UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item. 1.01. Entry into a Material Definitive Agreement
On August 29, 2023, Middlesex Water Company (the Company) entered into a Settlement Agreement (Agreement) regarding its previously reported litigation with the 3M Company. The terms of the Agreement are confidential at this time. As a utility regulated by the New Jersey Board of Public Utilities, it is the Company’s intent that any financial benefit which may result from this Agreement will ultimately inure to the benefit of the Company’s customers in the form of mitigating future customer rates for service and therefore, is not expected to have a material effect on the Company’s net assets or results of operations.
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 | |
Sr. Vice President, Treasurer and | |
Chief Financial Officer |
Dated: September 1, 2023