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: October 1, 2014
MIDDLESEX WATER COMPANY
(Exact name of registrant as specified in its charter)
| NEW JERSEY | 0-422 | 22-1114430 |
| (State or other jurisdiction of | (Commission | (I.R.S. Employer |
| 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.
Effective October 1, 2014, Middlesex Water Company announced it has begun the full operation and ownership of the water production and distribution system of Dover Air Force Base in Dover, DE through its subsidiary, Tidewater Utilities, Inc. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Form 8-K by reference.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
| Exhibit | |
| Number | Description of Document |
| 99.1 | Press Release issued by Middlesex Water Company, dated October 1, 2014, announcing its DE subsidiary, Tidewater Utilities, has assumed ownership and operation of the water assets of Dover Air Force Base, effective October 1, 2014, under a privatization agreement with the U.S. Department of Defense. |
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.
| MIDDLESEX WATER COMPANY | |
| (Registrant) | |
| s/A. Bruce O’Connor | |
| A. Bruce O’Connor | |
| Vice President, Treasurer and | |
| Chief Financial Officer |
Dated: October 1, 2014
MIDDLESEX WATER SUBSIDIARY ASSUMES
OWNERSHIP OF
WATER SYSTEM AT DOVER AIR FORCE BASE
Tidewater Utilities Begins Operation of DAFB Water System
ISELIN, NJ – 10/1/14 -- Middlesex Water Company (NASDAQ: MSEX), a provider of water, wastewater and related services, has announced that its Delaware subsidiary, Tidewater Utilities, Inc., (Tidewater) begins full operation and ownership of the water production and distribution system of Dover Air Force Base (DAFB) in Dover, DE, today. Tidewater entered into an agreement with the U.S. Department of Defense for the privatization of the system in September 2013 following a U.S. Air Force water privatization study and an extensive competitive bid process. The DAFB water system was formally conveyed to Tidewater as the system owner recently following a joint inventory of assets.
Tidewater will provide DAFB with potable water service under a 50-year agreement and will own and maintain all DAFB water utility assets and make all necessary capital improvements to provide continued reliable utility service to DAFB.
“The commencement of the privatization agreement with DAFB, a premier U.S. military facility, marks a turning point for our Company and signals our capability to be a viable and competitive contender for military base water system privatizations across the country,” said Dennis W. Doll, Middlesex Water President and CEO. “DAFB executes hundreds of missions throughout the world and provides 25 percent of the Nation’s strategic airlift capability. We are humbled to play a small role in supporting DAFB in its mission,” added Doll.
Tidewater has worked closely with DAFB and the 436th Civil Engineer Squadron personnel at DAFB to seamlessly transition system operations so that Base consumers are afforded continued quality reliable service. “We look forward to managing the water production and distribution system of DAFB, a neighbor to Tidewater in Dover and to providing quality service to the base’s military personnel and civilian employees,” said Gerard L. Esposito, Tidewater Utilities President.
Tidewater Utilities, established in 1964, is the largest private water supplier south of the Chesapeake & Delaware Canal in Delaware. For more information about Tidewater, visit www.tuiwater.com.
Middlesex Water, Tidewater’s parent company, organized in 1897, provides regulated and unregulated water and wastewater utility services in New Jersey, Delaware and Pennsylvania through various subsidiary companies. For additional information regarding Middlesex Water Company, visit www.middlesexwater.com.
####
Media Contact:
Bernadette Sohler, Vice President - Corporate Affairs
Middlesex Water Company, (732) 638-7549
Gerard L. Esposito, President
Tidewater Utilities Inc. (302) 747-1314