American States Water Co (AWR) is a prominent name in the water and utility services sector in the United States. This parent company is organized into three separate segments namely, water, electric, and contracted services. It has been in business for over 90 years, having been established in 1929, and is based out of San Dimas, California.
Primarily, AWR provides water and electric services through its two wholly-owned subsidiaries, Golden State Water Company (GSWC) and Bear Valley Electric Service (BVES). GSWC, which represents the water segment, covers approximately 80 communities spanning ten counties in Northern, Coastal, and Southern California. The electric segment, operated by BVES, caters to the Big Bear Lake region in San Bernardino County, California. Both these divisions cater to a mixture of residential, commercial, and industrial customers, altogether numbering some million customers.
The contracted services segment provides operations, maintenance, and construction management services for water and wastewater facilities. This division operates under the brand name American States Utility Services, Inc. (ASUS), and primarily contracts with the United States government.
Over the years, AWR has maintained rigorous quality standards and is dedicated to environmental sustainability. Not only does the company play a crucial role in supplying necessary water and energy resources, but it also invests heavily in infrastructure improvements to continue delivering efficient, reliable, and safe utility services. Moreover, the company is also known for its strong commitment to the communities it serves, often engaging in local partnerships and programs.
Investment-wise, AWR consistently pays dividends and boasts a long record of dividend growth, which makes it attractive to investors looking for stable and secure returns. Despite the typically regulated nature of its business, AWR has managed to achieve profitable growth owing largely to its prudent investment strategy, cost management efforts, and committed workforce.
In summary, American States Water Co is a venerable institution in the American utility sector. With a wide customer base, reliable service delivery, environmental consciousness, a strong record in community engagement, and solid financial performance, AWR is a company that not only serves essential needs but also contributes significantly to the economic and social fabric of communities.