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) December 16, 2010
AMERICAN
STATES WATER COMPANY
(Exact
name of registrant as specified in its charter)
California |
001-14431 |
95-4676679 |
(State or other jurisdiction of |
(Commission File Number) |
(I.R.S. Employer Identification |
630 East Foothill Blvd. |
91773 |
|
(Address of principal executive |
(Zip Code) |
Registrant’s telephone number, including area code: (909) 394-3600
GOLDEN
STATE WATER COMPANY
(Exact
name of registrant as specified in its charter)
California |
001-12008 |
95-1243678 |
(State or other jurisdiction of |
(Commission File Number) |
(I.R.S. Employer Identification |
630 East Foothill Blvd. |
91773 |
|
(Address of principal executive |
(Zip Code) |
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
240.14a-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))
Item 8.01. Other Events
San Dimas, California, December 22, 2010…. American States Water Company (NYSE:AWR) announced that on December 16, 2010, the California Public Utilities Commission (“CPUC”) issued a final decision providing approval for rate increases in the Region I water customer service areas of its Golden State Water Company (“GSWC”) subsidiary. The new rates will be effective January 1, 2011. A copy of the Company’s press release is attached hereto as Exhibit 99.1.
This Form 8-K and the attached exhibit are 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 | Press Release: American States Water Company Announces CPUC Decision Approving Rate Increases at GSWC’s Region I Water Customer Service Areas |
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: |
December 22, 2010 |
/s/ Eva G. Tang |
Eva G. Tang |
||
Senior Vice President-Finance, Chief Financial Officer, |
||
Corporate Secretary and Treasurer |
||
|
|
GOLDEN STATE WATER COMPANY: |
Date: |
December 22, 2010 |
/s/ Eva G. Tang |
Eva G. Tang |
||
Senior Vice President-Finance, Chief Financial Officer |
||
and Secretary |
Exhibit 99.1
American States Water Company Announces CPUC Decision Approving Rate Increases at GSWC’s Region I Water Customer Service Areas
SAN DIMAS, Calif.--(BUSINESS WIRE)--December 22, 2010--American States Water Company (NYSE:AWR) announced that on December 16, 2010, the California Public Utilities Commission (“CPUC”) approved rate increases for the Region I service areas of its Golden State Water Company (“GSWC”) subsidiary.
The decision issued by the CPUC on December 16, 2010, approved revenue increases in Region I’s customer service areas for a two-year (2011 and 2012) rate cycle. On a year to year basis, the increase in 2011 revenues represents an increase of approximately $1.9 million over 2010 adopted revenues. The projected increase for 2012 is $0.1 million. The CPUC also authorized approximately $18.5 million of capital projects to be filed for revenue recovery with advice letters when those projects are completed. During the time that such projects are under development and construction, GSWC may accrue an allowance for funds used during construction (“AFUDC”) on the accrued expenditures to offset the cost of financing project construction. The advice letter projects are expected to be done over a two year period. A general rate case will be filed for all of GSWC’s three water regions in July 2011 with rates effective January 2013.
GSWC’s Region I service areas provide water services to approximately 56,000 customers in seven customer areas in the northern and central coast parts of California.
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 approximately 1 out of 36 Californians located within 75 communities throughout 10 counties in Northern, Coastal and Southern California (approximately 256,000 customers) and to over 13,000 customers in the Town of Fountain Hills, Arizona and a small portion of Scottsdale, Arizona. The Company also distributes electricity to over 23,000 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.
American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year since 1953.
CONTACT:
American States Water Company
Eva G. Tang
Senior Vice
President-Finance, Chief Financial Officer,
Corporate Secretary and
Treasurer
Telephone: (909) 394-3600, ext. 707