REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2024

REVENUE RECOGNITION [Abstract]

Disaggregation of Revenues

The following table shows the Company’s revenues disaggregated by service type; all revenues are generated within a similar geographical location:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Tariff Revenue
Consumption charges	$	16,747	$	13,681	$	44,232	$	37,064
Fixed fees		9,156		8,299		27,578		24,365
Service charges		186		169		565		523
DSIC		67		1,403		67		3,922
Metered wastewater services		253		183		598		435
Industrial wastewater services		467		537		1,390		1,384
Total Tariff Revenue	$	26,876	$	24,272	$	74,430	$	67,693
Non-Tariff Revenue
Service line protection plans	$	1,468	$	1,441	$	4,323	$	4,176
Contract operations		255		272		760		793
Design and installation		2		28		61		150
Inspection fees		120		138		331		325
Total Non-Tariff Revenue	$	1,845	$	1,879	$	5,475	$	5,444
Other Operating Revenue	$	421	$	419	$	1,197	$	1,180
Total Operating Revenue	$	29,142	$	26,570	$	81,102	$	74,317

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)	September 30, 2024		December 31, 2023
Contract Assets – Tariff	$	3,446	$	3,043
Deferred Revenue
Deferred Revenue – Tariff	$	1,395	$	1,300
Deferred Revenue – Non-Tariff		587		539
Total Deferred Revenue	$	1,982	$	1,839