In August, Arizona Public Service saw two peak energy demand records. That contributed to stronger third quarter earnings for the utility’s parent company.
It’s hard to say that earnings in the last three months wouldn’t have outpaced the same time last year without those record demand days. But overall, earnings are 2.5% lower so far this year than the same time frame of 2024.
Pinnacle West Capital Corp reported higher revenue this year, but higher interest expenses partially contributed to the lower net income.
Looking ahead, Pinnacle West continues to expect large industrial users like data centers and TSMC will make up 70%-80% of retail electricity sales growth next year.
The company’s CEO said natural gas is going to play a major role in fulfilling that demand from large users. APS announced a new gas plant last week.
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High speed internet is coming to Graham County with new broadband infrastructure. The project is part of a larger initiative by the Arizona Commerce Authority to expand broadband access in rural communities. -
The report says that growth comes despite the Trump administration rolling back solar incentives. -
Scottsdale is facing water uncertainties as it gets about 70% from the Colorado River. -
AG Kris Mayes formally disapproved of a rule the Arizona Corporation Commission approved in March that repealed renewable energy standards for utilities. -
As temperatures in metro Phoenix settle into the triple digits, a new report finds we should expect to pay more to cool our homes this summer.
