Business Segment Data

9 Months Ended

Sep. 30, 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 September 30,						Nine Months Ended September 30,
Operations by Segments:	2012			2011			2012			2011
Revenues:
Regulated	$	29,085		$	26,262		$	74,385		$	70,935
Non – Regulated		3,441			2,605			9,288			8,220
Inter-segment Elimination		(173	)		(196	)		(373	)		(386	)
Consolidated Revenues	$	32,353		$	28,671		$	83,300		$	78,769
Operating Income:
Regulated	$	10,417		$	8,241		$	20,798		$	18,893
Non – Regulated		426			275			1,132			1,129
Consolidated Operating Income	$	10,843		$	8,516		$	21,930		$	20,022
Net Income:
Regulated	$	5,926		$	4,630		$	11,070		$	10,375
Non – Regulated		212			513			600			1,023
Consolidated Net Income	$	6,138		$	5,143		$	11,670		$	11,398
Capital Expenditures:
Regulated	$	5,229		$	6,389		$	17,564		$	17,245
Non – Regulated		83			219			322			402
Total Capital Expenditures	$	5,312		$	6,608		$	17,886		$	17,647

	As of September 30, 2012			As of December 31, 2011
Assets:
Regulated	$	546,879		$	539,947
Non – Regulated		11,321			10,325
Inter-segment Elimination		(10,150	)		(12,736	)
Consolidated Assets	$	548,050		$	537,536