2007 Financial Highlights

Years Ended December 31, 2007 2006 % Change FINANCIAL (in thousands)   Operating Revenues $ 59,026 $46,945 25.7% Non-Water Sales Earnings, net of taxes $ 651 $515 26.4% Net Income Applicable to Common Stock $ 8,743 $ 6,708 30.3%         COMMON STOCK (Per Share Data)   Basic Earnings Per Average Share $1.06 $ 0.81 30.9% Stock Price (End of Year) $23.57 $ 22.75 3.6% Dividends Declared $ 0.865 $0.855 1.2% Book Value Per Share (End of Year) $ 11.95 $ 11.60 3%         OPERATIONS   Number of Customers (End of year) 84,418 83,247 1.4% Number of Employees (End of year) 206 200 3%