Golden State Water Company (Golden State Water) filed its 2022-2024 Cost of Capital advice letters for all ratemaking areas on May 3, 2021. Any adjustments to current rates of return would not be implemented until January 1, 2022.
As a regulated utility, Golden State Water is required to file a Cost of Capital application every three years with the California Public Utilities Commission (CPUC) to determine the amount Golden State Water is authorized to recover in rates as a return on investment for infrastructure improvements. Infrastructure maintenance and improvements are critical to ensure Golden State Water can continue providing reliable, quality water service to customers.
If the CPUC adopts Golden State Water’s 2022-2024 Cost of Capital request as filed, Golden State Water’s rate of return will increase from 7.91 percent to 8.18 percent for 2022, 2023 and 2024.