Business Segment Data (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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.

	(Thousands of Dollars)
	Years Ended December 31,
Operations by Segments:	2020			2019			2018
Revenues:
Regulated	$	129,851		$	123,078		$	121,901
Non – Regulated		12,545			12,177			16,778
Inter-segment Elimination		(804	)		(657	)		(602	)
Consolidated Revenues	$	141,592		$	134,598		$	138,077
Operating Income:
Regulated	$	34,043		$	31,805		$	34,127
Non – Regulated		3,377			3,715			3,015
Consolidated Operating Income	$	37,420		$	35,520		$	37,142
Depreciation:
Regulated	$	18,264		$	16,481		$	14,846
Non – Regulated		208			235			191
Consolidated Depreciation	$	18,472		$	16,716		$	15,037
Other Income (Expense), Net:
Regulated	$	4,605		$	3,018		$	3,284
Non – Regulated		130			(253	)		119
Inter-segment Elimination		(356	)		(273	)		(411	)
Consolidated Other Income (Expense), Net	$	4,379		$	2,492		$	2,992
Interest Charges:
Regulated	$	7,780		$	7,456		$	7,060
Non – Regulated		70			81			109
Inter-segment Elimination		(357	)		(273	)		(411	)
Consolidated Interest Charges	$	7,493		$	7,264		$	6,758
Income Taxes:
Regulated	$	(5,139	)	$	(4,317	)	$	(54	)
Non – Regulated		1,020			1,177			978
Consolidated Income Taxes	$	(4,119	)	$	(3,140	)	$	924
Net Income:
Regulated	$	35,951		$	31,602		$	30,405
Non – Regulated		2,474			2,286			2,047
Consolidated Net Income	$	38,425		$	33,888		$	32,452
Capital Expenditures:
Regulated	$	105,091		$	88,858		$	71,493
Non – Regulated		528			267			601
Total Capital Expenditures	$	105,619		$	89,125		$	72,094

66

	(Thousands of Dollars)
	As of			As of
	December 31, 2020			December 31, 2019
Assets:
Regulated	$	998,932		$	910,081
Non – Regulated		8,289			9,686
Inter-segment Elimination		(30,751	)		(9,889	)
Consolidated Assets	$	976,470		$	909,878