Commitments

12 Months Ended

Dec. 31, 2019

GSWC’s Water Supply:

GSWC has contracts to purchase water or water rights for an aggregate amount of $4.1 million as of December 31, 2019. Included in the $4.1 million is a commitment of $2.1 million to lease water rights from a third party under an agreement which expires in 2028. The remaining $2.0 million is for commitments for purchased water with other third parties, which expire through 2038.

GSWC’s estimated future minimum payments under these purchased water supply commitments at December 31, 2019 are as follows (in thousands):



2020	$	417
2021	417
2022	417
2023	417
2024	417
Thereafter	2,031
Total	$	4,116

Bear Valley Electric Service:

Generally, BVES purchases power at a fixed cost, under long-term purchased power contracts, depending on the amount of power and the period during which the power is purchased under such contracts. BVES began taking power pursuant to purchased power contracts approved by the CPUC effective in the fourth quarter of 2019 at a fixed cost over three and five-year terms depending on the amount of power and period during which the power is purchased under the contracts. As of December 31, 2019, GSWC's commitment under BVES's contracts totaled approximately $26.3 million.

See Note 16 for Registrant’s future minimum payments under long-term non-cancelable operating leases.