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) September 29, 2017
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
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ⃞
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ⃞
Section 8 – Other Events
Item 8.01. Other Events
American States Water Company announced today that its contracted services subsidiary, American States Utility Services, Inc., has been awarded a 50-year contract by the U.S. government to operate, maintain, and provide construction management services for the water distribution, wastewater collection, and treatment facilities at Fort Riley, a United States Army installation located in Kansas. The value of the contract is estimated at approximately $601 million over a 50-year period and is subject to annual economic price adjustment. 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 |
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: October 2, 2017 |
/s/ Eva G. Tang |
|||
|
Eva G. Tang |
|||
Senior Vice President - Finance, |
||||
Chief Financial Officer, Treasurer and |
||||
Corporate Secretary |
Exhibit 99.1
American States Water Company Announces Privatization Contract Award for Fort Riley, Kansas
Estimated Contract Value of $601 Million Over a 50-Year Period
SAN DIMAS, Calif.--(BUSINESS WIRE)--October 2, 2017--American States Water Company (AWR: NYSE) announced today that its contracted services subsidiary, American States Utility Services, Inc. (“ASUS”), has been awarded a 50-year contract by the U.S. government to operate, maintain, and provide construction management services for the water distribution, wastewater collection, and treatment facilities at Fort Riley, a United States Army installation located in Kansas. The value of the contract is estimated at approximately $601 million over a 50-year period and is subject to annual economic price adjustment. Under the contract, there is a 9-month transition period to ensure seamless operations are established and inventory assets are fully accounted for in the contract.
“We are very pleased to have been awarded another significant 50-year contract, which confirms our strong relationship with the U.S. government and their continued confidence in our expertise and experience in managing water and wastewater systems on military bases,” stated Robert J. Sprowls, President and CEO of American States Water Company. “This win marks another important milestone in the growth strategy of our contracted services business and we are well positioned to continue competing for new contracts in the future.”
Fort Riley is a United States Army installation located in North Central Kansas and is currently home to the 1st Infantry Division. Fort Riley is also the site of the United States Cavalry School. At over 100,000 acres, Fort Riley has a daytime population of nearly 25,000. With the addition of Fort Riley, ASUS will be providing water and wastewater utility services at eleven military bases located within eight states.
Forward Looking Statements
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 most recent Form 10-Q and Form 10-K filed with the Securities and Exchange Commission.
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 259,000 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 63 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result.
CONTACT:
American States Water Company
Eva G. Tang, 909-394-3600,
ext. 707
Senior Vice President-Finance, Chief Financial Officer,
Corporate
Secretary and Treasurer