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Stock Market & Financial Investment News

News Breaks
February 24, 2014
08:18 EDTAWRAmerican States Water initiated with a Buy at Ladenburg
Target $32.
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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