Arizona Public Service President Ted Geisler told KTAR News 92.3 FM’s Arizona’s Morning News the net impact on an average residential customer would be about 13.6%, or roughly $18 per month, if suggested reductions are applied.
“We know there’s never a good time to raise rates for customers … our goal is to continue to keep up with Arizona’s energy growth but keep it affordable as well,” Geisler said.The increase would bring in a net revenue of about $460 million. If approved by Arizona Corporation Commission, the new rates would take effect Dec. 1.
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