American States Water Company shares fall 1.71% after-hours as California Public Utilities Commission reports water supply deficit.

American States Water Company dropped 1.71% in after-hours trading, following the California Public Utilities Commission's adoption of Phase 2 Demand and Supply Estimates for the Monterey Peninsula Water Supply Project. The report highlights a projected water supply deficit of approximately 815 million gallons per year by 2050, underscoring the need for new, robust, drought-proof water supply resources for the Monterey Peninsula.