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Business Segment Data
9 Months Ended
Sep. 30, 2011
Business Segment Data 
Business Segment Data
Note 5 – Business Segment Data

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

   
(In Thousands)
  
   
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
Operations by Segments:
  
2011
    
2010
    
2011
    
2010
  
Revenues:
                        
   Regulated
   $ 26,262     $ 27,062     $ 70,935     $ 70,083  
   Non – Regulated
     2,605       2,826       8,220       8,183  
Inter-segment Elimination
     (196 )     (303 )     (386 )     (498 )
Consolidated Revenues
   $ 28,671     $ 29,585     $ 78,769     $ 77,768  
 
Operating Income:
                                
   Regulated
   $ 8,241     $ 9,560     $ 18,893     $ 19,781  
   Non – Regulated
     275       461       1,129       1,423  
Consolidated Operating Income
   $ 8,516     $ 10,021     $ 20,022     $ 21,204  
                                 
Net Income:
                                
   Regulated
   $ 4,630     $ 5,433     $ 10,375     $ 10,799  
   Non – Regulated
     513       303       1,023       921  
Consolidated Net Income
   $ 5,143     $ 5,736     $ 11,398     $ 11,720  
 
Capital Expenditures:
                                
   Regulated
   $ 6,389     $ 6,211     $ 17,245     $ 22,121  
   Non – Regulated
     219       31       402       102  
Total Capital Expenditures
   $ 6,608     $ 6,242     $ 17,647     $ 22,223  
 
 
 
 
Assets:
  
As of
September 30,
2011
    
As of
December 31,
2010
                  
   Regulated
   $ 504,158     $ 486,918                  
   Non – Regulated
     8,775       8,116                  
Inter-segment Elimination
     (5,780 )     (5,849 )                
Consolidated Assets
   $ 507,153     $ 489,185