Wednesday, June 1, 2011

APS Seeks 6.6% Rate Hike

Arizona Public Service Company is asking state regulators for a 6.6% rate increase. This would add about $8 to the average monthly bill if approved.

The company says it needs the extra money to help pay for system improvements and make it possible to use more smart technology.

The head of the Residential Utility Consumer Office says they will look into APS finances to see if the rate hike is warranted.

The Arizona Republic reports that state regulators will probably spend a year reviewing the rate increase request.

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