XML 63 R46.htm IDEA: XBRL DOCUMENT v3.20.4
Capitalization (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Nov. 30, 2020
Nov. 30, 2019
May 31, 2019
Feb. 28, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Aug. 31, 2019
Apr. 30, 2019
Sep. 30, 2018
Aug. 31, 2018
Mar. 31, 2018
Schedule of Capitalization [Line Items]                        
Issuance of Common Stock   $ 43,700                    
Public offering, price per share   $ 60.50                    
Issuance of Common Stock in a public offering, shares   800,000                    
Issuance of shares under the DRP         $ 1,230 $ 12,738 $ 1,150          
Additional Shares Authorized By SEC To Be Issued         400,000              
Preferred Stock, Shares Authorized         120,000 120,000            
Preferred Stock, Shares Outstanding         20,000 20,000            
Convertible preferred stock converted, value           $ 350            
Amount drawn         $ 50,316 78,967 22,076          
Long-term debt         277,241 234,397            
Deobligated principal payments         258 130          
Other long term debt         129,600 83,000            
Customer advances         $ 23,404 $ 23,905            
Delaware State Revolving Fund [Member]                        
Schedule of Capitalization [Line Items]                        
Maximum borrowing amount                       $ 900
All Long-term Debt [Member]                        
Schedule of Capitalization [Line Items]                        
Weighted average interest rate         3.02% 3.17%            
First Mortgage Bonds - Series 2019A [Member]                        
Schedule of Capitalization [Line Items]                        
Long-term debt         $ 32,500 $ 32,500            
Interest rate         4.00%              
Maturity date         Aug. 01, 2059              
First Mortgage Bonds - Series 2020A [Member]                        
Schedule of Capitalization [Line Items]                        
Long-term debt         $ 40,000            
Interest rate         2.90%              
Maturity date         Nov. 18, 2050              
First Mortgage Bonds - Series 2019B [Member]                        
Schedule of Capitalization [Line Items]                        
Long-term debt         $ 21,200 $ 21,200            
Interest rate         5.00%              
Maturity date         Aug. 01, 2059              
Convertible Preferred Stock $7.00 Series [Member]                        
Schedule of Capitalization [Line Items]                        
Percentage of stock that may be redeemed in a given calander year         10.00%              
Outside Director Stock Compensation Plan [Member]                        
Schedule of Capitalization [Line Items]                        
Common stock granted and issued under plan         4,074 3,521 4,004          
Maximum number of shares authorized for grant         100,000              
Preferred Stock, Shares Authorized         120,000              
Preferred Stock, Shares Outstanding           31,000            
New Jersey Infrastructure Bank [Member]                        
Schedule of Capitalization [Line Items]                        
Maximum borrowing capacity, construction loan                   $ 8,700 $ 43,500  
Percentage of principal with stated interest rate         75.00%              
Percentage of principal with market interest rate         25.00%              
Long-term debt         $ 89,100              
Interest rate         0.00%              
Construction Loan [Member]                        
Schedule of Capitalization [Line Items]                        
Interest rate         0.00%              
New Jersey Board of Public Utilities (NJBPU) [Member]                        
Schedule of Capitalization [Line Items]                        
Proceeds from issuance of first mortgage bond         $ 100,000              
Maturity date         Dec. 31, 2023              
New Jersey Economic Development Authority [Member]                        
Schedule of Capitalization [Line Items]                        
Proceeds from issuance of first mortgage bond       $ 140,000                
Maturity date       Dec. 31, 2022                
New Jersey Infrastructure Bank [Member]                        
Schedule of Capitalization [Line Items]                        
Amount drawn         $ 41,900              
First Mortgage Bonds [Member]                        
Schedule of Capitalization [Line Items]                        
Maximum borrowing capacity, construction loan         60,800     $ 53,700        
Amount drawn         55,100              
Amount of drawn expected remaining         5,700              
New Jersey Economic Development Authority [Member]                        
Schedule of Capitalization [Line Items]                        
Long-term debt         109,100              
Delaware State Revolving Fund [Member]                        
Schedule of Capitalization [Line Items]                        
Maximum borrowing amount             $ 10,000          
Maximum borrowing capacity, construction loan                 $ 1,700      
Long-term debt         8,400              
Private placement loan [Member]                        
Schedule of Capitalization [Line Items]                        
Interest rate 2.90%                      
Maturity date Nov. 30, 2050                      
Repayment of loan $ 40,000                      
Amortizing Secured Notes [Member]                        
Schedule of Capitalization [Line Items]                        
Long-term debt         30,600              
Series 2018A [Member]                        
Schedule of Capitalization [Line Items]                        
Proceeds from issuance of first mortgage bond     $ 7,100                  
Dividend Reinvestment and Common Stock Purchase Plan [Member]                        
Schedule of Capitalization [Line Items]                        
Issuance of Common Stock         $ 1,200 $ 12,700            
Dividend Reinvestment & Common Stock Purchase Plan, cumulative shares           200,000