American States Water Co. (nyse: AWR) is an American water and electricity utility company. It was founded in 1929 and is headquartered in San Dimas, California.[2] The company has 50-year privatization contracts with U.S. government as a government contractor for its water system service.[3] 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.[2][3]
Background
As of February 2014, the company has a market capitalization of $1.12 billion and an enterprise value of 1.42 billion.[4] It operates its business through three segments including water, electric and contracted service.