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February 22, 2014
15:37 EDTAWRAmerican States Water unit GSWC to defer cost of capital filing to March 2015
American States Water Company announced that its utility subsidiary, Golden State Water Company, GSWC, will defer its cost of capital filing to March 2015. GSWC, along with three other Class A water companies, have reached an agreement with the California Public Utilities Commission. the CPUC, to defer the cost of capital application for one year. The cost of capital applications are normally filed every three years. As part of the agreement, the four water companies will forgo any adjustments to the authorized return on equity, ROE, in 2015, including any changes that would otherwise have applied due to the water cost of capital adjustment mechanism. As the interest rate outlook has not changed significantly, GSWC believes the deferral of this proceeding allows the company to focus on maintaining a strong water supply portfolio, managing our infrastructure replacement program to ensure water quality to our customers and driving operational efficiency to minimize costs.
News For AWR From The Last 14 Days
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November 18, 2014
08:04 EDTAWRAmerican States Water announces approval by CPUC of new rates at GSWC
American States Water Company announced that the California Public Utilities Commission recently issued a final decision adopting the settlement agreement between Golden State Water Company a subsidiary of AWR, and all the parties involved in the general rate case for GSWCs electric division, Bear Valley Electric Service, on the revenue requirement in the case. The final decision sets new rates for the years 20132016 providing for modest increases in customer rates. While the new rates are retroactive to January 1, 2013, they are not expected to materially impact GSWCs 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.

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