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)
November
6, 2014
AMERICAN
STATES WATER COMPANY
(Exact
name of registrant as specified in its charter)
California |
001-14431 |
95-4676679 |
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
630 East Foothill Blvd. San Dimas, California |
91773 |
|
(Address of principal executive offices)
|
(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 incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
630 East Foothill Blvd. San Dimas, California |
91773 |
|
(Address of principal executive offices)
|
(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 obligation 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))
Item 8.01. Other Events
San Dimas, California, November 18, 2014…. American States Water Company (NYSE:AWR) announced that the California Public Utilities Commission (“CPUC”) recently issued a final decision adopting the settlement agreement between Golden State Water Company (“GSWC”), a subsidiary of AWR, and all the parties involved in the general rate case for GSWC’s electric division, Bear Valley Electric Service (“BVES”), on the revenue requirement in the case. The final decision sets new rates for the years 2013–2016 providing for modest increases in customer rates. While the new rates are retroactive to January 1, 2013, they are not expected to materially impact GSWC’s 2014 – 2016 earnings.
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 | Press Release: American States Water Company Announces Approval by the CPUC of New Rates at GSWC’s Bear Valley Electric Service Division |
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: |
November 18, 2014 |
/s /Eva G. Tang |
Eva G. Tang |
||
Senior Vice President-Finance, Chief Financial |
||
Officer, Corporate Secretary and Treasurer |
GOLDEN STATE WATER COMPANY |
||
|
||
Date: |
November 18, 2014 |
/s /Eva G. Tang |
Eva G. Tang |
||
Senior Vice President-Finance, Chief Financial |
||
Officer and Secretary |
Exhibit 99.1
American States Water Company Announces Approval by the CPUC of New Rates at GSWC’s Bear Valley Electric Service Division
SAN DIMAS, Calif.--(BUSINESS WIRE)--November 18, 2014--American States Water Company (NYSE:AWR) announced that the California Public Utilities Commission (“CPUC”) recently issued a final decision adopting the settlement agreement between Golden State Water Company (“GSWC”), a subsidiary of AWR, and all the parties involved in the general rate case for GSWC’s electric division, Bear Valley Electric Service (“BVES”), on the revenue requirement in the case. The final decision sets new rates for the years 2013–2016 providing for modest increases in customer rates. While the new rates are retroactive to January 1, 2013, they are not expected to materially impact GSWC’s 2014 – 2016 earnings.
Among other things, the settlement agreement authorizes a return on equity of 9.95% with a corresponding return on rate base of 8.60%, and approves $11 million of capital projects for 2013 – 2016. The final decision also authorized approximately $8.5 million of additional capital projects to be filed for revenue recovery with advice letters when those projects are completed.
BVES provides electric services to approximately 24,000 customers in the City of Big Bear Lake and surrounding areas in San Bernardino County. Commenting on the final decision, Robert J. Sprowls, President and Chief Executive Officer, stated, “The CPUC’s approval of our electric rate case will allow us to continue to serve our customers the best way possible by investing in infrastructure that provides important upgrades and programs to strengthen safety and reliability, while keeping customer rates relatively unchanged. As we have stated before, a fair and equitable regulatory process is good for customers and shareholders alike.”
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 located within 75 communities 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 through 50-year privatization contracts with the U.S. government.
CONTACT:
American States Water Company
Eva G. Tang
Senior Vice
President, Chief Financial Officer,
Treasurer and Corporate Secretary
(909)
394-3600, extension 707