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Trusted local news leader for Prescott area communities since 1882
2:29 PM Fri, Dec. 14th

Business in Brief: APS refunds, about $5 per home, on the way

Starting Friday, March 2, Arizona Public Service (APS) customers began seeing an average reduction of $5.40 on their monthly electric bill as a result of $119 million in federal corporate tax cuts, the company stated in a news release.

Anticipating federal tax reform, APS included a new adjustor in the company’s most recent rate review to pass savings directly back to customers.  These savings exceed the $95 million revenue increase from APS’s 2017 rate settlement.

Last week, the Arizona Corporation Commission approved this refund of $0.004912 per kWh beginning with March bills. The refund will appear as a line item on customer bills called the Tax Expense Adjustor Mechanism (TEAM). The calculation is based on energy usage (kilowatt-hour) and will vary month to month and customer to customer.

APS said it expects to refund customers additional savings from federal tax reform later this year, subject to the full impact of the new law and approval by the Corporation Commission.

Arizona Corporation Commission to consider proposed code of ethics

PHOENIX (AP) — The Arizona Corporation Commission is expected March 13 to consider a proposed code of ethics for the five-member utility regulatory body.

The code proposed Wednesday by Commissioner Boyd Dunn covers topics such as conflicts of interest, harassment, financial disclosure and public access to information.

Dunn led three workshops to get input from commissioners and others on what the code should include, and he asked that any comments be filed with the commission’s docket by March 9.

The proposal’s docket number is AU-00000E-17-0079.