Welcome to our dedicated page for Amer States Wtr Co news (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on Amer States Wtr Co stock.
American States Water Company (AWR) delivers essential utility services through regulated water distribution, electric operations, and specialized government contracts. This news hub provides investors and stakeholders with timely updates on corporate developments impacting California's critical infrastructure.
Access official press releases covering quarterly earnings, regulatory filings with the California Public Utilities Commission, and military base service contract announcements. Our curated collection helps track operational milestones in water resource management, electric service expansions, and long-term infrastructure projects.
Key updates include water rate adjustments approved by state regulators, new military installation service agreements through ASUS subsidiary, and sustainability initiatives across service territories. Bookmark this page for centralized access to strategic announcements affecting one of California's most established utility providers.
American States Water Company (NYSE:AWR) announced on April 13, 2023 that its subsidiary, Golden State Water Company (GSWC), received a proposed decision from the California Public Utilities Commission (CPUC) regarding new water rates for 2022-2024. The final decision is anticipated in Q2 2023, with retroactive rates effective from January 1, 2022. This will notably impact 2023 first quarter results. The approved settlement allows GSWC to invest $404.8 million in infrastructure improvements for safe water services. It also includes provisions for potential revenue increases in 2023 and 2024, subject to inflation adjustments. Additionally, GSWC's requests for medical insurance and general liability cost balancing accounts were approved, but the consolidation of two customer service areas was denied. A conference call to discuss the results is scheduled for May 11, 2023.
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