BNET Industries

Market Cap:$181.4M
Last Fiscal Year Sales:$91.0M
  • Public
  • US
Dow Jones Description

Middlesex Water Company ("Middlesex") was incorporated as a water utility company in 1897 and owns and operates regulated water utility and wastewater systems in New Jersey and Delaware. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. The terms "the Company," "we," "our," and "us" refer to Middlesex Water Company and its subsidiaries, including Tidewater Utilities, Inc. (Tidewater) and Tidewater's wholly-owned subsidiaries, Southern Shores Water Company, LLC (Southern Shores) and White Marsh Environmental Systems, Inc. (White Marsh). The Company's other subsidiaries are Pinelands Water Company (Pinelands Water) and Pinelands Wastewater Company (Pinelands Wastewater) (collectively, Pinelands), Utility Service Affiliates, Inc. (USA), Utility Service Affiliates (Perth Amboy) Inc., (USA-PA) and Tidewater Environmental Services, Inc. (TESI).

President and Chief Executive OfficerDennis W. Doll
Number of Employees 287
Contact Information

1500 Ronson Rd

Iselin, New Jersey 08830-3049

www.middlesexwa...

(732) 634-1500

NAICS Code Water Supply and Irrigation Systems: 221310

Recent Events

  • Middlesex Water Co Q1 profit decreases - Quick Facts

    5/11/09 - Financial Announcement - View Story

  • Middlesex Water Company Partners With EPA's WaterSenseR Program

    4/20/09 - Joint Venture / Alliance - View Story

  • Middlesex Water Company Reports 2008 Financial Results

    3/12/09 - Financial Announcement - View Story

  • Middlesex Water Company: Middlesex Water Company Reports 2008 Financial Results

    3/12/09 - Stock Split / Dividend - View Story

News & Analysis

Filter by

middlesex water co. - All News and Analysis

  • Middlesex Water Company Receives Approval to Implement Purchased Water Adjustment Clause

    - 2009-06-18

    Middlesex Water Company (NASDAQ: MSEX) hasreceived approval to implement a Purchased Water Adjustment Clause PWAC,effective July 1, 2009. The PWAC is a pass-through charge, which enablesthe company to recover the increased unit cost of raw or finished waterpurchased from external sources. Middlesex Water filed an application with the New...

  • Middlesex Water Company Wins "Green Education" Honors in 2009 NJBIZ Green Leadership Awards

    - 2009-06-08

    Middlesex Water Company (NASDAQ: MSEX), aprovider of water, wastewater and related services in New Jersey andDelaware, has been selected the winner of a 2009 NJBIZ Green LeadershipAward in the category of "Green Education." The NJBIZ Green LeadershipAwards honor and highlight New Jersey's businesses and executives for theirenvironmental achievements and initiatives....

  • Middlesex Water Company Hosts Annual Meeting of Shareholders

    - 2009-05-21

    "New markets, more wastewater opportunities, andinvestments in infrastructure and technology projects are the catalystsdriving shareholder value beyond 2009," said Dennis W. Doll, President andCEO, at the Company's Annual Meeting of Shareholders, held Wednesday, May20, 2009 at its corporate headquarters. Middlesex Water Company, (NASDAQ: MSEX), is a provider of water and...

  • Middlesex Water Company Announces First Quarter Results

    - 2009-05-11

    Middlesex Water Company (NASDAQ: MSEX), aprovider of water and wastewater and related services in New Jersey andDelaware, today announced operating revenues for the quarter ended March31, 2009 of $20.6 million, compared to $20.9 million in 2008. First Quarter Operating Results Revenues in the company's Middlesex system in New Jersey decreased...

  • Middlesex Water Company Named Finalist in 2009 NJBIZ Green Leadership Awards

    - 2009-04-27

    Middlesex Water Company (NASDAQ: MSEX), aprovider of water, wastewater and related services in New Jersey andDelaware, has been named a finalist in the Green Education category in theinaugural NJBIZ Green Leadership Awards program. All finalists will berecognized and the winners in each category announced at an awards ceremonyon June 2,...

  • Middlesex Water Company Partners With EPA's WaterSense(R) Program

    - 2009-04-20

    Middlesex Water Company (NASDAQ: MSEX) aprovider of water, wastewater and related services in New Jersey andDelaware, today announced it has teamed with the U.S. EnvironmentalProtection Agency's EPA WaterSense® Program to help consumers savewater for future generations and reduce costs on their utility bills. WaterSense aims to decrease indoor and outdoor...

