UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report: September 10, 2009
MIDDLESEX WATER COMPANY
(Exact name of registrant as specified in its charter)
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NEW JERSEY |
0-422 |
22-1114430 | ||
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(State or other jurisdiction of |
(Commission |
(I.R.S. Employer | ||
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incorporation or organization) |
File Number) |
Identification No.) |
1500 RONSON ROAD, P.O. BOX 1500, ISELIN, NEW JERSEY 08830
(Address of principal executive offices, including zip code)
(732)-634-1500
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item. 8.01. Other Events
Announcement of Final Decision from the Delaware Public Service Commission on Rate Increase filed by Tidewater Utilities, Inc., a subsidiary of Middlesex Water Company, as set forth in the attached press release.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned hereunto duly authorized.
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MIDDLESEX WATER COMPANY | |
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(Registrant) | |
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s/Kenneth J. Quinn | |
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Kenneth J. Quinn | |
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Vice President, General Counsel, | |
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Secretary and Treasurer | |
Dated: September 10, 2009
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PSC Approves Tidewater Utilities Rate Settlement
ISELIN, NJ – 09/10/09 -- Middlesex Water Company (NASDAQ: MSEX), a provider of water, wastewater and related services, announced that the Delaware Public Service Commission (PSC) has approved an overall increase of 14.95% in the base water rates of its wholly-owned subsidiary, Tidewater Utilities, Inc. The increase resulted
from a settled agreement with the Staff of the PSC and the Delaware Department of the Public Advocate. In an application filed with the PSC in January 2009, Tidewater sought an increase in base rates to reflect increased costs of operations, maintenance and taxes as well as capital improvements of approximately $26.7 million made since the Company’s last rate filing in April 2006.
Under PSC regulations, Tidewater had implemented a 12.79% interim increase on March 26, 2009. The remaining 2.16% increase became effective September 9, 2009. Under interim base rates, the typical Tidewater residential customer with a 5/8" water meter and water consumption of 15,000 gallons is billed $146.06 per quarter. Under
the final base rate increase, that bill would increase to $149.27.
Tidewater Utilities, Inc. provides water services to approximately 35,500 retail customers for domestic, commercial and fire protection purposes in over 300 separate community water systems in New Castle, Kent and Sussex Counties, Delaware. For more information on Tidewater Utilities, Inc., visit the company's website at www.tuiwater.com.
For more information on its parent company, Middlesex Water Company, visit www.middlesexwater.com
Contact:
Gerard L. Esposito, President
Tidewater Utilities, Inc.
800-523-7224
Bernadette Sohler
Vice President - Corporate Affairs
Middlesex Water Company
(732) 638-7549