SAN DIMAS, Calif.--(BUSINESS WIRE)--Jul. 1, 2014--
American States Water Company (NYSE:AWR) announced that on June 26,
2014, the California Public Utilities Commission (“CPUC”) approved a
Certificate of Public Convenience and Necessity application granting
Golden State Water Company (“GSWC”), a wholly-owned subsidiary of AWR,
approval to provide water utility service to an area to be developed in
Sutter County, California near Sacramento called Sutter Pointe. The
CPUC’s decision approved a settlement that was jointly filed by GSWC,
Sutter County, the Sutter Pointe Developers, and a coalition of Sutter
County residents.
With the CPUC’s approval, GSWC will create a water service district to
supply the Sutter Pointe development with groundwater and surface water
from the Sacramento River. The project will involve the construction of
an underground infrastructure and groundwater wells with a treatment
plant and storage facility to serve retail, industrial and approximately
17,000 residential customers at final build out. As part of the
agreement, GSWC will also request approval from the CPUC to acquire the
water system that currently serves the community of Robbins in Sutter
County.
“We have worked closely with Sutter County and developers in the region
and look forward to building a water system that will meet the needs of
this new development,” said American States Water Company President and
CEO Robert J. Sprowls. “We are very excited about this project and hope
it will be a model for similar projects in the future,” Sprowls
continued.
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 and American States Utility Services, Inc. Through its utility
subsidiary, Golden State Water Company, AWR provides water service to
approximately 257,000 customers throughout 10 counties in Northern,
Coastal and Southern California. The Company also distributes
electricity to approximately 24,000 customers in the Big Bear
recreational area of 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.
American States Water Company has paid dividends to shareholders every
year since 1931, increasing the dividends received by shareholders each
calendar year since 1954.
Source: American States Water Company
American States Water Company
Eva G. Tang
Senior Vice
President - Finance, Chief Financial
Officer, Corporate Secretary
and Treasurer
(909) 394-3600, extension 707