  • Middlesex Water Company Reports 2008 Financial Results

    - 2009-03-12

    Middlesex Water Company (NASDAQ: MSEX) aprovider of water, wastewater and related services in New Jersey andDelaware, today announced operating revenue of $91.0 million for the yearended December 31, 2008, compared to operating revenue of $86.1 million in2007. Net income for the year ended December 31, 2008 was $12.2 million, upfrom...

  • New Tidewater Wastewater Treatment Facility Benefits Residents, County Government and the Environment

    - 2009-01-23

    Middlesex Water Company (NASDAQ: MSEX), aprovider of water and wastewater services in New Jersey and Delaware, todayannounced that its Delaware subsidiary, Tidewater Environmental Services,Inc., has placed into service a new advanced wastewater treatment facilitythat is quickly addressing immediate and long-term needs in Sussex County,DE. For several years, the residents of...

  • Middlesex Water Company Subsidiary Receives County Zoning Approval to Construct Regional Treatment Facilities in DE

    - 2009-01-06

    Middlesex Water Company (NASDAQ: MSEX) hasannounced that its DE subsidiary, Tidewater, has received key County zoningapprovals in its plans to move forward with construction of two regionalwastewater treatment and disposal facilities in Sussex County, DE. Tidewater has received County approval to construct the Trussum RegionalWater and Wastewater Treatment and Disposal...

  • New Jersey Utilities Association Elects New Officers

    - 2008-12-22

    The New Jersey Utilities Association NJUAtoday announced the election of two new officers, including Dennis W. Doll,Middlesex Water Company, as Chairman of the Board and Mr. Louis Walters,Atlantic City Sewerage Company, as Treasurer. The election of these twoofficers took place during the fourth quarter Board of Directors meetingheld in...

Decision Makers

Name (plus bio) Position
Dennis W. Doll President and Chief Executive Officer
Gerard L. Esposito President
A. Bruce O'Connor CFO & Vice President
Ronald F. Williams Vice President, Operations and Chief Operating Officer
Bernadette Sohler Vice President, Corporate Affairs
James Garrett Vice President, Human Resources
Kenneth J. Quinn Vice President, General Counsel, Secretary and Treasurer
Richard M. Risoldi Vice President Subsidiary Operations
Securit Y. Ownershi Certai N Beneficia L Owner S
Jeffries Shein Director Index

Board of Directors

Name (plus bio) Position
J. Richard Tompkins Chair of Board
Annette Catino Board of Directors
John C. Cutting Board of Directors
John P. Mulkerin Board of Directors
John R. Middleton Board of Directors
Stephen H. Figer Board of Directors
Walter G. Reinhard Board of Directors

DENNIS W. DOLL, age 50, was named President and Chief Executive Officer and became a Director of Middlesex effective January 1, 2006. Mr. Doll joined the Company in November 2004 as Executive Vice President. Prior to joining the Company, Mr. Doll was employed by Elizabethtown Water Company since 1985, serving most recently as a member of the senior leadership team of the Northeast Region of American Water, which was comprised of Elizabethtown Water Company, New Jersey-American Water Company and Long Island Water Corporation and included other regulated and non-regulated subsidiaries. Mr. Doll serves as Director and Chairman of Tidewater Utilities, Inc. (TUI), Tidewater Environmental Services, Inc.; White Marsh Environmental Systems, Inc., a subsidiary of TUI; Pinelands Water Company and Pinelands Wastewater Company; Utility Service Affiliates, Inc., and Utility Service Affiliates (Perth Amboy) Inc. since January 1, 2006.

Organization Position Status
Middlesex Water Company President and Chief Executive Officer Current
Middlesex Water Company Board of Directors Current
Elizabethtown Water Company Vice President & Controller Former
Organization Position Status
Tidewater Utilities, Inc. President Current
Middlesex Water Company President Current
Sussex County Representative Current
Diamond State Port Corporation Board of Directors Current
Tidewater Environmental Services Inc. Director Current
Tidewater Utilities, Inc. Director Current
Tidewater Inc. President Former

Mr. O’Connor, a Certified Public Accountant, joined the Company in 1990 as Assistant Controller and was elected Controller in 1992 and Vice President in 1995. He was elected Vice President and Chief Financial Officer in 1996. He is responsible for financial reporting, customer service, rate cases, cash management and financings. He is Treasurer and a Director of Tidewater Utilities, Inc., Tidewater Environmental Services, Inc., Utility Service Affiliates, Inc., and White Marsh Environmental Systems, Inc. He is Vice President, Treasurer and a Director of Utility Service Affiliates (Perth Amboy) Inc., Pinelands Water Company and Pinelands Wastewater Company.

