Point Roberts WA, DELTA, BC –March 22, 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 , Vice Chairman, President and Chief Executive Officer of Middlesex Water Company (NASDAQ:MSEX) following the theme of World Water Day,  March 22nd.

 

Water- Stocks.com Interview with Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer  of Middlesex Water Company (NASDAQ:MSEX)

 

Q- Dawn Van Zant at Water-stocks.com

UN-Water has chosen ''Clean Water for a Healthy World" as the theme for World Water Day 2010.

For investors that don’t know the history of Middlesex Water Company, can you give us a summary of how your company has played a key role in the water industry in the past, leading up to your current position in the sector? 

 

A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)

The availability of a reliable supply of clean, safe drinking water is a major concern both on the global stage and locally and it’s an issue we take very seriously at Middlesex Water Company. Our company was incorporated in 1897 as a water utility primarily serving customers in eastern Middlesex County, New Jersey. Over time, our business, as well as the areas in which we operate, has grown and evolved.  In addition to establishing a solid retail and wholesale revenue base in New Jersey, we entered into a public private partnership agreement with a major New Jersey city in 1998. We acquired other water and wastewater companies in New Jersey, and in 1992 expanded to Delaware where we acquired a 2,400 customer system which has since grown to more than 40,000 customers.  We entered the regulated wastewater business in Delaware in 1995 (a key growth driver for the Company) and also added numerous additional water and wastewater contract operations to our portfolio. Presently, we are largely a New Jersey and Delaware company which just recently expanded its footprint to Pennsylvania through the acquisition of assets of a small system in that state. We differentiate ourselves from our peers in the industry in that we are one company offering developers, municipalities and small system owners a complete suite of services which includes water production and treatment, wastewater collection and treatment, full service contract operations and design/build/ownership and operation of assets. We are capable of providing these services as either a regulated utility or as a contract operator. We implement whatever business model best balances all the needs of the prospective customer. We have increasingly demonstrated our ability to grow the business profitably and we have the technical and operational expertise, financing capability and solutions-based philosophy that addresses present and future water and wastewater challenges.

 

Q- Dawn Van Zant at Water-stocks.com

In previous interviews on our site, water expert Mr. William Brennan noted that, “Water stocks are not recession proof but are recession resistant. “ In line with that, your corporate dividend history for investors is impressive, paying dividends since 1912. Can you explain some of the factors influencing performance of water stocks and expand on your dividend history to investors?

 

A- Mr. Dennis W. Doll, Vice Chairman, President and Chief Executive Officer and of Middlesex Water Company (NASDAQ:MSEX)

No one can argue that water is essential to life.  In that regard, the growing opportunities in this industry through public private partnerships and outright sale of municipal assets, the need for long term investment to upgrade water infrastructure, the regulated utility business model and our growth profile, suggest that Middlesex Water could be an essential part of an investment portfolio for investors seeking reasonable and steady growth in earnings per share. While weather and the ability to obtain recovery through the regulatory framework of investments in utility infrastructure impact sector performance, we are well positioned to grow the company through organic growth (adding customers to new or existing systems), strategic and profitable acquisitions, regulated and non-regulated operating contracts and complementary products and services.  Investors are also compelled by our robust dividend yield and Dividend Reinvestment and Stock Purchase plans.  Middlesex Water has paid quarterly dividends for 97 years, and, in 2009, increased its dividend for the 37th consecutive year. We are proud of this strong dividend history, our record as a Mergent Dividend Champion and understand the importance of this dividend to our shareholders.

 

FULL NEWS RELEASE AND INTERVIEW: http://www.investorideas.com/news/water/3221.asp

 

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.

Visit the Middlesex Water Company (NASDAQ:MSEX) Showcase Profile on Investorideas.com and Water-stocks.com: http://www.investorideas.com/CO/MSEX/

 

For More info on World Water Day- Visit: www.worldwaterday.org

    

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For more info on Middlesex Water Company (NASDAQ:MSEX)

Bernadette M. Sohler

Vice President - Corporate Affairs

This email address is being protected from spambots. You need JavaScript enabled to view it.

732-638-7549

 

For More info on Water-stocks.com

Contact:

Dawn Van Zant 800-665-0411

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Source: Water-Stocks.com, Investorideas.com