KJZZ is a service of Rio Salado College,
and Maricopa Community Colleges

Copyright © 2024 KJZZ/Rio Salado College/MCCCD
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

SRP To Purchase Shares Of Palo Verde Nuclear Generating Station

Salt River Project has approved the purchase of new shares of the Palo Verde Nuclear Generating Station, which will help the utility meet a growing demand for power.

The purchase will give SRP a little more than a 20% share of the largest nuclear power plant in the United States, located about 50 miles west of downtown Phoenix. It will also help the company meet its sustainability goals: SRP is aiming to reduce its carbon emissions by 65% by 2035. 

"We have experience with Palo Verde," said Scott Harelson, a spokesman for SRP. "We’re already about a 17% owner of generation at the plant. It's a reliable base load, economical supply of energy for our customers, and it’s also non-carbon emitting."

The deal gives SRP more power during hot summer nights, without the expense of building a new power plant. 

Ron Dungan was a senior field correspondent at KJZZ from 2020 to 2024.