Middlesex Water Co. 7% Preferred Stock (MSEXP)

Overview

Middlesex Water Company, along with its subsidiaries, specializes in the ownership and operation of regulated water utility and wastewater systems. Established in 1897 and with its headquarters in Iselin, New Jersey, the company serves a critical role in providing essential water services. It operates through two main segments: Regulated and Non-Regulated. The company extends its services predominantly to areas in New Jersey, Delaware, and Pennsylvania, catering to a diverse clientele that includes residential, commercial, industrial, and fire protection customers. Over the years, Middlesex Water Company has built a reputation for ensuring reliable access to clean and safe water, alongside managing wastewater systems efficiently, reflecting its long-standing commitment to public health and environmental stewardship.

Products and Services

Middlesex Water Company offers a range of water-related products and services through its two major operational segments:

• Regulated Segment:

  This segment focuses on the collection, treatment, and distribution of water to various customer groups on both a retail and wholesale basis. Services within this segment are extended to residential, commercial, industrial, and fire protection customers across specific parts of New Jersey, Delaware, and Pennsylvania. Additionally, it encompasses regulated wastewater systems, thereby playing a vital role in public health and safety by ensuring the provision of clean water and the proper treatment of wastewater in New Jersey and Delaware.

• Non-Regulated Segment:

  Under the Non-Regulated segment, Middlesex Water Company offers contract services related to the operation and maintenance of municipal and private water and wastewater systems. These services are crucial for clients who seek expertise in managing their water supply and treatment facilities but do not fall under the umbrella of regulated utility services. The operation and maintenance services are provided in New Jersey and Delaware, showcasing the company’s versatility and adaptability to different market needs and regulatory environments.