American States Water Co. () is an American water and electricity utility company. It was founded in 1929 and is headquartered in San Dimas, California. The company has 50-year privatization contracts with U.S. government as a government contractor for its water system service. 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.
Background As of February 2014, the company has a market capitalization of $1.12 billion and an enterprise value of 1.42 billion. It operates its business through three segments including water, electric and contracted service.
The company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS) as well as its subsidiaries. GSWC serves more than 45,000 customers in California. ASUS is a contractor for the U.S. government.
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, In the winter of 2014, the company continued to provide water service to the customer despite the California drought.
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.
Locations Golden State Water Golden State Water operates systems based in: San Dimas Los Alamitos West Orange County Placentia Yorba Linda Cowan Heights Central Basin East Artesia Norwalk Central Basin West Bell/Bell Gardens Florence-Graham Hollydale Willowbrook Claremont Culver City San Gabriel South San Gabriel South Arcadia Barstow Calipatria Bay Point Arden Cordova Cordova Arden Robbins Wrightwood Los Osos Los Osos Edna Santa Maria Orcutt Nipomo Cypress Ridge Lake Marie Tanglewood Simi Valley Clearlake Morongo Valley Morongo del Sur Morongo del Norte Apple Valley Desert View Lucerne North Apple Valley South Apple Valley
References
External links
Official American States Water website [Bear Valley Electric http://www.bves.com]