Item 8.01. Other Events
OnAugust 27, 2020 , theCalifornia Public Utilities Commission ("CPUC") issued a final decision approving the proposed decision related to the low income ratepayer assistance and affordability objectives contained in the CPUC's 2010 Water Action Plan, which also addressed other issues including matters associated with the continued use of the water revenue adjustment mechanism ("WRAM"). Based on the final decision, any general rate case application filed byAmerican States Water Company's wholly owned water utility subsidiary,Golden State Water Company ("GSWC"), and certain other water utilities after theAugust 27, 2020 effective date of this decision may not include a proposal to continue the WRAM, but rather may include a proposal for a limited price adjustment mechanism referred to as the Monterey-Style WRAM. This final decision will not have any impact on GSWC's WRAM balances during the current rate cycle (2019 through 2021). In addition, the decision supports GSWC's position that it does not apply to its general rate case application filed inJuly 2020 , which sets new rates for 2022-2024. However, at this time, management cannot predict the potential impact of this decision, if any, on the pending water general rate case. GSWC plans to pursue a legal challenge of this decision. This Form 8-K is furnished to, but not filed with, theSecurities and Exchange Commission . _______________________________________________________________________________________________________
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