(in thousands) 2015 2014
Total Liabilities:
Pennichuck Water Works, Inc. $ 149,306 $ 160,535
Pennichuck East Utility, Inc. 29,415 28,391
Pittsfield Aqueduct Company, Inc. 1,322 2,107
Subtotal Regulated Segment 180,043 191,033
Water Management Services 51 56
Other 108,528 108,128
Total Liabilities $ 288,622 $ 299,217
Total Long-Term Debt (including current portion):
Pennichuck Water Works, Inc. $ 83,771 § 97,895
Pennichuck East Utility, Inc. 13,537 11,761
Pittsfield Aqueduct Company, Inc. - -
Subtotal Regulated Segment 97,308 109,656
Water Management Services - -
Other 112,864 114,651
Total Long-Term Debt $ 210,172 § 224,307
Note 14 — Subsequent Events
The Company has evaluated the events and transactions that have occurred through March
18, 2016, the date that these consolidated financial statements were available for issuance.
On March 17, 2016, the Company sold its holdings in one investment included in
“Investments — Bond Project Funds” on the Consolidated Balance Sheet as of December 31,
2015. This investment was classified as a “held to maturity” investment on that balance
sheet, but was sold prior to its maturity date in November of 2016. The value of this
investment at the time of sale was approximately $6,990,000. All of the proceeds from this
transaction were transferred into “Restricted Cash — Bond Project Funds,” which are now
available for usage to reimburse project funds during 2016, as further disclosed in Note 1 to
these consolidated financial statements. The investment was sold prior to its original maturity
date due to modifications in the drawdown schedule of funding for the underlying project
identified to these funds, as well as compliance with the manner in which these funds must
be drawdown throughout the construction period for the project, per the Loan and Trust
Agreement under which these funds were originally procured.
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