Organization Position Status
Middlesex Water Company CFO & Vice President Current
Utility Service Affiliates, Inc. Vice President Current
Pinelands Water & Wastewater Co. Vice President Current
Tidewater Utilities, Inc. Treasurer & Director Current
Utility Service Affiliates, Inc. Director Current
Tidewater Environmental Services Inc. Treasurer Current
Tidewater Utilities, Inc. Treasurer Current
Utility Service Affiliates, Inc. Treasurer & Director Former
Tidewater Utilities, Inc. Treasurer Former
Utility Service Affiliates, Inc. Treasurer Former
Organization Position Status
Utility Service Affiliates, Inc. President Current
Middlesex Water Company Vice President, Operations and Chief Operating Officer Current
Utility Service Affiliates, Inc. Director Current
Utility Service Affiliates, Inc. Vice President Former

Bernadette M. Sohler Ms. Sohler joined the Company in 1994 and was named Director of Communications in 2003 and promoted to Vice President-Corporate Affairs in March 2007 with responsibilities for corporate, investor and employee communications, media and government relations, marketing, community affairs and corporate philanthropic activities. She also serves as Vice President of Utility Service Affiliates, Inc.

Organization Position Status
Utility Service Affiliates, Inc. Vice President Current
Middlesex Water Company Vice President, Corporate Affairs Current
Middlesex Water Company Director, Communications Former

Mr. Garrett, a licensed attorney, joined the Company in 2003 as Assistant Vice President-Human Resources. In May 2004, he was elected Vice President- Human Resources. Mr. Garrett is responsible for all human resources, information technology and insurance activities at Middlesex Water Company, Pinelands Water and Wastewater Companies; Utility Services Affiliates (Perth Amboy) Inc., Utility Services Affiliates; Tidewater Utilities, Inc.; White Marsh Environmental Systems, Inc.; and Tidewater Environmental Services, Inc. Prior to his hire, Mr. Garrett was employed by a national retail chain as Director of Organizational Development. He currently serves as Chairman of the Human Resources Policy Committee of the New Jersey Utilities Association.

Organization Position Status
Middlesex Water Company Vice President, Human Resources Current

Mr. Quinn was hired in June 2002 as General Counsel of the Company. He was approved by the Board of Directors to serve as Secretary and Treasurer of the Company effective March 1, 2004. In addition, he serves as Secretary to the New Jersey and Delaware affiliates of the Company. Mr. Quinn was formerly with the law firm of Schenck, Price, Smith & King, LLP of Morristown, NJ, since 1996. Mr. Quinn serves as a member of the Government Relations Committee of the National Association of Water Companies (NAWC), and is immediate Past Chairman of the New Jersey Chapter of NAWC. He is licensed in New York and New Jersey. He is a Vice-Chairman of the Public Utility Law Section, and a member of the Corporate and Business Section, as well as the Banking Law Section of the NJ State Bar. Mr. Quinn is also a member of the Society of Corporate Secretaries and Governance Professionals.

Organization Position Status
Middlesex Water Company Vice President, General Counsel, Secretary and Treasurer Current
New Jersey State Bar Association Board of Directors Current
New Jersey State Bar Association Member Current
Middlesex Water Company Secretary Former
Organization Position Status
Pinelands Water & Wastewater Co. President Current
Utility Service Affiliates, Inc. President Current
Middlesex Water Company Vice President Subsidiary Operations Current
Tidewater Utilities, Inc. Assistant Secretary Current
Tidewater Utilities, Inc. Board of Directors Current
Tidewater Environmental Services Inc. Director Current
Utility Service Affiliates, Inc. Board of Directors Current
Usapa Director Current
Organization Position Status
Middlesex Water Company Certai N Beneficia L Owner S Current

JEFFRIES SHEIN, age 69, became a director of the Company in 1990. He is a Managing Partner of JGT Management Co., LLC, a management and investment firm, since 2003 and formerly a Partner of Jacobson, Goldfarb & Tanzman Associates, Woodbridge, New Jersey, a commercial real estate brokerage firm, since 1972. He is a Director of Raritan Bay Medical Center and a Director of The Provident Bank. Mr. Shein is Chairman of the Compensation Committee and the Corporate Governance and Nominating Committee and a Member of the Corporate Governance Committee, Pension Committee and the ad hoc Pricing Committee.

