Arizona Public Service (APS), a principal subsidiary of Pinnacle West Capital Corp., has filed an application with the Arizona Corporation Commission to update its rates. This move is aimed at ensuring that APS can continue to provide reliable energy services to its 1.4 million customers across 11 of Arizona's 15 counties. The proposed rate adjustment is part of a public process expected to last over a year, with new rates potentially taking effect in the second half of 2026. The adjustments are intended to support system reliability enhancements, such as substation upgrades and smart grid technology implementation, to improve service resilience and efficiency, particularly during peak demand periods. In addition, APS continues to offer customers various rate plans and assistance programs to help manage their energy costs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.