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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: January 17, 2024

 

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, No Par Value MSEX The NASDAQ Stock Market, LLC

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

 

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

 

 

 

 

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Entity Registrant Name MIDDLESEX WATER COMPANY
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Entity Tax Identification Number 22-1114430
Entity Incorporation, State or Country Code NJ
Entity Address, Address Line One 485C Route 1 South
Entity Address, Address Line Two Suite 400
Entity Address, City or Town Iselin
Entity Address, State or Province NJ
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Title of 12(b) Security Common Stock, No Par Value
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