Arizona regulators are moving to reduce the potential profits of the state’s largest electricity provider as part of a pending rate-setting case that also includes major coal-related issues.
The Corporation Commission voted 4-1 Wednesday to reduce Arizona Public Service Co.’s authorized profit on expenses to 8.7%, from 10%. Commissioner Justin Olson said a 8.7% return was an appropriate response to the utility’s performance on customer issues. The commission voted to further consider whether to charge ratepayers for emissions upgrades to the Four Corners Generating Station in New Mexico, and on whether to use ratepayer money to pay $100 million to Navajo Nation communities affected by coal plant closures.
Arizona’s three largest electric utilities are asking customers to reduce power use as a heat wave cooking the West sends demand soaring. Arizona Public…
Arizona Public Service Company’s plan to end all of its coal power generation by 2031 is expected to take a heavy economic toll on tribal communities.…
Federal regulators say they and the operator of an Arizona nuclear power plant have resolved apparent violations involving safe handling and storage of…
A fire and explosion in April 2019 halted the expansion of batteries for Arizona Public Service Co., but the state’s largest utility has restarted the…
A 3-2 vote by the Arizona Corporation Commission puts the regulatory panel on course to further restrict utility shut-offs for nonpayment during extreme…