AMERICAN STATES WATER COMPANY (NYSE:AWR) Files An 8-K Other Events

ME Staff 8-k
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AMERICAN STATES WATER COMPANY (NYSE:AWR) Files An 8-K Other Events
Item 8.01. Other Events

On February6, 2018, Golden State Water Company (GSWC), a subsidiary of American States Water Company, along with three other investor-owned water utilities that serve California, received a Proposed Decision from the California Public Utilities Commission (CPUC) issued in connection with the pending cost of capital proceeding. The Proposed Decision recommends an authorized return on equity (ROE) of 8.23% and a return on rate base of 7.39% for GSWC’s water segment, effective January1, 2018. GSWC’s current authorized ROE for its water segment is 9.43% and its return on rate base is 8.34%. The Proposed Decision also continues the water cost of capital adjustment mechanism. If the Commission adopts the recommendations in the Proposed Decision, the lower return on rate base is expected to decrease GSWC’s annual revenue requirement by approximately $9.5 million beginning in 2018. GSWC will be filing its comments on the Proposed Decision by February26 with a final decision expected in late March2018.

This Form8-K is furnished to, but not filed with, the Securities and Exchange Commission.


About AMERICAN STATES WATER COMPANY (NYSE:AWR)

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries. GSWC is a public utility engaged principally in the purchase, production, distribution and sale of water in approximately 10 counties in the State of California. GSWC also distributes electricity in various San Bernardino County mountain communities in California through its Bear Valley Electric Service division. ASUS operates, maintains and performs construction activities, including renewal and replacement capital work, on water and/or wastewater systems at various United States military bases.