7/11/2023 0 Comments Steep by steep download![]() That's nearly double what the next-high paid CEO earns off each customer, based on countries that publish such data.Īmerican States, which provides water to a number of U.S. 1 when it comes to how much each individual water company customer pays a CEO - about $3.36 of every paid bill currently goes to him, per Global Water Intelligence. In fact, while a few water company chiefs earned more, he’s No. Part of the cash goes straight to the top: Robert Sprowls, longtime president and CEO of American States, earned $3.4 million in salary and bonuses last year. Net earnings for Golden State and its parent company, American States Water Company, were $78 million in 2022. The latest hikes would yield an estimated $54 million more in revenues, in addition to nearly $341 million earned from water customers last year. The latest increases, set to be voted on Thursday, would come atop nearly 18% increases imposed from 2018 to 2021, and decades worth of hikes before that. And once again, the California Public Utilities Commission is poised to approve a legal agreement that would raise rates, this time by nearly 14% for her community through 2024, and on average by 15% across the company’s service area, from parts of Sacramento and Simi Valley to Los Angeles and Orange County suburbs, and desert communities like Lucerne and Apple Valley. ![]() ![]() Once again, Golden State Water Company, the investor-owned utility that serves her and more than 1 million customers in 80 communities across California, has asked for rate increases. ![]() Juarez and her neighbors soon could face even higher bills. With summer water bills that can approach $200 a month, “that’s just water down the drain. Diana Juarez’ granddaughters, 9 and 11, want her to buy them a kiddie pool to splash in on triple-digit days in Niland, a tiny town tucked in California’s blisteringly hot southeastern corner.
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