Robert J. Sprowls, the President and CEO of American States Water Company (AWR), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - August 18, 2014 - The Wall Street Transcript has just published its Alternative Energy & Utilities Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Asia Pacific Demand for Solar Energy - Government Subsidies and Regulation - Solar Growth Drivers and Headwinds - Regulatory Headwinds for U.S. Utilities - Alternative Energy Generation - Utility Infrastructure Capital Expenditures - New Market Opportunities in Energy - Electric Vehicles

Companies include: American States Water Company (AWR) and many more.

In the following excerpt from the Alternative Energy & Utilities Report, the President and CEO of American States Water Company (AWR) discusses company strategy and the outlook for this vital industry:

TWST: How are you dealing with and preparing to deal with continued drought conditions in California?

Mr. Sprowls: Let me start by talking a little bit about our supply mix. At Golden State Water, we purchase about 35% of our water supply from member agencies of the Metropolitan Water District of Southern California, the large government water wholesaler in Southern California. The other 60% to 65% of our supply comes from our own groundwater basins. Reduced precipitation in California has resulted in reduced recharge to groundwater basins, and water levels in several of the basins - especially the smaller basins - are dropping. We have been in pretty good shape so far, but we will start to have more significant issues if we don't get more precipitation this upcoming winter.

Any prolonged drought puts pressure on regional water supply. We have invested in a portfolio of water supply options to mitigate short-term shortages. However, long-term drought impacts groundwater basins and imported supplies. We have had a drought response plan in place for some time and are implementing these plans to ensure continued supply to our customers. We continue to monitor our sources of supply closely.

In some cases, we've already made physical adjustments to our wells to draw deeper into the aquifers. In other cases, we are taking steps to bring in supply from other areas, should that become necessary. No system is in immediate danger. We are also implementing mandatory outdoor water restrictions in accordance with requirements recently issued by the State Water Resources Control Board, and we are communicating with customers the need to conserve.

TWST: Can you give us an update on your projects and bids at military bases?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Rates

View Comments (0)