Middlesex Water Company Named One of America's Most Trustworthy Companies

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Mon Mar 31, 2008 3:48pm EDT

  ISELIN, NJ, Mar 31 (MARKET WIRE) -- 
 Middlesex Water Company (NASDAQ: MSEX) a leading provider of water, wastewater
and related services in New Jersey and Delaware, has been named one of
America's 100 most trustworthy publicly traded firms according to Audit
Integrity,
Inc., an independent Los Angeles firm that researches corporate governance best
practices.  Audit Integrity researched 8,000 public firms on the quality of
their
corporate integrity. The Audit Integrity Top 100 most trustworthy firms,
reported by
Forbes on March 27, 2008, are selected for persistent excellence in
transparentfinancial reporting and conservative corporate governance.

    Audit Integrity produces objective statistical reports which provide
invaluable
insight into the integrity of reported financial statements and corporate
behavior. These results enable corporate stakeholders to evaluate and avoid the
risks of potentially fraudulent or misleading accounting and corporate
governance.

    Middlesex is one of four utilities to make the Audit Integrity Top 100
listand ranks 6th among small-cap companies. Using financial and non-financial
measures
designed originally to monitor the factors associated with fraud or financial
misrepresentation, Audit Integrity constructed an Accounting and Governance Risk
(AGR) score for each of the 8,000 public companies surveyed. Middlesex Water
achieved an AGR score of 86.

    "The Middlesex Water family of companies -- Pinelands Water Company,
Pinelands
Wastewater Company, Utility Service Affiliates (Perth Amboy) Inc., Tidewater
Utilities, Inc., Tidewater Environmental Services Inc., White Marsh
Environmental Systems, Inc., and Utility Service Affiliates, Inc. -- is honored
with
such a high ranking on this prestigious list," said Dennis W. Doll, President
and CEO of Middlesex Water Company.  "Like most publicly traded firms, honest
and ethical behavior by our employees, coupled with transparent communication
with
our customers and our shareholders, is the only way we know how to do
business. We understand the critical importance of maintaining high standards
of corporate integrity and take very seriously our continued commitment to
strong
corporategovernance," said Doll.

    Full details of the methodology used to determine the top 100 can be found
at
www.auditintegrity.com/methodology.  Full details regarding the Top 100 Most
Trustworthy Companies in America can be found at http://www.forbes.com/.

    About Middlesex Water Company

    Middlesex Water Company, organized in 1897, provides regulated and
unregulated water and wastewater utility services in New Jersey and Delaware
through various subsidiary companies. For additional information regarding
Middlesex
Water Company, visit the Company's Web site at www.middlesexwater.com or
call (732) 634-1500.

    

Contact:
Bernadette Sohler
Vice President - Corporate Affairs
Middlesex Water Company
1500 Ronson Road
Iselin, New Jersey 08830
www.middlesexwater.com

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