Anne Ryman is an award-winning journalist and Arizona resident since 1991
PHOENIX — You might need to budget more to keep your lights on if you’re an Arizona Public Service customer.
Skiff worries that if the Arizona Corporation Commission approves APS’s 11% proposed increase, that could hike her bill to nearly $500 a month.Last year, Arizona's record-breaking heat helped drive a 22% increase in third-quarter profit for Pinnacle West Capital Corp., the publicly traded company that owns APS.
"There's been a variety of different global events: the war in Ukraine, winter storms in Texas, that have driven costs up for natural gas, as well as just general resource scarcity in the western United States,” Kelly said. His calculations show APS ratepayers already paid 12% higher rates in the third quarter of last year than in the same quarter in 2022, mainly because of the increases in the power supply adjustment and the new court resolutions surcharge.In response, APS said that line-items like the power supply adjustor and the court surcharge added 8.7% to bills last year. The changes reflect actual costs incurred to provide reliable service to customers, APS said.
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