Water Industry News

Dennis Doll Takes Helm at Middlesex Water

Tuesday January 3, 11:31 am ET

ISELIN, NJ--(MARKET WIRE)--Jan 3, 2006 -- Middlesex Water Company, (NasdaqNM:MSEX - News), a provider of water and wastewater services in New Jersey and Delaware, announced today that Dennis W. Doll has assumed responsibilities as President and Chief Executive Officer of the Iselin-based company, effective January 1, 2006. As previously announced, Mr. Doll took over the position held by former President and CEO Dennis G. Sullivan who retired the end of 2005.

"We have worked on various initiatives together over the past year related to financial performance, strategic growth and ways to better serve our customers. Moving forward into 2006, we intend to realize the full value of this planning," said Doll. "These initiatives include a $4.3 million increase in annual revenues granted to Middlesex by the New Jersey Board of Public Utilities in December 2005, a keen focus on strategic and profitable growth in both our regulated and non-regulated businesses, diligent attention to operational excellence and fiscal accountability and further development of the skills of our dedicated workforce."

Dennis Doll had served Middlesex Water as Executive Vice President since November 1, 2004, and had previously served as a member of the executive management team of the Northeast Region of American Water, the nation's largest investor-owned water purveyor. Mr. Doll, a Certified Public Accountant, is a graduate of Upsala College with a Bachelor of Arts Degree in Accounting and Economics.

Mr. Sullivan had been with Middlesex since 1984, having served as Vice President and General Counsel before being appointed President in 2001. Doll added, "I have great admiration and respect for Dennis and for what he has accomplished during his tenure at Middlesex Water. The Company has a firm foundation of service in New Jersey and real potential for growth throughout its service area. He is leaving us in solid shape to take further advantage of regulated and non-regulated opportunities to enhance long-term shareholder value."

Tidewater Utilities, Inc., a subsidiary of Middlesex Water providing service in southern Delaware, has experienced steady double-digit growth in recent years and recently hit the 28,000 customer mark. Tidewater has grown from a 3,200 customer water utility in 1992 to a water and wastewater utility and management services company. Tidewater Environmental Services, Inc., a subsidiary of Middlesex Water also operating in Delaware, recently completed an acquisition marking its formal entry into the regulated wastewater business in Delaware.

About Middlesex Water Company

Middlesex Water Company, organized in 1897, is an investor-owned water utility, serving customers in central and southern New Jersey and in the State of Delaware. The Company and its New Jersey subsidiaries -- Pinelands Water Company and Pinelands Wastewater Company -- are subject to the regulations of the Board of Public Utilities of the State of New Jersey. Middlesex Water operates the water and wastewater utilities for the City of Perth Amboy through its subsidiary, Utility Service Affiliates (Perth Amboy) Inc. The Company's Delaware subsidiaries, Tidewater Utilities, Inc., together with Southern Shores Water Company, and Tidewater Environmental Services, Inc. are subject to the regulations of the Public Service Commission in Delaware. These companies are also subject to various Federal and State and regulatory agencies concerning water quality standards.