The spectroscopic signatures of proton transfer in the water dimer cation were investigated. The six lowest electronic states were characterized along the reaction coordinate using the equation-of-motion coupled-cluster method with single and double substitutions for ionized systems. The nature of the dimer states was explained in terms of the monomer states using a qualitative molecular orbital framework. We found that proton transfer induces significant changes in the electronic spectrum, thus suggesting effective use time-resolved electronic femtosecond spectroscopy to monitor the dynamics following ionization. The electronic spectra at vertical and proton-transferred configurations include both local excitations (features similar to those of the monomers) and charge-transfer bands. Ab initio calculations were used to test the performance of a self-interaction correction for density functional theory (DFT). It is found that the corrected DFT/BLYP method is capable of reproducing the correct ordering of the (H2O)+2 isomers, and thus may be employed in calculations of larger systems.