American States Water Company filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$AWR
Water Supply
Utilities
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 30, 2025
(Exact name of registrant as specified in its charter)
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(909 ) 394-3600
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Not Applicable
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Section 8 – Other Events
Item 8.01. Other Events
San Dimas, California, February 4, 2025….American States Water Company (NYSE:AWR) announced that on January 30, 2025, the California Public Utilities Commission (“CPUC”) adopted a final decision in connection with the general rate case at AWR’s regulated water utility subsidiary, Golden State Water Company (“GSWC”).
The final decision in GSWC’s general rate case proceeding will set new water rates for the years 2025 – 2027. The assigned administrative law judge at the CPUC had issued a proposed decision on November 15, 2024 that adopted a settlement agreement between GSWC and the Public Advocates Office at the CPUC with new rates effective January 1, 2025. The proposed decision also addressed the unresolved issues related to GSWC’s requests for certain regulatory mechanisms. Among other things, the proposed decision rejected GSWC’s request for the continuation of a sales reconciliation mechanism, which would allow GSWC to adjust its sales forecast throughout the general rate case cycle to address significant fluctuations in consumption. On December 27, 2024, an alternate decision was issued by the assigned Commissioner that instead approved GSWC’s request to continue this mechanism. No other material changes were made to the proposed decision. The final decision is consistent in all material respects with the alternate decision issued on December 27, 2024. Subsequent to receiving the final decision, GSWC filed for the implementation of new 2025 rate increases that went into effect on February 1, 2025.
A copy of the Company’s press release is attached hereto as Exhibit 99.1. This Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities and Exchange Commission.
Section 9 – Financial Statement and Exhibits
Item 9.01. Financial Statements and Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERICAN STATES WATER COMPANY: | |||||
| February 4, 2025 | /s/ Eva G. Tang | ||||
| Eva G. Tang Senior Vice President-Finance, Chief Financial Officer, Corporate Secretary and Treasurer | |||||
| GOLDEN STATE WATER COMPANY: | |||||
| February 4, 2025 | /s/ Eva G. Tang | ||||
| Eva G. Tang Senior Vice President-Finance, Chief Financial Officer and Secretary | |||||