form8k-88448_msex.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date
of
Report: December 19, 2007
MIDDLESEX
WATER COMPANY
(Exact
name of registrant as specified in its charter)
NEW
JERSEY
|
0-422
|
22-1114430
|
(State
or other jurisdiction of
|
(Commission
|
(I.R.S.
Employer
|
incorporation
or organization)
|
File
Number)
|
Identification
No.)
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1500
RONSON ROAD, P.O. BOX 1500, ISELIN, NEW JERSEY 08830
(Address
of principal executive offices, including zip code)
(732)-634-1500
(Registrant’s
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item.
8.01. Other Events
Middlesex
Water Company has
announced that Tidewater Utilities, Inc., the company’s wholly-owned subsidiary
in Delaware, has entered into an agreement to provide water service to the
residents of the Town of Ocean View, Delaware, beginning in the first quarter
of
2008, as set forth in the attached press release.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf of the undersigned hereunto
duly authorized.
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MIDDLESEX
WATER COMPANY
|
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(Registrant)
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|
|
|
|
|
|
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|
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s/Kenneth
J. Quinn
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|
Kenneth
J. Quinn
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Vice
President, General Counsel,
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Secretary
and Treasurer
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|
|
Dated: December
19, 2007
2
MIDDLESEX
WATER ANNOUNCES NEW WATER AND WASTEWATER
AGREEMENTS
IN DELAWARE
ISELIN,
NJ,(December 18, 2007) Middlesex
Water Company (NASDAQ Global Select Market: MSEX), has
announced that Tidewater Utilities, Inc., the company’s wholly-owned subsidiary
in Delaware, has entered into an agreement to provide water service to the
residents of the Town of Ocean View, Delaware, beginning in the first quarter
of
2008.
In
addition to providing service to the Town’s 670 residential and commercial
service connections, Tidewater has also contracted with the Town to provide
all
billing, meter reading and water service maintenance functions. To
assist the Town of Ocean View in its desire to retain ownership of their
newly-constructed distribution system, Tidewater transferred ownership of a
franchise encompassing a portion of the community for $0.4 million. Tidewater
is
also serving as the source of water supply to the Town of Ocean View. The
agreement further demonstrates Tidewater’s commitment to provide practical and
cost-effective solutions to meet the needs of municipal and commercial
clients.
Tidewater
has also recently completed construction, and has begun operation of a
wastewater treatment plant serving the residential community of Country Grove
in
Sussex County, DE. Tidewater is now providing service to 28 homes in the
community and will serve nearly 200 wastewater customers as well as 200 water
customers upon build-out of the additional homes planned in that community.
Country Grove residents will be served by a new water plant being built by
Tidewater.
“We
are pleased we were able to develop a solution for the Town of Ocean View that
met the Town’s objectives in retaining ownership of their utility
infrastructure, while allowing our company the opportunity to provide the
residents with high quality water service,” said Dennis W. Doll, Middlesex Water
President & CEO. “It is also very encouraging that in spite of the
recent decline in housing starts on a national level, we continue to see
reasonably strong interest for both water and wastewater services from
developers and municipalities in the Mid-Atlantic States where we are
concentrating our growth efforts,” added Doll.
About
Middlesex Water Company
Middlesex
Water Company, organized in
1897, provides regulated and unregulated water and wastewater utility services
in New Jersey and Delaware through various subsidiary companies. For additional
information regarding Middlesex Water Company, visit the Company’s Web site at
www.middlesexwater.com or call (732) 634-1500. For information
about Tidewater Utilities, Inc., visit www.tuiwater.com
This
release contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, among
others, our long-term strategy and expectations, the status of our
acquisition program, the impact of our acquisitions, the impact of current
and
projected rate requests and the impact of our capital program on our
environmental compliance. There are important factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements including: general economic business conditions,
unfavorable weather conditions, the success of certain
cost containment initiatives, changes in regulations or regulatory
treatment, availability and the cost of capital, the success of growth
initiatives and other factors discussed in our filings with the Securities
and
Exchange Commission.
Contact:
Bernadette
Sohler, Vice President – Corporate Affairs (732) 634-1500 Ext. 281
Middlesex
Water Company, 1500 Ronson Road, Iselin, New
Jersey 08830
www.middlesexwater.com