Arizona AG Fights 14% APS Rate Hike, Proposes 3%
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Arizona Attorney General Kris Mayes is advocating for a more reasonable three percent rate hike from Arizona Public Service, instead of the proposed fourteen percent. This change would save customers around five hundred twenty-four million dollars annually, or approximately two hundred twenty dollars per household. Mayes argues that the original plan is excessive and benefits shareholders more than necessary. The testimony, supported by Mark Ellis from the American Economic Liberties Project, highlights APSs use of inflated growth rates and risk estimates in their financial models. The Arizona Corporation Commission will review the matter in open hearings.
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