American States Water (ticker: AWR, exchange: New York Stock Exchange (.N))
News Release -
13-May-2002
American States Water Company Announces Appointment of New Independent AuditorsSAN DIMAS, Calif., May 13, 2002 (BUSINESS WIRE) -- American States Water
Company (NYSE:AWR) announced today its determination on behalf of itself and its
subsidiary, Southern California Water Company, to dismiss its independent
auditors, Arthur Andersen LLP and to engage Pricewaterhouse Coopers LLP to serve
as its new independent auditors for 2002. The change becomes effective
immediately. This determination was recommended by the Audit Committee of
American States Water Company and approved by its Board of Directors.
American States Water Company is a holding company that, through its
subsidiaries, provides water service to 1 out of 30 Californians located within
75 communities throughout 10 counties in Northern, Coastal and Southern
California and to approximately 11,500 customers in the city of Fountain Hills,
Arizona and portions of Scottsdale, Arizona. The Company distributes electricity
to approximately 21,000 customers in the Big Bear recreational area of
California, and contracts with various municipalities and private entities in
both California and Arizona to provide services to an additional 90,000
customers.
CONTACT: American States Water Company
McClellan Harris III, 909/394-3600, Ext. 705
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