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 21, 2019
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.) |
485C ROUTE 1 SOUTH, SUITE 400, ISELIN NEW JERSEY 08830
(Address of Principal Executive Offices) (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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock | MSEX | NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item. 8.01. Other Events
Middlesex Water Company announces commencement of construction of its $70 million upgrade at its Carl J. Olsen Treatment Plant to include new ozone treatment and various other upgrades as set forth in the attached press release.
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 21, 2019. |
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 | |
| Senior Vice President, Treasurer and | |
| Chief Financial Officer |
Dated: October 21, 2019
Middlesex Water COMPANY BEGINS $70 Million
UPGRADE AT ITS LARGEST WATER TREATMENT PLANT
ISELIN, NJ October 21, 2019 -- Middlesex Water Company (NASDAQ: MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, announced it has begun construction of a new ozone treatment facility and various other upgrades at its Carl J. Olsen Treatment Plant in Edison, New Jersey. Project partners include Northeast Remsco Construction serving as the General Contractor and Jacobs Engineering Group serving as the Consulting Engineer. Construction is commencing and is anticipated to be completed by mid-2021.
Middlesex Water is investing $70 million on various upgrades at the Company’s existing water treatment plant to provide increased resiliency and to replace sodium hypochlorite with ozone as the primary disinfectant in the water treatment process. This will help ensure compliance with increasingly stringent drinking water quality regulations and to mitigate the occurrence of disinfection by-products which can form in parts of the distribution system when chlorine is used. Ozone disinfects pathogenic organisms found in water more effectively than chlorine and is currently the most widely used water disinfection method used in the world. In addition to inactivating pathogens in raw water, it also helps to improve taste, odor and is more effective in addressing new chemicals of emerging concern. Ozone water treatment, which is formed by using oxygen and electricity, adds no chemicals to the water as it degrades back to oxygen very quickly. In addition to more effective water treatment, the ozone plant will reduce the use of chemicals currently being used to address taste and odor and disinfection by-products.
The Company will also be upgrading its emergency electric generation back up system to help ensure continued service in the event of power loss.
“We’re excited to begin implementing this technology at our largest treatment plant to further protect the health and safety of our customers,” said Dennis Doll, Chairman, CEO and President of Middlesex Water. “Through this installation and enhanced emergency power generation, among other improvements at the plant, we’re staying ahead of new and changing regulations, improving water quality, hardening our facilities against weather events and providing a safer work environment for our employees,” added Doll.
The CJO Water Treatment plant treats an average of 30 million gallons a day providing water to nearly half a million residents in eastern Middlesex and Monmouth counties in New Jersey.
The plant upgrade is another initiative under the Company’s Water for Tomorrow® capital campaign which includes over $295 million in drinking water infrastructure investments through 2021 to meet the needs of current and future generations of water users.
More information about the project can be found at www.waterfortomorrowmwc.com
About Middlesex Water
Organized in 1897, Middlesex Water provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various subsidiary companies.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.
Media Contact:
Bernadette M. Sohler, Corporate Affairs
Middlesex Water Company
(732) 638-7549
www.middlesexwater.com