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