Arizona Corporation Commission Greenlights APS Rate Hike Despite Customer Concerns
The Arizona Corporation Commission has approved a requested 8% rate hike for APS, which could result in a $10-12 increase per month for typical residential customers. This decision follows a surge in demand for electricity last year, leading to a 22% increase in third-quarter profit for Pinnacle West Capital Corp., the owner of APS. The rate adjustment aims to support infrastructure upgrades and provide reliable energy, with increased assistance for vulnerable customers included in the plan.
