SAN DIMAS, Calif.--(BUSINESS WIRE)--Dec. 14, 2016--
Today, American States Water Company (NYSE:AWR) announced that the
County of Los Angeles Superior Court (“the Court”) issued its final
decision rejecting the City of Claremont’s attempt to seize the
Claremont water system by eminent domain in the legal case between
American States’ wholly owned subsidiary, Golden State Water Company
(“GSWC”), and the City of Claremont (the “City”). In December 2014, the
City initiated legal action to acquire the water system by filing a
complaint in eminent domain against GSWC. The trial to determine the
City’s right to seize the water system by eminent domain concluded in
August 2016. On December 9, 2016, the presiding judge entered the final
decision rejecting the City’s attempt to take over GSWC’s Claremont
water system. GSWC serves approximately 11,000 customers in Claremont.
The Court’s 41-page decision addresses all of the arguments raised by
the City as to why an eminent domain takeover was being pursued.
Notably, in rejecting the City’s lawsuit the Court’s decision emphasizes
GSWC’s excellent record of water quality and service reliability,
stating:
“The Court will dismiss the complaint because Golden State has proven
that the City’s plans for operation of the Claremont water system do not
provide adequate assurance that it will maintain water quality, safety
and reliability in the Claremont service area at the level now provided
by Golden State.”
Commenting on the final decision is Robert J. Sprowls, President and
Chief Executive Officer of American States Water Company. “Since 1929,
Golden State Water has provided high-quality water to residents and
businesses in the City of Claremont, so we were pleased that when the
facts were considered, the judge ruled in our favor,” said Sprowls.
“From the outset of the trial, we have maintained that the City’s claims
were without merit and continued to demonstrate that Golden State Water
has operated transparently and in the best interest of the community. We
look forward to continue serving this community like we’ve done for over
8 decades, and are equally committed to being a strong community partner
in its future,” Sprowls continued.
About American States Water Company
American States Water Company is the parent of Golden State Water
Company and American States Utility Services, Inc. Through its utility
subsidiary, Golden State Water Company, AWR provides water service to
approximately 261,000 customers located throughout 10 counties in
Northern, Coastal and Southern California. The company also distributes
electricity to approximately 24,000 customers in the City of Big Bear
and surrounding areas in San Bernardino County, California. Through its
contracted services subsidiary, American States Utility Services, Inc.,
the company provides operations, maintenance and construction management
services for water and wastewater systems located on military bases
throughout the country under 50-year privatization contracts with the
U.S. government.
American States Water Company has paid dividends to shareholders every
year since 1931, increasing the dividends received by shareholders each
calendar year for 62 consecutive years, which places it in an exclusive
group of companies on the New York Stock Exchange that have achieved
that result.
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Source: American States Water Company
American States Water Company
Eva G. Tang
Senior Vice
President-Finance, Chief Financial Officer,
Corporate Secretary and
Treasurer
Telephone: (909) 394-3600, ext. 707