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American States Water Company (AWR: NYSE) has started operating water and wastewater utility systems at Naval Air Station Patuxent River and Joint Base Cape Cod under long-term contracts with the U.S. government. The contracts are valued at $349 million over 50 years and $75 million over 15 years, respectively. ASUS, the company's subsidiary, received a task order worth $4.1 million for the first year of operations at Joint Base Cape Cod. Robert J. Sprowls, President and CEO, expressed enthusiasm for the new bases.
La American States Water Company (AWR: NYSE) ha iniziato a gestire i sistemi idrici e di trattamento delle acque reflue presso la Naval Air Station Patuxent River e la Joint Base Cape Cod tramite contratti a lungo termine con il governo degli Stati Uniti. I contratti hanno un valore di 349 milioni di dollari su 50 anni e 75 milioni di dollari su 15 anni rispettivamente. ASUS, la filiale dell'azienda, ha ricevuto un ordine di lavoro del valore di 4,1 milioni di dollari per il primo anno di operazioni alla Joint Base Cape Cod. Robert J. Sprowls, presidente e CEO, ha espresso entusiasmo per le nuove basi.
American States Water Company (AWR: NYSE) ha comenzado a operar los sistemas de agua y aguas residuales en la Estación Naval Aérea Patuxent River y la Base Conjunta Cape Cod bajo contratos a largo plazo con el gobierno de EE. UU. Los contratos están valorados en 349 millones de dólares a lo largo de 50 años y 75 millones de dólares a lo largo de 15 años, respectivamente. ASUS, una subsidiaria de la compañía, recibió una orden de trabajo por valor de 4.1 millones de dólares para el primer año de operaciones en la Base Conjunta Cape Cod. Robert J. Sprowls, presidente y CEO, mostró su entusiasmo por las nuevas bases.
American States Water Company (AWR: NYSE)가 미국 정부와의 장기 계약에 따라 Patuxent River 해군 공군기지 및 Cape Cod 합동 기지의 수도 및 폐수 처리 시스템 운영을 시작했습니다. 이 계약은 각각 50년 동안 3억 4,900만 달러, 15년 동안 7,500만 달러로 평가되었습니다. 회사의 자회사인 ASUS는 Cape Cod 합동 기지에서의 첫 해 운영을 위해 410만 달러 상당의 작업 명령을 받았습니다. Robert J. Sprowls 대표이사 겸 CEO는 새로운 기지에 대한 열정을 표현했습니다.
La compagnie American States Water Company (AWR : NYSE) a commencé à exploiter les systèmes d'eau et de traitement des eaux usées à la station aérienne navale de Patuxent River et à la base conjointe de Cape Cod sous des contrats de longue durée avec le gouvernement américain. Ces contrats sont évalués à 349 millions de dollars sur 50 ans et 75 millions de dollars sur 15 ans, respectivement. ASUS, une filiale de la société, a reçu une commande de 4,1 millions de dollars pour la première année d'opérations à la base conjointe de Cape Cod. Robert J. Sprowls, président et directeur général, s'est exprimé avec enthousiasme concernant les nouvelles bases.
Die American States Water Company (AWR: NYSE) hat mit der Betreibung der Wasser- und Abwassersysteme auf der Naval Air Station Patuxent River und der Joint Base Cape Cod begonnen, basierend auf Langzeitverträgen mit der US-Regierung. Die Verträge belaufen sich auf 349 Millionen Dollar über 50 Jahre und 75 Millionen Dollar über 15 Jahre. ASUS, eine Tochtergesellschaft des Unternehmens, erhielt einen Auftrag im Wert von 4,1 Millionen Dollar für das erste Betriebsjahr der Joint Base Cape Cod. Robert J. Sprowls, Präsident und CEO, zeigte sich begeistert von den neuen Standorten.
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SAN DIMAS, Calif.--(BUSINESS WIRE)--
American States Water Company (AWR: NYSE) announced today that after successful transitions, its contracted services subsidiary, American States Utility Services, Inc. (“ASUS”), has officially begun operating the water and wastewater utility systems at Naval Air Station Patuxent River in Maryland under a 50-year privatization contract with the U.S. government and at Joint Base Cape Cod in Massachusetts under a 15-year contract with the U.S. government.
Operations commenced at Naval Air Station Patuxent River on April 1, 2024. The value of this contract is estimated at approximately $349 million over a 50-year period and is subject to an inventory adjustment and annual economic price adjustments. Operations at Joint Base Cape Cod commenced on April 15, 2024. Under this contract, ASUS will perform work through the annual issuance of task orders by the U.S. government over a 15-year period up to a maximum value to ASUS of $75 million subject to adjustments as task orders are issued. In April 2024, the U.S. government awarded a task order valued at $4.1 million to ASUS for the first year of operation, maintenance, and renewal and replacement services of the water and wastewater systems at Joint Base Cape Cod.
“We are very pleased to begin operations on the two new bases,” stated Robert J. Sprowls, President and CEO of American States Water Company. “We look forward to supporting both installations and consider it a privilege to leverage our broad utility expertise to make significant contributions to the military and their respective missions at these locations.”
Forward-Looking Statements
Certain matters discussed in this press release with regard to the company’s expectations may be forward-looking statements that involve risks and uncertainties. The assumptions and risk factors that could cause actual results to differ materially include those described in the company’s most recent Form 10-Q and Form 10-K filed with the Securities and Exchange Commission.
About American States Water Company
American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 264,200 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,800 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution, wastewater collection, and treatment facilities located on 12 military bases throughout the country under 50-year privatization contracts with the U.S. government and one military base under a 15-year contract.
American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 69 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved an 8.1% compound annual growth rate in its calendar year dividend payments from 2013 – 2023.
