Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - MIDDLESEX WATER CO | form8k-108781_msx.htm |
| EX-99.2 - EXHIBIT 99.2 - MIDDLESEX WATER CO | ex99-2.htm |
MIDDLESEX
WATER COMPANY HOSTS
ANNUAL
MEETING OF SHAREHOLDERS
ISELIN, NJ, (May 26, 2010) “The demand
for quality water and wastewater service seen in 2009 continues in 2010 and
Middlesex Water remains well positioned to capitalize on those opportunities,”
said Dennis W. Doll, President and CEO, at the Company’s Annual Meeting of
Shareholders, held Tuesday, May 25, 2010 at its corporate headquarters.
Middlesex Water Company, (NASDAQ:MSEX), is a provider of water and wastewater
and related services, primarily in New Jersey and Delaware.
In his
remarks to shareholders, Mr. Doll commented on the company’s recent expansion
into Pennsylvania, the growing role of wastewater service in its service
offerings and its commitment to investments in infrastructure and technology to
enhance shareholder value and service delivery.
A. Bruce
O’Connor, Vice President and Chief Financial Officer, reported on the Company’s
most recent financial performance and discussed the impact of the
economy, customer growth and consumption trends in 2009 and the first quarter of
2010. Mr. O’Connor also discussed the capital expenditure and funding
plans for 2010, Middlesex Water’s dividend growth history, rate proceedings
and other factors relevant to financial performance. Management’s
slide presentation at the Annual Meeting of Shareholders may be viewed on the
company’s website at www.middlesexwater.com
in the Investor Relations area under Presentations.
At the
meeting, shareholders of the Company elected Directors Annette Catino, Steven M.
Klein and Walter G. Reinhard, Esq. and ratified the appointment by
the Audit Committee of ParenteBeard LLC as the Company’s independent registered
public accounting firm for the fiscal year ending December 31,
2010.
About Middlesex Water
Company
Middlesex Water Company, organized in
1897, is an investor-owned water utility, serving customers in central and
southern New Jersey and in the State of Delaware. The Company and its
New Jersey subsidiaries – Pinelands Water Company and Pinelands Wastewater
Company—are subject to the regulations of the Board of Public Utilities of the
State of New Jersey. Middlesex Water operates the water and
wastewater utilities for the City of Perth Amboy through its subsidiary, Utility
Service Affiliates (Perth Amboy), Inc. Middlesex Water also provides
contract operations services and a service line maintenance program through its
non-regulated subsidiary, Utility Service Affiliates, Inc. The
Company’s regulated Delaware subsidiaries, Tidewater Utilities, Inc., together
with Southern Shores Water Company, and Tidewater Environmental Services, Inc.
(TESI) are subject to the regulations of the Public Service Commission in
Delaware. TESI provides regulated wastewater utility
services. White Marsh Environmental Systems, Inc. operates small
water and wastewater systems under contract on a non-regulated basis in
Delaware. Twin Lakes Utilities, Inc. provides water services to
residents of Shohola, Pennsylvania and is subject to the regulations of the
Pennsylvania Utility Commission. These companies are also subject to various
Federal, State and regulatory agencies concerning water and wastewater effluent,
quality standards.
For
additional information regarding Middlesex Water Company, visit the Company’s
Web site at www.middlesexwater.com
or call (732) 634-1500.
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
Middlesex
Water Company
1500
Ronson Road
Iselin,
New Jersey 08830
(732)
638-7549
www.middlesexwater.com