PHOENIX – Arizona’s largest electric utility company is seeking a rate hike that would increase residential bills by an average of 11%.
Arizona Public Service (APS) President Ted Geisler said the impact would be closer to 7.5-8.5% for most residential customers, or about $10-$15 per month. He said current rates are still based on 2018 levels.
“This is about really updating rates to reflect the costs of service today and ensuring that we can begin recovering the cost for infrastructure that’s already in place so that we can continue to invest in the grid and prepare for the future,” Geisler told KTAR News 92.3 FM’s Arizona’s Morning News on Wednesday, a day before the Arizona Corporation Commission was expected to vote on the proposal.
APS initially filed a request for fee changes with …
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