Organization Position Status
Middlesex Water Company Director Index Current
Middlesex Water Company Chairman Former
Organization Position Status
Middlesex Water Company Chair of Board Current

ANNETTE CATINO, age 52, became a director of the Company in 2003. She is President and CEO of QualCare Alliance Networks, Inc., Piscataway, New Jersey, a managed care organization, since 1991, of which she serves as a Director. Ms. Catino is a Director of Caucus NJ Educational Corporation, Northfield Bank Corp., The Val Skinner Foundation and the American Association of Preferred Providers Organization. Ms. Catino is Chairwoman of the ad hoc Pricing Committee and a Member of the Audit Committee, the Compensation Committee and the Corporate Governance and Nominating Committee.

Organization Position Status
Middlesex Water Company Board of Directors Current
Northfield Savings Bank Inc. Director Current

JOHN C. CUTTING, age 72, became a director of the Company in 1997. Prior to his retirement he served as Senior Engineer, Science Applications International Corporation, specialists in information, energy and military systems, Pittsburgh, Pennsylvania. He is Chairman of the Pension Committee and Capital Improvement Committee and a Member of the Audit Committee and ad hoc Pricing Committee. Mr. Cutting serves as a Director of Tidewater Utilities, Inc. (TUI), Tidewater Environmental Services, Inc. and White Marsh Environmental Systems, Inc.

Organization Position Status
Middlesex Water Company Board of Directors Current
Tidewater Utilities, Inc. Director Current
Tidewater Environmental Services Inc. Director Current

JOHN P. MULKERIN, age 71, became a director of the Company is 1997. Prior to his retirement, he served as President and Chief Executive Officer of First Sentinel Bancorp, Inc., Holding Company for First Savings Bank, Perth Amboy, New Jersey and was a member of the Boards of Directors of said Companies. First Sentinel Bancorp, Inc. was acquired by Provident Financial Services, Inc., the Holding Company for The Provident Bank. Mr. Mulkerin currently serves on the Boards of Directors of both of those Companies. Mr. Mulkerin is a Director of Raritan Bay Medical Center, Daytop Village Foundation and Middlesex County College. He is Chairman of the Audit Committee and the Audit Committee Financial Expert; and a Member of the Corporate Governance/Nominating Committee and the Pension Committee.

Organization Position Status
Middlesex Water Company Board of Directors Current
Catholic Charities Director Current
Companies, Limited Board of Directors Current
Middlesex County College Director Current
Raritan Bay Medical Center Director Current

JOHN R. MIDDLETON, M.D., age 64, became a director of the Company in 1999. He is the former Chair of the Department of Medicine and former Chief Medical Officer of Raritan Bay Medical Center and is currently engaged in the private practice of Infectious Diseases. He is a Fellow of the American College of Physicians and a Fellow of the Infectious Diseases Society of America. Dr. Middleton is a Member of the Audit Committee, the Compensation Committee and the Corporate Governance and Nominating Committee.

Organization Position Status
Middlesex Water Company Board of Directors Current
American College of Physicians Fellow Current
Raritan Bay Medical Center Chief Medical Officer Former
Department of Medicine Chair Former
Organization Position Status
Middlesex Water Company Board of Directors Current

WALTER G. REINHARD, ESQ., age 63, became a director of the Company in 2002. He is a Partner of the law firm of Norris, McLaughlin & Marcus, P.A. of Bridgewater, New Jersey, since 1984. Mr. Reinhard serves as a Director of the Fanwood-Scotch Plains YMCA. Mr. Reinhard is Chairman of the Corporate Governance and Nominating Committee and a Member of the Capital Improvement Committee and the Pension Committee.

Organization Position Status
Middlesex Water Company Board of Directors Current
Fanwood-Scotch Plains Ymca Director Current

Executive News

  • Middlesex Water Company Wins "Green Education" Honors in 2009 NJBIZ Green Leadership Awards

    DMN Newswire - 6/08/09 - View Story

  • Middlesex Water Company Wins "Green Education" Honors in 2009

    Market Wire via MSN Money - 6/08/09 - View Story

advertisement
     MSEX $14.14 -0.34 (-2.35% )
Average Volume 53,657
Shares Outstanding 13.43M
Market Cap 189.9M
Year High 18.52
Year Low 11.6443
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

Energy Industry Companies

Company Employer Rating
Chevron 3.8
advertisement