American States Water Co. is an American water and electricity utility company. It was founded in 1929 and is headquartered in San Dimas, California. The company has 50-year privatization contracts with U.S. government as a government contractor for its water system service. It is the water utility provider for about 246,000 customers and the electricity provider for over 23,000 customers in Big Bear Lake and California under the name Bear Valley Electric. As of February 2014, the company has a market capitalization of $1.12 billion and an enterprise value of 1.42 billion. It operates its business through three segments including water, electric and contracted service.