regulatory
confidence high
sentiment neutral
materiality 0.50
CPUC approves one-year deferral of GSWC cost of capital application to May 2027
AMERICAN STATES WATER CO
- CPUC postponed GSWC's cost of capital filing from May 1, 2026 to May 1, 2027, effective Jan 1, 2028.
- Current authorized rate of return of 7.93% (10.06% ROE, 5.1% debt cost) remains through Dec 31, 2027.
- Capital structure of 57% equity / 43% debt unchanged during deferral.
- Request jointly made with three other investor-owned California water utilities.