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Golden State Water Company Receives CPUC Approval for 2026 Water Revenue Increases
American States Water Company (NYSE:AWR) announced today that in December 2025 its water utility ...
About this update from Aurwest Resources Corp.
[{"type":"text","content":"Golden State Water Company Receives CPUC Approval for 2026 Water Revenue Increases\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n American States Water Company (NYSE:AWR) announced today that in December 2025 its water utility subsidiary, Golden State Water Company (GSWC), received approval from the California Public Utilities Commission (CPUC) of its full second-year rate increases that will result in higher adopted water revenue less water supply cost for 2026 of approximately $32.0 million compared to 2025’s adopted levels. This is effective January 1, 2026. GSWC’s current rate cycle covers the years 2025 – 2027. GSWC has an earnings test it has to meet in each of its rate-making areas before implementing the second and third year step increases, which it was able to achieve for its new rates in 2026.\n \n\n Included in this increase is nearly $11.0 million related to those capital projects that were agreed to in settlement to be treated as advice letter projects rather than including them in base rates effective January 1, 2025. Under the settlement agreement approved in the latest water general rate case, all of these advice letter projects were allowed to accrue in a memorandum account (i) interest during the construction period at GSWC’s adopted cost of debt until the assets are in service, and (ii) the full rate of return that includes a debt and equity component and all applicable components of the revenue requirement for the projects from the period the assets are in service until the end of 2025. The assets and the amounts in the memorandum account were added to the adopted rate base for inclusion in the revenue requirement effective January 1, 2026.\n \n\n\n Forward-Looking Statements\n \n\n\n This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can often be identified by words such as “anticipate,” “estimate,” “expect,” “intend,” “may,” “should” and similar phrases and expressions, and variations or negatives of these words. They are not guarantees or assurances of any outcomes, financial results, levels of activity, performance or achievements, and readers are cautioned ...