BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Utility Plant, at cost	$ 2,227,311	$ 2,082,927
Less — accumulated depreciation	(648,199)	(624,472)
Construction work in progress	304,929	237,131
Net utility plant	2,099,625	1,892,280
Other Property and Investments	50,418	42,932
Property Plant and Equipment and Investments Other and Goodwill Net	50,418	42,932
Current Assets
Cash and cash equivalents	26,661	14,073
Accounts receivable — customers, less allowance for doubtful accounts	37,699	34,250
Unbilled receivable	28,446	23,516
Other accounts receivable, less allowance for doubtful accounts	6,415	6,340
Income taxes receivable	65	52
Materials and supplies	15,140	17,574
Regulatory assets — current	50,504	45,144
Prepayments and other current assets	7,286	5,767
Total current assets	233,346	205,978
Other Assets
Operating lease right-of-use assets	8,028	7,982
Regulatory assets	27,101	25,585
Other	41,264	19,874
Total other assets	116,820	104,932
Total Assets	2,500,209	2,246,122
Capitalization
Common shareholder’s equity	920,051	776,109
Long-term debt	640,382	575,555
Total capitalization	1,560,433	1,351,664
Current Liabilities
Notes payable to banks	124,000	42,000
Long-term debt — current	385	353
Accounts payable	88,591	68,705
Income taxes payable	481	492
Accrued other taxes	16,694	14,654
Accrued employee expenses	15,523	14,738
Accrued interest	8,133	8,607
Operating lease liabilities	2,074	1,856
Other	15,159	11,506
Total current liabilities	285,525	166,623
Other Credits
Note payable to bank, noncurrent	165,000	291,500
Advances for construction	69,856	67,431
Contributions in aid of construction — net	160,306	151,414
Deferred income taxes	180,173	161,577
Regulatory liabilities	22,926	1,222
Unamortized investment tax credits	942	1,011
Accrued pension and other post-retirement benefits	33,816	32,652
Operating lease liabilities	6,394	6,619
Other	14,838	14,409
Total other credits	654,251	727,835
Total liabilities and capitalization	2,500,209	2,246,122
GSWC
Assets
Utility Plant, at cost	2,227,311	2,082,927
Less — accumulated depreciation	(561,256)	(543,135)
Total	1,666,055	1,539,792
Construction work in progress	245,314	195,742
Net utility plant	1,911,369	1,735,534
Other Property and Investments	47,753	40,480
Property Plant and Equipment and Investments Other and Goodwill Net	47,753	40,480
Current Assets
Cash and cash equivalents	11,338	3,195
Accounts receivable — customers, less allowance for doubtful accounts	34,712	31,018
Unbilled receivable	19,417	17,185
Other accounts receivable, less allowance for doubtful accounts	3,122	4,301
Intercompany receivables	120	380
Income taxes receivable	3,253	222
Materials and supplies	7,543	7,380
Regulatory assets — current	41,099	44,007
Prepayments and other current assets	5,880	4,544
Total current assets	126,484	112,232
Other Assets
Operating lease right-of-use assets	7,981	7,796
Regulatory assets	0	2,944
Other	38,394	17,169
Total other assets	46,375	27,909
Total Assets	2,131,981	1,916,155
Capitalization
Common shareholder’s equity	805,833	703,828
Long-term debt	605,547	540,738
Total capitalization	1,411,380	1,244,566
Current Liabilities
Notes payable to banks	124,000	0
Long-term debt — current	385	353
Accounts payable	70,896	55,488
Accrued other taxes	14,285	12,658
Accrued employee expenses	12,271	11,502
Accrued interest	7,438	7,508
Operating lease liabilities	2,036	1,725
Other	14,468	10,715
Total current liabilities	245,779	99,949
Other Credits
Note payable to bank, noncurrent	0	150,000
Advances for construction	69,836	67,411
Contributions in aid of construction — net	160,306	151,414
Deferred income taxes	166,410	147,458
Regulatory liabilities	22,926	1,222
Unamortized investment tax credits	942	1,011
Accrued pension and other post-retirement benefits	33,351	32,309
Operating lease liabilities	6,394	6,568
Other	14,657	14,247
Total other credits	474,822	571,640
Total liabilities and capitalization	$ 2,131,981	$ 1,916,155