American States Water Subsidiary Golden State Water And Public Advocates Office File Joint Motion To Adopt Settlement Agreement In Water Utility General Rate Case
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American States Water's subsidiary, Golden State Water, and the Public Advocates Office have filed a joint motion to adopt a settlement agreement in a water utility general rate case. The new rates for 2025-2027 are expected to be effective from January 1, 2025, pending a decision by the California Public Utilities Commission (CPUC) by the end of 2024.
July 18, 2024 | 1:05 pm
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American States Water's subsidiary, Golden State Water, has filed a joint motion with the Public Advocates Office to adopt a settlement agreement in a water utility general rate case. The new rates for 2025-2027 are expected to be effective from January 1, 2025, pending CPUC's decision by the end of 2024.
The filing of a joint motion to adopt a settlement agreement in a water utility general rate case is a significant regulatory development for American States Water. If approved, the new rates will impact the company's revenue from 2025 to 2027, likely leading to a positive short-term impact on the stock price.
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