-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wp0YGEKzthuMQ/4/Yjz+HY0dD76lZSajpMYNfQutfnP+uNOzpEajlvr5YgV/d3Mn npiWotmRg3SpmZDpcaBZZg== 0000914317-07-002577.txt : 20071030 0000914317-07-002577.hdr.sgml : 20071030 20071030113246 ACCESSION NUMBER: 0000914317-07-002577 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071030 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071030 DATE AS OF CHANGE: 20071030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MIDDLESEX WATER CO CENTRAL INDEX KEY: 0000066004 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 221114430 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00422 FILM NUMBER: 071198435 BUSINESS ADDRESS: STREET 1: 1500 RONSON RD STREET 2: P O BOX 1500 CITY: ISELIN STATE: NJ ZIP: 08830 BUSINESS PHONE: 7326341500 MAIL ADDRESS: STREET 1: 1500 RONON ROAD CITY: ISELIN STATE: NJ ZIP: 08830 8-K 1 form8k-87442.htm FORM 8K form8k-87442.htm
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 30, 2007


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.)


1500 RONSON ROAD, P.O. BOX 1500, ISELIN, NEW JERSEY 08830
(Address of principal executive offices, including 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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 

 




Item. 8.01.  Other Events

Announcement that effective October 26, 2007, Middlesex Water Company has received approval from the New Jersey Board of Public Utilities for a 9.1%, or $5.0 million increase in its base rates on an interim basis subject to refund, as set forth in the attached press release.

Section 9 – Financial Statements and Exhibits

Item 9.01 – (d) Exhibits

Press release dated October 30, 2007 announcing that effective October 26, 2007, Middlesex Water Company has received approval from the New Jersey Board of Public Utilities for a 9.1%, or $5.0 million increase in its base rates on an interim basis subject to refund.




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/Kenneth J. Quinn
 
Kenneth J. Quinn
 
Vice President, General Counsel,
 
Secretary and Treasurer


Dated:    October 30, 2007

2

EX-99 2 ex99.htm EXHIBIT 99 ex99.htm

MIDDLESEX WATER  RECEIVES BPU APPROVAL FOR
RATE INCREASE

ISELIN, NJ  (October 30, 2007)   Middlesex Water Company (NASDAQ Global Select Market: MSEX), a provider of water, wastewater and related services, has announced it has received approval from the New Jersey Board of Public Utilities (BPU) for a 9.1%, or $5.0 million overall increase in base water rates on an interim basis. The rate increase, resulting from a settlement among the parties to the proceeding, has been categorized as “interim” until one of the intervening municipal utilities authorities in the matter formally acts on this settlement agreement at their next scheduled public meeting. The rate increase is effective October 26, 2007.
Middlesex Water filed a request for an overall increase of approximately 16.5% or $8.9 million over current revenues in April 2007.  The request is designed to support its ongoing capital program and to cover costs of increases in operations, maintenance, labor and benefits, purchased power, taxes, corporate governance regulation and security.  Under the new interim rates, the average residential bill for a customer using 2,600 cubic feet (19,448 gallons) of water per quarter, would increase from $89.37 to $98.20, an increase of $8.83, or approximately 9.9%.
“We are pleased with this outcome, which was achieved through the cooperation of the various parties, well in advance of our initial estimated effective date.  Providing a safe, plentiful and reliable water supply to the nearly 400,000 people in our combined retail and wholesale customer base requires ongoing and prudent infrastructure investments,” said Dennis W. Doll, President and CEO. “Obtaining timely and adequate recovery of those costs enables us to continue delivering quality for our customers,” he added.
Middlesex Water Company, the largest entity in the Middlesex consolidated group of companies, presently serves retail customers in the Townships of Woodbridge, Edison, the Borough of South Plainfield, Carteret, Metuchen, the City of South Amboy, and the Township of Clark. The Company serves a significant population through wholesale contracts with the Boroughs of Highland Park and Sayreville, the Old Bridge Municipal Utilities Authority (MUA), the Marlboro Township MUA and the Township of East Brunswick.
 
 

 
 
About Middlesex Water Company
Middlesex Water Company, organized in 1897, is a water utility serving customers in central and southern New Jersey and in the State of Delaware. Headquartered in Iselin, NJ, Middlesex Water is subject to various Federal and State regulatory agencies concerning water quality standards.
For additional information regarding Middlesex Water Company, visit the Company’s web site at www.middlesexwater.com or call (732) 634-1500.
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.
 
###
 
Contact: Bernadette Sohler,
Vice President – Corporate Affairs
(732) 634-1500
 

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