<SEC-DOCUMENT>0001157523-16-007598.txt : 20161220
<SEC-HEADER>0001157523-16-007598.hdr.sgml : 20161220
<ACCEPTANCE-DATETIME>20161220080110
ACCESSION NUMBER:		0001157523-16-007598
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20161215
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161220
DATE AS OF CHANGE:		20161220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN STATES WATER CO
		CENTRAL INDEX KEY:			0001056903
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				954676679
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14431
		FILM NUMBER:		162060289

	BUSINESS ADDRESS:	
		STREET 1:		630 E FOOTHILL BLVD
		CITY:			SAN DIMAS
		STATE:			CA
		ZIP:			91773-9016
		BUSINESS PHONE:		9093943600

	MAIL ADDRESS:	
		STREET 1:		630 E FOOTHILL
		CITY:			SAN DIMAS
		STATE:			CA
		ZIP:			91773-9016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Golden State Water CO
		CENTRAL INDEX KEY:			0000092116
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				951243678
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12008
		FILM NUMBER:		162060290

	BUSINESS ADDRESS:	
		STREET 1:		630 E FOOTHILL BLVD
		CITY:			SAN DIMAS
		STATE:			CA
		ZIP:			91773-9016
		BUSINESS PHONE:		9093943600

	MAIL ADDRESS:	
		STREET 1:		630 E FOOTHILL
		CITY:			SAN DIMAS
		STATE:			CA
		ZIP:			91773-9016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTHERN CALIFORNIA WATER CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51480155.htm
<DESCRIPTION>AMERICAN STATES WATER COMPANY 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: center">
      <br>
      <font style="font-size: 14pt"><b>UNITED STATES</b></font><br><font style="font-size: 14pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 14pt"><b>Washington,
      D.C. 20549</b></font><br><br><font style="font-size: 16pt"><b>Form 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt"><b>CURRENT REPORT</b></font>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>Pursuant to Section 13 or 15(d) of the
      Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt"><b>Date
      of Report (Date of earliest event reported) December 15, 2016</b></font><br><br><br><font style="font-size: 16pt"><b>AMERICAN
      STATES WATER COMPANY</b></font><br><font style="font-size: 10pt"><b>(Exact
      name of registrant as specified in its charter)</b></font>
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 4%">
          &#160;
        </td>
        <td style="width: 25%; text-align: center; padding-left: 0.0px" valign="top">
          <b>California</b>
        </td>
        <td style="width: 4%">
          &#160;
        </td>
        <td style="width: 34%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>001-14431</b>
        </td>
        <td style="width: 33%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>95-4676679</b>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 25%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            incorporation or organization)
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          (Commission File Number)
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            No.)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 25%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 25%; text-align: center; padding-left: 0.0px" valign="top">
          <b>630 East Foothill Blvd.</b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>San Dimas, California</b>
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>91773</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 25%; text-align: center; padding-left: 0.0px" valign="top">
          (Address of principal executive offices)
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          (Zip Code)
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td style="width: 25%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 4%">

        </td>
        <td colspan="4" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>Registrant&#8217;s telephone number, including area code: (909) 394-3600</b>
        </td>
      </tr>
    </table>
    </div>
    <hr style="width: 100%; text-align: center; color: #000000; height: 2.0 pt">


