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Stock impact report

Some Arizonans Face Rising Power Bills and a New Fee for Going Solar [CNET News]

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: CNET News
Energy bills are going up in Arizona, and not just because air conditioners are about to start working harder. Thanks to an electricity rate hike approved Feb. 22 , utility customers of the Arizona Public Service Company will see their bills rise about 8%, or $10 per month for the typical customer, according to APS. One member of the Arizona Corporation Commission, which approved the plan, told reporters that the actual cost to customers wasn't entirely clear, but that it should be very close to 8%. APS serves a large geographic area, including much of the Phoenix area. Also new: a charge for utility customers with rooftop solar panels in the APS service area. The charge will be between two and three dollars per month for a 10 kilowatt system , according to APS's website. The fee applies to all solar customers, including those who decided to go solar when the rules were different. That's not always the case. Changes to California's solar policies triggered a flood of installati Show less Read more
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