American States Water Co. (NYSE: AWR) is an American water and electricity utility company. It was founded in 1929 and is headquartered in San Dimas, California.[2] The company has 50-year privatization contracts with U.S. government as a government contractor for its water system service.[3] It is the water utility provider for about 246,000 customers and the electricity provider for over 23,000 customers in Big Bear Lake and California under the name Bear Valley Electric.[2][3]
 | |
| Type | Public |
|---|---|
| NYSE: AWR S&P 600 component | |
| Industry | water utilities |
| Founded | 1929 |
| Headquarters | San Dimas, California, |
Area served | United States |
| Services |
|
| Revenue |  $595.5 Million (As of 2024[update])[1] |
Number of employees | 846 [1] |
| Website | http://www.aswater.com |
Background
editAs of February 2014, the company has a market capitalization of $1.12 billion and an enterprise value of 1.42 billion.[4] It operates its business through three segments including water, electric and contracted service.[5]
The company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS) as well as its subsidiaries.[6] GSWC serves more than 45,000 customers in California. ASUS is a contractor for the U.S. government.[5]
In June 2013, GSWC entered into an agreement to purchase all of the operating assets of Rural Water Company, which used to serve approximately 1,000 customers in the county of San Luis Obispo, California,[7] In the winter of 2014, the company continued to provide water service to the customer despite the California drought.[3]
Bear Valley Electric
edit | |
| Type | subsidiary |
|---|---|
| Industry | Electricity |
| Headquarters | Big Bear Lake, California, United States |
| Products | Electricity |
| Parent | American States Water Company |
| Website | Bear Valley Electric |
The Bear Valley Electric Service Inc. (BVES), a subsidiary of American States Water, is the utility that provides electricity to the Big Bear valley in the San Bernardino Mountains, California, United States. It was established in the Big Bear Valley in 1929.[8]
Locations
editGolden State Water
editGolden State Water operates systems based in:[9][10][11]
- San Dimas
- Los Alamitos
- West Orange County
- Placentia
- Central Basin East
- Central Basin West
- Claremont
- Culver City
- San Gabriel
- South San Gabriel
- South Arcadia
- Barstow
- Calipatria
- Bay Point
- Arden Cordova
- Wrightwood
- Los Osos
- Santa Maria
- Simi Valley
- Clearlake
- Morongo Valley
- Morongo del Sur
- Morongo del Norte
- Apple Valley
- Desert View
- Lucerne
- North Apple Valley
- South Apple Valley
References
edit- 1 2 "American States Water 2024 10-K".
- 1 2 "American States Water Co. Company Profile". Yahoo.finance.com. Retrieved 2014-02-22.
- 1 2 3 "American States Water Company Comments on California's Drought Declaration. Business Wire". Wsj.com. 2014-01-21. Retrieved 2014-02-22.
- ↑ "American States Water Company Key Financial Statistics. Yahoo Finance". Finance.yahoo.com. Retrieved 2014-02-22.
- 1 2 "American States Water Company Reuters.com". Reuters.com. Archived from the original on 2014-02-26. Retrieved 2014-02-22.
- ↑ "American States Water Co. Company Profile Google Finance". Retrieved 2014-02-22.
- ↑ "American States Water Co. Quarterly Report Ended September 30, 2013 Form 10-Q - Quarterly report [Sections 13 or 15(d)]". SEC.com. 2011-11-04. Retrieved 2014-02-22.
- ↑ "Bear Valley Electric Service | CALeVIP". calevip.org. Retrieved 2021-01-20.
- ↑ "Water Systems".
- ↑ "Water Systems".
- ↑ "Your Service Area".
External links
edit- Business data for American States Water:
- Official American States Water website
- [Bear Valley Electric http://www.bves.com]