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Stock impact report

APS Asking Corporation Commission to Approve More Savings for Customers

Pinnacle West Capital Corporation (PNW) 
Last pinnacle west capital corporation earnings: 2/21 08:40 am Check Earnings Report
US:NYSE Investor Relations: pinnaclewest.com/investors
Company Research Source: Business Wire
Federal tax reform to deliver more than $100 a year in total savings for average electricity user PHOENIX--(BUSINESS WIRE)-- APS is seeking Arizona Corporation Commission approval to once again lower customer rates as a result of federal tax reform. This request will be the final of three adjustments related to federal corporate tax cuts. Once approved, this latest reduction will bring the overall savings from the tax expense adjustor to nearly $9 per month, or $108 a year, for a customer using the average amount of electricity. Customers started receiving these tax savings in March 2018, and a second wave took effect beginning with their bills in April 2019. The savings will vary based on actual usage and appear on monthly bills as a line item called “Tax Expense Adjustor.” Additional savings from lower APS operating costs and an innovative energy trading program, combined with the tax reform re Show less Read more
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