Middlesex Water posts investor presentation outlining $506 million 2026-2028 capital plan, PFAS treatment focus

MSEX•2026-08-01

Middlesex Water outlined a $506 million capital plan for 2026-2028, led by PFAS treatment at the Carl J. Olson surface water plant.
The PFAS project is budgeted at $255 million; other priorities include water main replacement in New Jersey, Delaware storage and treatment upgrades, and transmission main replacement.
Q2 2026 operating revenue rose to $56.4 million from $49.4 million; net income increased to $14.8 million from $10.8 million.
First-half operating revenue increased to $105.1 million from $93.7 million; net income climbed to $25.4 million from $20.3 million.
New Jersey rate outcomes highlighted, including a $643 million authorized rate base, 9.6% ROE, and 54.25% equity ratio.

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