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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.
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