CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Operating Revenues
Water	$ 80,151	$ 72,816	$ 144,477	$ 128,873
Electric	7,710	7,845	18,434	18,824
Contracted services	21,968	14,815	41,225	36,245
Total operating revenues	109,829	95,476	204,136	183,942
Operating Expenses
Water purchased	12,924	13,564	21,585	21,566
Power purchased for pumping	2,165	2,047	3,701	3,603
Groundwater production assessment	3,886	2,664	6,512	5,286
Power purchased for resale	2,854	2,876	6,729	6,545
Supply cost balancing accounts	4,245	4,686	9,324	8,501
Other operation expenses	6,946	7,262	13,863	13,946
Administrative and general expenses	18,305	16,568	37,289	35,196
Depreciation and amortization	9,538	8,365	19,275	16,724
Maintenance	4,623	4,375	8,349	8,568
Property and other taxes	3,406	3,281	6,958	6,903
ASUS construction expenses	11,926	8,633	23,545	16,801
(Gain) loss on sale of property	(128)	5	(128)	2
Total operating expenses	80,690	74,326	157,002	143,641
Operating Income	29,139	21,150	47,134	40,301
Other Income and Expenses
Interest expense	(6,869)	(5,870)	(12,613)	(11,528)
Interest income	161	158	298	819
Other	(289)	(69)	(209)	(5)
Total other income and expenses	(6,997)	(5,781)	(12,524)	(10,714)
Income from continuing operations before income tax expense	22,142	15,369	34,610	29,587
Income tax expense	9,414	6,499	14,927	12,427
Income from continuing operations	12,728	8,870	19,683	17,160
Income from discontinued operations, net of tax	3,234	105	3,868	305
Net Income	15,962	8,975	23,551	17,465
Basic Earnings Per Common Share
Income from continuing operations (in dollars per share)	$ 0.68	$ 0.47	$ 1.05	$ 0.92
Income from discontinued operations (in dollars per share)	$ 0.17	$ 0.01	$ 0.20	$ 0.02
Net Income - Basic (in dollars per share)	$ 0.85	$ 0.48	$ 1.25	$ 0.94
Fully Diluted Earnings Per Share
Income from continuing operations (in dollars per share)	$ 0.68	$ 0.47	$ 1.05	$ 0.91
Income from discontinued operations (in dollars per share)	$ 0.17	$ 0.01	$ 0.20	$ 0.02
Net Income - Diluted (in dollars per share)	$ 0.85	$ 0.48	$ 1.25	$ 0.93
Weighted Average Number of Shares Outstanding (in shares)	18,668	18,576	18,658	18,561
Weighted Average Number of Diluted Shares (in shares)	18,738	18,720	18,797	18,695
Dividends Declared Per Common Share (in dollars per share)	$ 0.28	$ 0.26	$ 0.54	$ 0.52
GOLDEN STATE WATER COMPANY
Operating Revenues
Water	80,151	72,816	144,477	128,873
Electric	7,710	7,845	18,434	18,824
Total operating revenues	87,861	80,661	162,911	147,697
Operating Expenses
Water purchased	12,924	13,564	21,585	21,566
Power purchased for pumping	2,165	2,047	3,701	3,603
Groundwater production assessment	3,886	2,664	6,512	5,286
Power purchased for resale	2,854	2,876	6,729	6,545
Supply cost balancing accounts	4,245	4,686	9,324	8,501
Other operation expenses	5,842	6,369	11,556	12,258
Administrative and general expenses	14,922	13,476	29,784	28,373
Depreciation and amortization	9,321	8,181	18,837	16,363
Maintenance	4,006	4,001	6,990	7,599
Property and other taxes	3,113	3,013	6,272	6,160
(Gain) loss on sale of property	(128)	5	(128)	5
Total operating expenses	63,150	60,882	121,162	116,259
Operating Income	24,711	19,779	41,749	31,438
Other Income and Expenses
Interest expense	(6,685)	(5,752)	(12,298)	(11,332)
Interest income	155	156	290	306
Other	(477)	(65)	(399)	(8)
Total other income and expenses	(7,007)	(5,661)	(12,407)	(11,034)
Income from continuing operations before income tax expense	17,704	14,118	29,342	20,404
Income tax expense	7,699	6,024	12,935	8,746
Net Income	$ 10,005	$ 8,094	$ 16,407	$ 11,658