UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item. 8.01 Other Events
On January 10, 2024, Middlesex Water Company (“Middlesex” or “the Company”) submitted written notice to the New Jersey Board of Public Utilities (“BPU”) of the Company’s plan to implement provisional rates for water service effective February 15, 2024, while the BPU reviews the Company’s rate change filing. In May 2023, Middlesex filed a petition with the BPU seeking permission to increase annual base water revenues by approximately $34 million. The provisional rates will increase customer charges by approximately 16.22%. This results in an overall rate increase of approximately $17.7 million.
The provisional rates are temporary and will remain in effect until such time as the BPU renders its final decision on the Company’s case cited above and currently pending at the New Jersey Office of Administrative Law. At the conclusion of the Company’s case, should the approved rates be lower than the provisional rates, the Company will refund, with interest, any amount billed in excess of the approved rates.
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: January 17, 2024