Item 8.01. Other Events

San Dimas, California, November 29, 2021….American States Water Company
(NYSE:AWR) announced that on November 23, 2021, its regulated water utility
subsidiary, Golden State Water Company (GSWC) and the Public Advocates Office
(Cal Advocates) at the California Public Utilities Commission (CPUC) filed a
joint motion to adopt a settlement agreement between GSWC and Cal Advocates in
connection with the water utility general rate case. GSWC had filed a general
rate case application in July 2020 for all of its water regions and the general
office to determine new rates for the years 2022 - 2024.

The settlement agreement, if approved, resolves all issues related to the
calculation of the 2022 annual revenue requirement in the general rate case
application, leaving only three unresolved issues. Among other things, the
settlement authorizes GSWC to invest approximately $416.6 million in capital
infrastructure over the three-year cycle including $11.8 million of capital
projects to be filed for revenue recovery through advice letters when those
projects are completed. Excluding the advice letter project revenues, under the
terms of the settlement agreement GSWC's adopted operating revenues less water
supply costs (RLWSC) for 2022 increases by approximately $20.6 million as
compared to the 2021 adopted RLWSC. The settlement agreement also allows for
potential additional increases in adopted revenues for 2023 and 2024 subject to
an earnings test and changes to the forecasted inflationary index values. The
three remaining unresolved issues relate to GSWC's requests for: (i) a medical
cost balancing account, (ii) a general liability insurance cost balancing
account, and (iii) the consolidation of two of GSWC's customer service areas.
With regards to these unresolved issues, GSWC and Cal Advocates have filed
briefs with the CPUC. When the administrative law judge in the proceeding issues
a proposed decision, it will address the three unresolved issues along with the
settlement agreement filed by GSWC and Cal Advocates. The CPUC is expected to
issue a proposed decision in the water general rate case during the first half
of 2022. When approved, the new rates are expected to become effective and
retroactive to January 1, 2022.

A copy of the Company'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.




Item 9.01.  Financial Statements and Exhibits
Exhibit No.              Description
Exhibit 99.1               Press Release: American States Water Company

Announces a Settlement Agreement in


                         its Water Utility General Rate Case
Exhibit 104              Cover Page Interactive Data File - the cover page

XBRL tags are embedded within the


                         Inline XBRL document

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