CPUC finalizes Bear Valley Electric rate case; rates rising retroactive to Jan 2023

AMERICAN STATES WATER CO

CPUC adopted final decision on Jan 16, 2025, consistent with proposed decision from Dec 12, 2024.
New electric rates for 2023-2026 will be implemented March 1, 2025, retroactive to Jan 1, 2023.
BVES will file within 90 days to recover retroactive amounts and incremental wildfire mitigation costs.
Financial impact of the decision will be reflected in Q4 2024 earnings and 2024 Form 10-K.
Settlement agreement between BVES, CPUC Public Advocates Office, and intervenor was fully adopted.

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