    <p style="text-align: center">
      <font style="font-size: 16pt"><b>GOLDEN STATE WATER COMPANY</b></font><br><font style="font-size: 10pt"><b>(Exact
      name of registrant as specified in its charter)</b></font>
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <b>California</b>
        </td>
        <td style="width: 34%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>001-12008</b>
        </td>
        <td style="width: 33%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <b>95-1243678</b>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            incorporation or organization)
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          (Commission File Number)
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            No.)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <b>630 East Foothill Blvd.</b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>San Dimas, California</b>
          </p>
        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%; text-align: center; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>91773</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          (Address of principal executive offices)
        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          (Zip Code)
        </td>
      </tr>
      <tr>
        <td style="width: 33%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" style="text-align: center; padding-left: 0.0px" valign="top">
          <b>Registrant&#8217;s telephone number, including area code: (909) 394-3600</b>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <font style="font-size: 10pt"><b>Check the appropriate box below if the
      Form 8-K filing is intended to simultaneously satisfy the filing
      obligation of the registrant under any of the following provisions (</b></font><b><i><font style="font-size: 10pt">see</font></i><font style="font-size: 10pt">
      General Instruction A.2 below):</font></b>
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 12pt; font-family: Arial Unicode MS"><b>&#8414;</b></font><b><font style="font-size: 10pt">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font><br><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 14a-12)</font><br><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 12pt">
      </font><font style="font-size: 10pt">Pre-commencement communications
      pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font><br><font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 12pt">
      </font><font style="font-size: 10pt">Pre-commencement communications
      pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></b>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center; margin-left: 30.0px">
      <br>
      <font style="font-size: 10pt"><b>Section 8 &#8211; Other Events</b></font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 12%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 8.01.</b>
          </p>
        </td>
        <td style="width: 88%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Other Events</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">
      <font style="font-size: 10pt">San Dimas, California, December 20, 2016&#8230;.
      American States Water Company (NYSE:AWR) announced that on December 15,
      2016, the California Public Utilities Commission (&#8220;CPUC&#8221;) approved the
      water general rate case for AWR&#8217;s wholly owned subsidiary, Golden State
      Water Company (&#8220;GSWC&#8221;).&#160;&#160;GSWC had filed a general rate case application
      in July 2014 for all of its water regions and the general office to
      determine new rates for the years 2016 &#8211; 2018.&#160;&#160;The new rates approved
      by the CPUC are retroactive to January 1, 2016.&#160;&#160;&#160;</font>
    </p>
    <p style="text-align: justify">
      <font style="font-size: 10pt">A copy of the Company&#8217;s press release is
      attached hereto as Exhibit 99.1. This Form 8-K and the attached exhibit
      are furnished to, but not filed with, the Securities and Exchange
      Commission.</font><br>
    </p>
    <hr style="width: 100%; text-align: center; color: #000000; height: 2.0 pt">


    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt"><b>Section 9 &#8211; Financial Statement and
      Exhibits</b></font>
    </p>
    <p style="white-space: nowrap">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 12%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td style="width: 88%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Financial Statements and Exhibits</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 12%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit No.</b></u>
          </p>
        </td>
        <td style="width: 88%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%; text-align: left; white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          99.1
        </td>
        <td style="width: 88%; text-align: left; padding-left: 0.0px" valign="top">
          Press Release: American States Water Company Announces CPUC Decision
          Approving New Water Rates at GSWC and U.S. Government&#8217;s Concurrence
          of Price Redetermination at ASUS
        </td>
      </tr>
    </table>
    </div>
    <hr style="width: 100%; text-align: center; color: #000000; height: 2.0 pt">


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      <font style="font-size: 10pt">Pursuant to the requirements of the
      Securities Exchange Act of 1934, the registrant has duly caused this
      report to be signed on its behalf by the undersigned hereunto duly
      authorized.</font>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <b>AMERICAN STATES WATER COMPANY:</b>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; width: 45%; text-align: left; padding-left: 0.0px" valign="top">
          Date: December 20, 2016
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; width: 50%; border-bottom-color: black; text-align: center; padding-left: 0.0px" valign="top">
          /s/ Eva G. Tang
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Eva G. Tang
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President-Finance, Chief Financial
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Officer, Corporate Secretary and Treasurer
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>GOLDEN STATE WATER COMPANY:</b>
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; width: 45%; text-align: left; padding-left: 0.0px" valign="top">
          Date: December 20, 2016
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-style: solid; width: 50%; border-bottom-color: black; text-align: center; padding-left: 0.0px" valign="top">
          /s/ Eva G. Tang
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Eva G. Tang
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 45%">

