The California Public Utilities Commission (CPUC) approved a request to defer the cost of capital application for American States Water Company's subsidiary, Golden State Water Company.
The approval postpones the filing date for the cost of capital application by one year until May 1, 2027.
Golden State Water Company's current authorized rate of return on rate base is 7.93% with a weighted cost of capital continuing in effect through December 31, 2027.
CPUC Approval
CPUC approved the deferral of the cost of capital application for Golden State Water Company by one year.
Rate of Return
Golden State Water Company's current authorized rate of return on rate base is 7.93% with a weighted cost of capital continuing in effect through December 31, 2027.
Dividend History
AWR has a long history of paying common dividends, increasing dividends annually for 71 consecutive years.
- The deferral of the cost of capital application provides financial flexibility for Golden State Water Company and American States Water Company.
- The approved rate of return on rate base ensures stable financial performance for Golden State Water Company in the coming years.
The CPUC's approval of the cost of capital deferral is a positive development for American States Water Company and its subsidiary, providing strategic financial benefits for the future.