American States Water Company along with its subsidiaries provides fresh water, wastewater services and electricity to its customers in the United States.

The company principally works through its two major subsidiaries — Golden State Water Company (“GSWC”) and American States Utility Services (“ASUS”).

American States Water Company was founded in 1929. AWR's regulated utilities served 264,093 water customers and 24,777 electric customers as of Dec 31, 2023.

As of Dec 31, 2023, GSWC owned 2,878 miles of pipeline, along with services, meters and fire hydrants, and approximately 450 parcels of land, generally less than one acre each. Wells, pumping plants, reservoirs and other water utility facilities, including three surface water treatment plants are located in these land parcels.

Its rate-regulated subsidiary, GSWC, is a public utility engaged primarily in the purchase, production, distribution and sale of water in California, the distribution of electricity in several San Bernardino County mountain communities in California. It also serves customer connections through its Bear Valley Electric Service (“BVES”) division.

The contracted services subsidiary, American States Utility Services, Inc., provides operations, maintenance and construction management services for water and wastewater systems located in military bases throughout the country. Revenues derived from commercial and residential customers accounted for nearly 90% of the annual total water and electric revenues for the years ended Dec 31, 2023, 2022 and 2021.

American States Water has three reportable segments, namely Water, Electric and Contracted Services that contributed 72.8%, 7% and 20.2%, respectively, to total revenues in 2023.