Dennis W. Doll, the Chairman, President and CEO of Middlesex Water Company (MSEX), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - August 18, 2014 - The Wall Street Transcript has just published its Alternative Energy & Utilities Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Asia Pacific Demand for Solar Energy - Government Subsidies and Regulation - Solar Growth Drivers and Headwinds - Regulatory Headwinds for U.S. Utilities - Alternative Energy Generation - Utility Infrastructure Capital Expenditures - New Market Opportunities in Energy - Electric Vehicles

Companies include: Middlesex Water Co. (MSEX) and many more.

In the following excerpt from the Alternative Energy & Utilities Report, the Chairman, President and CEO of Middlesex Water Company (MSEX) discusses company strategy and the outlook for this vital industry:

TWST: What plans do you have at this point to upgrade and replace your infrastructure both in the short and long term, and what level of capital investment will those plans require?

Mr. Doll: In our public documents, you will see that we anticipate spending anywhere between $20 million and $30 million a year making capital investments. A portion of that goes toward upgrading and replacing existing infrastructure. We've had a RENEW Program in operation for probably close to 15 years or more at this point, where every year we are routinely and strategically rehabilitating - through main cleaning and lining - several miles of pipe within our distribution system in New Jersey. So we do this rehabilitation year in and year out.

Even though there are still some large infrastructure needs for our company into the future, we've been very proactive in our asset management program and in maintaining those water mains along the way. And as you might imagine, it's all about risk management. We look at the areas that we believe are most likely to fail, even though that failure may not be viewed as imminent, but from a risk perspective these are areas that we would rather mitigate or reduce the risk. The RENEW Program addresses things like that.

Then we also have some longer-term projects that are being planned to generate additional treatment capacity and additional source of supply that we believe will be needed for the next generation. So there's that sustainability component that's an important part of our approach.

TWST: Can you comment then on the strength of your balance sheet, and are there any areas that you are working to improve?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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