ESSENTIAL UTILITIES, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements (continued) (In thousands of dollars, except per share amounts)
purchase price of $41,178 and a loss of an inconsequential amount. The sale concluded the Company’s regulated utility operations in West Virginia. The sale of the Peoples Gas West Virginia utility assets had no major effect on the Company’s operations and did not meet the requirements to be classified as discontinued operations.
The Company used the proceeds from these transactions to finance its capital expenditures and water and wastewater acquisitions, in place of external funding from equity and debt issuances.
Note 4 – Property, Plant and Equipment
December 31,
Weighted Average Useful Life
Approximate Range of Useful Lives
2025
2024
Regulated Water segment: Utility plant and equipment Mains and accessories
$
5,023,290 $ 4,781,229 35-90 years
66 years 53 years 49 years 42 years 30 years
Services, hydrants, treatment plants and reservoirs
3,567,271
3,315,076 5-83 years 448,040 15-75 years 1,328,806 3-78 years 1,152,416 5-88 years
Operations structures and water tanks
465,054
Miscellaneous pumping and purification equipment Meters, transportation and other operating equipment
1,522,970 1,245,867
Land and other non-depreciable assets
142,746
141,835
-
-
Utility plant and equipment - regulated water segment
11,967,198
11,167,402
Utility construction work in progress Net utility plant acquisition adjustment
415,527
405,751
-
-
(8,258) 22,721
(5,627) 10-53 years 20,073 17-64 years
22 years 55 years
Non-utility plant and equipment
Property, Plant and Equipment - Regulated Water segment
12,397,188
11,587,599
Regulated Natural Gas segment: Natural gas transmission
469,806 65,844 156,078
444,560 22-97 years 62,706 30-89 years 155,470 22-80 years 3,279,497 21-73 years 637,712 5-61 years
61 years 45 years 48 years 53 years 24 years
Natural gas storage
Natural gas gathering and processing
Natural gas distribution
3,828,813
Meters, transportation and other operating equipment
663,979 16,099
Land and other non-depreciable assets
4,839
-
-
Utility plant and equipment - Regulated Natural Gas segment
5,200,619
4,584,784
Utility construction work-in-progress
92,910
102,994
-
-
Property, plant and equipment - Regulated Natural Gas segment
5,293,529
4,687,778
Total property, plant and equipment
$ 17,690,717 $ 16,275,377
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