CPUC proposed decision adopts GSWC rate case settlement; $573M capital investment authorized

AMERICAN STATES WATER CO

Proposed decision approves settlement in full for 2025-2027 rates; CPUC vote scheduled Dec 19, 2024.
Authorizes $573.1M capital infrastructure investment over three years, plus $58.2M projects already underway.
Rejects full sales decoupling mechanism; orders transition to Monterey-style WRAM and incremental cost balancing account.
Rejects PFAS cost tracking memorandum account; PFAS projects to be recovered via separate application or future rate case.
CEO notes disappointment on decoupling rejection but remains committed to infrastructure investment and service delivery.

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