CPUC Adopts Final Decisions in Golden State Water Rate Case and Cost of Capital Proceedings

AMERICAN STATES WATER CO

CPUC final decision sets new water rates for 2022–2024, adopting full settlement with Public Advocates Office.
GSWC authorized 8.85% ROE, 5.10% cost of debt, 57% equity capital structure, resulting in 7.24% return on rate base for 2022.
Water Cost of Capital Mechanism triggered for 2023, increasing adopted ROE to 9.36% for 2023 and 2024.
New 2023 rate increases filed using May 31, 2023 inflationary index values, effective July 31, 2023.
GSWC will file for recovery of retroactive amounts related to new 2022 and 2023 rates within 90 days of implementation.

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