Arizona Public Service’s parent company reported first-quarter sales growth that was well above average for the utility. The heat wave in March and February was a driving factor, but so was industry growth.
Pinnacle West reported that weather-normalized energy sales increased by 9.4%, compared to the same time last year.
Company leadership says that was largely due to an influx of commercial and industrial customers, notably from the data center and semiconductor industries.
Pinnacle West reports that the heat wave also meant people drew energy levels typically not seen until May.
The unusual growth comes as APS is seeking approval for a 14% rate increase in an ongoing case with the state, with those hearings starting next week.
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