The state’s largest utility, Arizona Public Service, just completed three days of hearings before its regulators on the Arizona Corporation Commission.
APS had been requesting an increase in the rates its customers pay — to the tune of nearly 5% a month on average.
The prevailing winds going into this week indicated the utility was not going to be successful in a broader sense, and that proved to be the case.
On a 4-1 vote — with Republican Chair Lea Márquez Peterson the lone dissenter — the commission made a decision to cut the utility’s return on equity, which will reduce its profits.
The commission put off other important decisions, including those related to the Four Corners Power Plant.
To discuss what happened over the past few days, The Show spoke with Arizona Republic reporter Ryan Randazzo.
