Profile: American States Water Company (AWR)

American States Water Company (AWR), incorporated in 1998, is the parent company of Golden State Water Company (GSWC), Chaparral City Water Company (CCWC), and American States Utility Services, Inc. (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc. (TUS), Old Dominion Utility Services, Inc. (ODUS), Palmetto State Utility Services, Inc. (PSUS) and Old North Utility Services, Inc. (ONUS)). AWR operates in three segments: water, electric and contracted services. Within the segments, AWR has three principal business units: water and electric service utility operations conducted through GSWC, a water-service utility operation conducted through CCWC, and a contracted services unit conducted through ASUS and its subsidiaries.

GSWC is engaged principally in the purchase, production and distribution of water. GSWC also distributes electricity in one customer service area. GSWC is regulated by the California Public Utilities Commission (CPUC). GSWC is organized into one electric customer service area and three water service regions operating within 75 communities in 10 counties in the State of California, and provides water service in 21 customer service areas. Region I consists of 7 customer service areas in northern and central California; Region II consists of 4 customer service areas located in Los Angeles County; and Region III consists of 10 customer service areas in eastern Los Angeles County, and in Orange, San Bernardino and Imperial counties. GSWC also provides electric service to the City of Big Bear Lake and surrounding areas in San Bernardino County through its Bear Valley Electric Service (BVES) division. As of December 31, 2008, GSWC served 254,482 water customers and 23,172 electric customers, or a total of 277,654 customers. During the year ended December 31, 2008, revenues derived from commercial and residential water customers accounted for approximately 90% of total water revenues.

CCWC is a public utility company serving 13,423 customers as of December 31, 2008. Located in the town of Fountain Hills, Arizona and a portion of the City of Scottsdale, Arizona, the majority of CCWC’s customers are residential. The Arizona Corporation Commission (ACC) regulates CCWC. ASUS, through its wholly owned subsidiaries, has contracted with the United States government to provide water and/or wastewater services, including the operation and maintenance of water and/or wastewater systems. FBWS is a water and wastewater systems at Fort Bliss located near El Paso, Texas. TUS is a water and wastewater systems at Andrews Air Force Base in Maryland. ODUS, PSUS and ONUS are wastewater systems.