American States Water Company (NYSE:AWR) Q4 2022 Earnings Call Transcript

Jonathan Reeder: Okay. Okay. Makes sense. GRC, I mean any idea what the heck happened with ALJ. I know they had put out the time extension saying that the proposed decision was going to come in January. So I mean I understand things can kind of slip, but to say that, with a couple of weeks ago and now are over a month after January. Any €“ what’s going on there?

Bob Sprowls: Well, the sense we have is just to say we’ve got more work to do than people could do it. But we’re €“ we’ve been pushing and pushing and pushing at it doesn’t seem to be getting the ball across the goal line here. So I know Jonathan and Angie both are really frustrated by this, you can imagine how frustrated we are with all-party settlement sitting in front of them. But it doesn’t do any good. I don’t know what issues they have there. It just seems like maybe they don’t have enough people to do the work.

Jonathan Reeder: Yes. It just seems kind of odd. I mean, I forget when January came out, but are they the same?

Bob Sprowls: Very early in January. In January 12, I think, that the CPUC approved the ALJ’s request for a deferral.

Jonathan Reeder: Yes.

Bob Sprowls: And then there was commentary about trying to get PD out in January. And then January came and went, and then now February has come and gone and we kind of met with everybody we think we can meet with this issue and just hard to put your finger on. I don’t know if it’s this particular ALJ has got too many things on his plate. That seems to be what the issue is. And so we’ll continue to try to push as much as we can. But I think at this point, as long as we get a reasonable decision from the commission we’ll be fine with it. And it does create this lumpiness. It makes it difficult for analysts on track, but we do understand they’ve got staffing issues that we’re trying to deal with too.

Jonathan Reeder: Yes. I mean do you think it’s appreciated at the top of the house with the commission, like I mean I think President Reynolds, when she was brought in one of our task was to try to get timely decisions out there. Do you think she has an understanding of the extent of the delays at the water side? Or it’s just €“ is water really taken a backseat at the commission to all of the energy policy stuff?

Bob Sprowls: Well, I think she’s aware that there’s been delays on the water rate base. How that fits into her do list. It is €“ I always defend the commission on this particular standpoint. California is a huge state. We’ve got five commissioners that have to basically deal with line up California with what you see on the East Coast. And how many commissions are they doing with the issues that one commission in California standpoint. You may have, what, seven or eight state commissions. So I do have a great appreciation for the difficulties and the challenges that the commission has to deal with. I’m not happy that our case is being delayed. I don’t completely understand it, but I believe that group, the CPUC works hard and they try to get things done on time, et cetera, just perhaps it’s more things to do than time to do it.

Jonathan Reeder: Yes. Well, you’re patient person Bob. Hopefully, your patient is rewarded here and we can get some proposed decisions on the two big ones out here shortly. So good luck. Appreciate you taking my call and the update today.