        </td>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President-Finance, Chief Financial
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Officer and Secretary
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51480155ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2016 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>American
      States Water Company Announces CPUC Decision Approving New Water Rates
      at GSWC and U.S. Government&#8217;s Concurrence of Price Redetermination at
      ASUS</b></font>
    </p>
    <p>
      SAN DIMAS, Calif.--(BUSINESS WIRE)--December 20, 2016--American States
      Water Company (NYSE:AWR) announced that on December 15, 2016, the
      California Public Utilities Commission (&#8220;CPUC&#8221;) approved the water
      general rate case for AWR&#8217;s wholly owned subsidiary, Golden State Water
      Company (&#8220;GSWC&#8221;). GSWC had filed a general rate case application in July
      2014 for all of its water regions and the general office to determine
      new rates for the years 2016 &#8211; 2018. The new rates approved by the CPUC
      are retroactive to January 1, 2016. Among other things, the final
      decision authorizes GSWC to invest approximately $250 million in capital
      infrastructure for years 2015 through 2017 in order to continue to
      provide safe and reliable water to its customers. Adopted revenues for
      2016 associated with capital infrastructure are based on CPUC-approved
      projected capital expenditures for 2015 and 2016.
    </p>
    <p>
      Due to the delay in the water rate case, water revenues as reported for
      the nine months ended September 30, 2016 had been adjusted based on
      settlements reached with the CPUC&#8217;s Office of Ratepayer Advocates
      (&#8220;ORA&#8221;) to reflect reductions in (i) supply costs caused by lower
      consumption, (ii) depreciation expense resulting from an updated
      depreciation study, and (iii) other operating expenses. The primary
      litigated issues in the rate case related to GSWC&#8217;s capital expenditure
      requests and compensation for managerial level employees. Due to the
      unpredictability of the final decision outcome, the water revenues
      reported for the nine months ended September 30, 2016 in the company&#8217;s
      Form 10-Q filed with the Securities and Exchange Commission on November
      2, 2016, reflected the assumption that the CPUC would adopt GSWC&#8217;s
      position in its entirety on these two litigated issues. The final
      decision issued by the CPUC on December 15, 2016, among other things,
      (i) authorized 87% of GSWC&#8217;s capital requests in customer rates, (ii)
      allowed only a portion of the executive incentive programs, (iii)
      approved recovery for certain expenses incurred in prior years, and (iv)
      adopted consumption levels which reflect state-mandated conservation
      targets that were imposed by the governor of California during the
      processing of the application. In addition, in accordance with the
      settlement between GSWC and ORA, the decision used updated inflation
      index values to calculate operating expense increases for 2015 and 2016.
      These recent inflation indices are much lower than the inflation indices
      used in July 2014 when the water rate case application was filed.
    </p>
    <p>
      As a result of all the factors discussed above, diluted earnings at
      AWR&#8217;s water utility segment for the nine months ended September 30, 2016
      would have been lower by approximately $0.07 per share from our reported
      results. Because the new rates are retroactive to January&#160;1,&#160;2016, this
      cumulative impact will be recorded during the fourth quarter of 2016.
      Rate increases for 2017 and 2018 will be subject to an earnings test and
      fluctuations in market indices.
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    <p>
      Also during the fourth quarter of 2016, AWR&#8217;s contracted services
      segment, American States Utility Services, Inc. (&#8220;ASUS&#8221;), received a
      notice regarding one of its contracts that the U.S. government has
      concurred with ASUS&#8217;s final submission of a price redetermination
      filing. This notice, the impact of which will be reflected in a contract
      modification to be issued, will result in the recognition in the fourth
      quarter of 2016 of approximately $0.03 per share in retroactive
      operating revenues for periods through September 30, 2016.
    </p>
    <p>
      Although the net earnings impact from these two retroactive adjustments
      was a negative $0.04&#160;per share, management does not expect reported
      earnings per share for the consolidated company to be substantially
      different from the analysts&#8217; consensus estimate of $1.62
      for&#160;2016&#160;(source: Thomson Reuters).
    </p>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      Certain matters discussed in this news release with regard to the
      Company&#8217;s expectations may be forward-looking statements that involve
      risks and uncertainties. The assumptions and risk factors that could
      cause actual results to differ materially, include those described in
      the Company&#8217;s Form 10-Q and Form 10-K filed with the Securities and
      Exchange Commission.
    </p>
    <p>
      <b>About American States Water Company</b>
    </p>
    <p>
      American States Water Company is the parent of Golden State Water
      Company and American States Utility Services, Inc. Through its utility
      subsidiary, Golden State Water Company, AWR provides water service to
      approximately 261,000 customers located throughout 10 counties in
      Northern, Coastal and Southern California. The Company also distributes
      electricity to approximately 24,000 customers in the City of Big Bear
      and surrounding areas in San Bernardino County, California. Through its
      contracted services subsidiary, American States Utility Services, Inc.,
      the Company provides operations, maintenance and construction management
      services for water and wastewater systems located on military bases
      throughout the country under 50-year privatization contracts with the
      U.S. government.
    </p>
    <p>

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    <p>
      CONTACT:<br>American States Water Company<br>Eva G. Tang<br>Senior Vice
      President-Finance, Chief Financial Officer,<br>Corporate Secretary and
      Treasurer<br>Telephone: (909) 394-3600, ext. 707
    </p>
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