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 1, 2007
AMERICAN STATES WATER COMPANY
(Exact name of registrant as specified in its charter)
California 001-14431 95-4676679
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
630 East Foothill Blvd.
San Dimas, California 91773
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (909) 394-3600
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GOLDEN STATE WATER COMPANY
(Exact name of registrant as specified in its charter)
California 001-12008 95-1243678
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
630 East Foothill Blvd.
San Dimas, California 91773
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (909) 394-3600
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing requirement of the registrant under any of the
following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the exchange Act (17 CFR
14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure
San Dimas, California, January 4, 2007.... American States Water Company
(NYSE:AWR) announced that the California Public Utilities Commission approved
rate increases in all water customer service areas of its Golden State Water
Company subsidiary. The new rates will be effective as of January 1, 2007.
This Form 8-K and the attached exhibit are furnished to, but not filed with, the
Securities and Exchange Commission.
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Section 9 - Financial Statement and Exhibits
Item 9.01. Financial Statements and Exhibits
Exhibit No. Description
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99.1 Press Release: American States Water Company Announces Approval
by CPUC of Rate Increases
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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
Date: January 4, 2007 /s/ Robert J. Sprowls
---------------------------------------------
Robert J. Sprowls
Sr. Vice President, Chief Financial Officer,
Treasurer and Corporate Secretary
Exhibit 99.1
American States Water Company Announces Approval by CPUC of Rate Increases
SAN DIMAS, Calif.--(BUSINESS WIRE)--Jan. 4, 2007--American States
Water Company (NYSE:AWR) announced that the California Public
Utilities Commission ("CPUC") approved rate increases for all water
service areas of its Golden State Water Company ("GSWC") unit. The
authorized rate increases are effective January 1, 2007 and will
provide GSWC additional annual revenues of approximately $5,978,000 in
2007. The increases include interim rates for GSWC's Regions II and
III service areas, totaling approximately $1,357,000 annualized. Due
to a delay in issuing decisions on the General Rate Cases for rate
increases in Region II and to cover general office expenses at the
corporate headquarters, the Administrative Law Judge of the CPUC
assigned to these cases issued an order for the interim rate
increases. By the CPUC statute, once the final rates are approved,
they will be made effective retroactive to the date the interim rates
are in effect.
Additionally, the CPUC approved temporary surcharges in Region I
water service areas of GSWC to recover previously incurred supply
costs of approximately $2,019,000 recorded in the supply cost
memorandum accounts. Further, the CPUC approved a surcharge in GSWC's
Region III service area to recover approximately $744,000 of discounts
and costs incurred for the California Alternative Rates for Water
("CARW") Program, a program that benefits low-income customers of
GSWC. All surcharges are in effect January 1, 2007. Regulatory assets
have been previously established for the collection of these two
items.
Certain matters discussed in this news release with regard to the
Company's expectations may be forward-looking statements that involve
risks and uncertainties. The assumptions and risk factors that could
cause actual results to differ materially, include those described in
the Company's Form 10-Q and Form 10-K filed with the Securities and
Exchange Commission.
American States Water Company is the parent of Golden State Water
Company, American States Utility Services, Inc. and Chaparral City
Water Company. Through its subsidiaries, AWR provides water service to
1 out of 30 Californians located within 75 communities throughout 10
counties in Northern, Coastal and Southern California (approximately
254,000 customers) and to approximately 13,000 customers in the city
of Fountain Hills, Arizona and a small portion of Scottsdale, Arizona.
The Company also distributes electricity to approximately 23,000
customers in the Big Bear recreational area of California. Through its
non-regulated subsidiary, American States Utility Services, the
Company contracts with municipalities, the U.S. government and private
entities to provide various services, including billing and meter
reading, water marketing and operation and maintenance of water and
wastewater systems.
CONTACT: American States Water Company
Robert J. Sprowls
Senior Vice President, Chief Financial Officer,
Treasurer and Corporate Secretary
909-394-3600, extension 647