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Completion of Electric Utility Reorganization Plan | 12 Months Ended
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Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Completion of Electric Utility Reorganization Plan | Completion of Electric Utility Reorganization Plan On July 1, 2020, GSWC completed the transfer of approximately $71.3 million in net assets and equity (based on their recorded amounts) from its electric utility division to BVESI in exchange for common shares of BVESI of equal value. As a result of this transfer, from July 1, 2020 onward, operating results and cash flows of the electric segment, as well as its assets and liabilities as of December 31, 2022, 2021 and 2020, are no longer included in GSWC’s financial statements, but continue to be included in AWR’s consolidated financial statements. GSWC’s statement of income for 2020 includes the electric segment’s results through June 30, 2020. The table below sets forth selected information relating to the electric segment’s results of operations for 2022, 2021, and for the six month periods ended June 30, 2020 and December 31, 2020 (in thousands):
| Twelve months ended December 31, 2022 |  | Twelve months ended December 31, 2021 |  | Six months ended June 30, 2020 |  | Six months ended December 31, 2020 |  | Twelve months ended December 31, 2020
| (Subsidiary of AWR) |  | (Subsidiary of AWR) |  | (Division of GSWC) |  | (Subsidiary of AWR) |
Electric revenues | $ | 39,986 |  |  | $ | 38,345 |  |  | $ | 18,647 |  |  | $ | 18,377 |  |  | $ | 37,024 |
Operating expenses | 28,246 |  |  | 27,607 |  |  | 13,647 |  |  | 13,074 |  |  | 26,721 |
Operating income | 11,740 |  |  | 10,738 |  |  | 5,000 |  |  | 5,303 |  |  | 10,303 |
Net income | $ | 8,876 |  |  | $ | 7,864 |  |  | $ | 3,408 |  |  | $ | 3,870 |  |  | $ | 7,278 |
The table below sets forth selected information relating to the electric segment’s cash flows for 2022, 2021, as well as the six months ended December 31, 2020. Prior to July 1, 2020, the electric segment’s cash flows were included in GSWC’s cash flows.
| For the Twelve Months Ended December 31, 2022 | For the Twelve Months Ended December 31, 2021 |  | Six Months Ended December 31, 2020
| (Subsidiary of AWR) | (Subsidiary of AWR) |  | (Subsidiary of AWR)
Net cash provided from operating activities | $ | 6,627 |  | $ | 9,128 |  |  | $ | 1,887 |
Net cash used in investing activities (capital expenditures) | (17,989) |  | (19,859) |  |  | (9,339) |
Net cash provided from financing activities (1) | 11,082 |  | 10,827 |  |  | 7,799 |
Net change in cash and cash equivalents | (280) |  | 96 |  |  | 347 |
Cash and cash equivalents, beginning of period | 463 | 367 |  | 20
Cash and cash equivalents, end of period | $ | 183 |  | $ | 463 |  |  | $ | 367 |
(1) BVESI has access to a $35.0 million revolving credit facility, which expires July 1, 2024. As of December 31, 2022, there was $22.0 million outstanding under this facility. Borrowings made under this facility support the electric segment’s operations and capital expenditures. Under the terms of the credit agreement, BVESI has the option to request an increase in the facility by an additional $15.0 million, subject to bank approval. In addition, on April 28, 2022, BVESI completed the issuance of $35.0 million in unsecured private-placement notes consisting of $17.5 million at a coupon rate of 4.548% due April 28, 2032 and $17.5 million at a coupon rate of 4.949% due April 28, 2037.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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