American states water company announces favorable ruling by the california supreme court vacating the cpuc's prior decision to discontinue use of a full revenue decoupling mechanism by water utilities

San dimas, calif.--(business wire)--american states water company (awr: nyse) announced today that the california supreme court (the “court”) issued a ruling on july 8, 2024 that set aside a previously issued order by the california public utilities commission (“cpuc”) in august 2020, which had mandated the discontinuation of an existing full revenue decoupling mechanism known as the water revenue adjustment mechanism (“wram”) used by investor owned water utilities since 2008 that, in conjuncti.
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