,972
Accrued other taxes	14,501	14,960
Accrued employee expenses	11,233	12,867
Accrued interest	4,364	4,210
Operating lease liabilities	1,788	2,029
Other	10,152	10,505
Total current liabilities	108,381	98,547
Other Credits
Intercompany note payable	129,000	49,280
Advances for construction	64,331	66,707
Contributions in aid of construction — net	147,918	145,848
Deferred income taxes	138,788	132,314
Regulatory liabilities	40,602	32,979
Unamortized investment tax credits	1,082	1,153
Accrued pension and other post-retirement benefits	33,421	61,170
Operating lease liabilities	7,878	8,891
Other	14,253	13,731
Total other credits	577,273	512,073
Liabilities and Equity, Total	$ 1,741,308	$ 1,638,482