American States Water

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]

American States Water Company
TypePublic
NYSE: AWR
S&P 600 Component
Industrywater utilities
Founded1929
HeadquartersSan Dimas, California,
United States
Area served
United States
Services
  • water utilities
  • electric utilities
  • contracted services
Revenue$473.7 Million (As of 2013)[1]
Number of employees
728
Websitehttp://www.aswater.com

Background

As 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 and ASUS is a contractor of U.S. government.[5]

On January 17, 2013, one of the company's subsidiary, ASUS, implemented Deltek Contract Lifecycle Management (CLM), which deals with contract data, as a contract management system to help grow the business and maintain the government compliance.[7] 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,[1] In the winter of 2014, the company continued to provide water service to the customer despite the California drought.[3]

References
  1. "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.
  2. "American States Water Co. Company Profile". Yahoo.finance.com. Retrieved 2014-02-22.
  3. "American States Water Company Comments on California's Drought Declaration. Business Wire". Wsj.com. 2014-01-21. Retrieved 2014-02-22.
  4. "American States Water Company Key Financial Statistics. Yahoo Finance". Finance.yahoo.com. Retrieved 2014-02-22.
  5. "American States Water Company Reuters.com". Reuters.com. Retrieved 2014-02-22.
  6. "American States Water Co. Company Profile Google Finance". Google.com. Retrieved 2014-02-22.
  7. "Government Contractor American States Utility Services Implements Deltek's Contract Lifecycle Management Solution". Prweb.com. 2014-01-17. Retrieved 2014-02-22.
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