CPUC proposed decision approves BVES rate case settlement for 2023-2026; vote Jan 16

AMERICAN STATES WATER CO

Proposed decision adopts revenue requirements for BVES for 2023-2026; voting by CPUC scheduled for Jan 16, 2025.
New rates retroactive to Jan 1, 2023; 2023 full-year and part-2024 impact expected in Q4 2024 results.
Settlement authorizes $75.6M in capital infrastructure over four-year cycle, including $23.1M for future recovery projects.
Adopts 10.0% ROE, 5.51% cost of debt, and 57% equity / 43% debt capital structure.
Wildfire mitigation costs currently not in rates approved for recovery; joint motion with CPUC Public Advocates Office.

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