Investorideas.com - Water Stocks; Q&A Interview with Middlesex Water Company (NASDAQ:MSEX); Offering Water and Wastewater Solutions for Municipalities, Developers and Small System Owners

Investorideas.com - Water Stocks; Q&A Interview with Middlesex Water Company (NASDAQ:MSEX); Offering Water and Wastewater Solutions for Municipalities, Developers and Small System Owners



August 27, 2010 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents an interview with Mr. Dennis W. Doll , Chairman, President and CEO of Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related services, primarily in New Jersey and Delaware. Organized in 1897, the Company provides regulated and unregulated water and wastewater utility services through various subsidiary companies.



Water-Stocks.com Interview with Mr. Dennis W. Doll, Chairman, President and CEO ofMiddlesex Water Company (NASDAQ:MSEX)


Q- Dawn Van Zant at Water-stocks.com
Dennis, in today's environment of climate change, rising population, outdated infrastructure, water efficiencies are more important than ever. How does Middlesex Water address its client needs for water and wastewater efficiency, cost reductions and still meet the required service demands?

A- Mr. Dennis W. Doll, Chairman, President and CEO of Middlesex Water Company (NASDAQ:MSEX)
Today's water and wastewater challenges more than ever require sound technical and financial solutions to meet the increasing national problem of aging infrastructure while maintaiing quality service. Our company has the team, the tools and the talent to address any number of service needs. Across the country, these challenges grow more real every day, and as our reputation as a leading provider continues to expand beyond our existing service areas, we are seeing greater opportunity to help current and prospective clients find greater operational efficiencies, greater transparency about the operations and finances of their systems and assist with improvements to enhance service to customers.

Educating customers about the wise use of water and the importance of detecting household leaks is paramount in our business because it not only helps our customers to better control costs, but also helps to preserve a precious resource for future generations. As an EPA Water Sense partner, we are committed to promoting efficiency in water consumption and do so through the availability of WaterSense labeled products through our website. Equally important is our ongoing commitment to prudently investing in our water mains, treatment plants and other facilities so that capacity is in place to accommodate desired growth, and infrastructure can support current and future customer demands for reliable and affordable water and wastewater service.

Our unique suite of services enables us to address issues of capacity, outdated infrastructure and operational inefficiencies on both the water and the wastewater side. An excellent case study is our partnership with the Town of Milton, DE. Upon acquiring the Town's wastewater treatment plant and related facilities in 2007 through our subsidiary, Tidewater Environmental Services, Inc., it was assumed we would need to decommission the 47 year-old plant relatively soon and construct a new plant to meet capacity, infrastructure and related service challenges existing at that time. After implementing various aspects of our asset management program, we determined that by investing approximately $700,000 in the plant we could meet the capacity and other service needs for a significantly longer period of time than originally anticipated. This approach has resulted in maintaining the high quality of service our customers expect, extending the life of the existing plant and providing room for a reasonable level of growth, all in a cost-effective manner. We were honored to have the Governor of Delaware tour this facility in August 2010, where he acknowledged our company's operational excellence and credited our partnership with the Town of Milton for helping protect the environment and the residents' quality of life all while contributing to economic development in the area. So across all of our companies, we are working to continually enhance our business processes and implement high quality technology that drives reductions in costs while improving service. All of these approaches are important factors in our ability to meet increasing customer expectations and to deliver our growth strategy.

Q- Dawn Van Zant at Water-stocks.com
I have read reports that water consumption is expected to increase by 40% by 2025; what kind of opportunities and obstacles does that represent for companies like Middlesex?


A- Mr. Dennis W. Doll, Chairman, President and CEO of Middlesex Water Company (NASDAQ:MSEX)
There are only a limited number of systems managed by investor-owned companies, but entities like us can play a critical role in helping local government meet water and wastewater challenges associated with sufficient supplies. As a company operating since 1897, if there's one thing we've learned it's that the demand for clean, safe drinking water will always be present and in fact, the lack of these supplies in some parts of the world has reached crisis levels. But the availability of ample water supplies to support heightened demand is best addressed with careful engineering planning and analysis decades before. Even where adequate supplies of quality drinking water are available, it also requires diligent management of water transmission and distribution assets to ensure the underground network of pipes, valves, hydrants, etc. can adequately support customer demand. The affordability and availability of more water and energy efficient products may over time affect how customers use water and how much they use -- but water will always be an element that is essential to human life. We need to continue working to educate the public, as well as the public sector, about the roles our company and the rest of the investor-owned utility industry can play in preserving our resources and meeting the present and future service needs.


Q- Dawn Van Zant at Water-stocks.com
Your company currently provides water and wastewater services in New Jersey and Delaware --- from Water Production, Treatment and Distribution to Wastewater Collection and Treatment and Water and Wastewater System Maintenance – what areas within your services represents the biggest growth markets?


A- Mr. Dennis W. Doll, Chairman, President and CEO of Middlesex Water Company (NASDAQ:MSEX)
As municipally owned utilities work to face challenges of shrinking budgets, an aging workforce and ever increasing state and federal regulations, the continued privatization of government-owned facilities is one example of an opportunity for our company. We have experience working with county and local governments in such partnerships and we have an extremely talented workforce that can offer the right technical solutions. A related growth area includes contract operations for those entities that are not prepared to effect an outright sale of assets, yet need additional professional expertise to provide the operations know-how. The pace of our growth from acquisitions, privatizations, new residential and commercial construction and other complementary products and services is largely dependent on several key factors. Our national and local economies, the specific service and infrastructure needs of local communities, ever-improving technology and environmentally-sensitive approaches are all factors in some form in our growth profile.

Q- Dawn Van Zant at Water-stocks.com
The company just reported revenue for the quarter rose from $23.1 million to $26.5 million on higher demand; do you see this trend continuing moving forward?

A- Mr. Dennis W. Doll, Chairman, President and CEO of Middlesex Water Company (NASDAQ:MSEX)
Given the seasonal nature of our business, weather is a significant driver of customer demand. We expect that demand, as well as the many growth opportunities we are exploring, will serve as key drivers of revenue growth moving forward.


About Middlesex Water Company
Incorporated as a water utility in 1897, Middlesex Water Company (NASDAQ:MSEX) provides a full range of regulated and non-regulated water, wastewater utility and related services in parts of New Jersey, Delaware and Pennsylvania. Middlesex Water engages in collecting, treating, distributing and selling water for domestic, commercial, municipal industrial and fire protection purposes.


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For more info on Middlesex Water Company (NASDAQ:MSEX)Bernadette M. SohlerVice President - Corporate AffairsBsohler@middlesexwater.com732-638-7549
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Dawn Van Zant 800-665-0411Email: dvanzant@investorideas.comWeb Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com

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