UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Item. 8.01. | Other Events |
On January 14, 2022, Middlesex Water Company (NASDAQ:MSEX) completed the sale of its regulated Delaware wastewater utility business to Artesian Wastewater Management, Inc. (Artesian) for $6.4 million in cash and other consideration. Artesian purchased all of the stock of Tidewater Environmental Services, Inc. (TESI), a Middlesex wholly-owned subsidiary, which serves approximately 3,600 retail wastewater customers in Sussex County, Delaware. For 2021, TESI operating revenues and operating income were approximately $2.8 million and $0.2 million, respectively.
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: January 14, 2022
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