Business Segment Data

3 Months Ended

Mar. 31, 2012

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 March 31,
Operations by Segments:	2012			2011
Revenues:
Regulated	$	20,858		$	21,236
Non – Regulated		2,758			2,841
Inter-segment Elimination		(70	)		(81	)
Consolidated Revenues	$	23,546		$	23,996
Operating Income:
Regulated	$	3,503		$	4,335
Non – Regulated		374			433
Consolidated Operating Income	$	3,877		$	4,768
Net Income:
Regulated	$	1,587		$	2,373
Non – Regulated		220			257
Consolidated Net Income	$	1,807		$	2,630
Capital Expenditures:
Regulated	$	6,039		$	4,832
Non – Regulated		394			56
Total Capital Expenditures	$	6,433		$	4,888

	As of March 31, 2012			As of December 31, 2011
Assets:
Regulated	$	536,138		$	539,947
Non – Regulated		10,201			10,325
Inter-segment Elimination		(10,206	)		(12,736	)
Consolidated Assets	$	536,133		$	537,536