As states, especially California, try to solve the long-term water shortage problem, water utility companies and equipment providers should be getting quite a few calls from Governor Brown and Co. Here are a few in the small-cap arena: American States Water Company (AWR) is a public utility company that purchases, produces, distributes and sells water in California. The $526 million serves approximately 250,000 water customers. One billion-dollar Franklin Electric (FELE) designs, manufactures and distributes groundwater and fuel pumping systems, electronic controls and related parts and equipment. Consolidated Water Company (CWCO) uses reverse osmosis technology to produce fresh water from seawater.