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What is Arizona Public Service mean?
Arizona Public Service (APS) is the largest electric utility in Arizona, United States, and the principal subsidiary of publicly traded S&P 500 member Pinnacle West Capital Corporation, which in turn had been formerly named AZP Group, when Arizona Public Service reorganized as that holding company in 1985. Pinnacle West Capital made a profit of $500 million in 2017.
With 4,000 MW of generating capacity, APS serves more than one million customers in 11 counties throughout most of the state, but mainly concentrated in northern and central Arizona. APS is one of the two major suppliers of electricity to the Phoenix metropolitan area (the other being Salt River Project (SRP)).
APS is regulated by the Arizona Corporation Commission (ACC), the state agency that, by mandate of Article 15, Section 2 of the state's constitution, regulates energy utilities in Arizona, with the notable exception of SRP, the rural electrical districts, and the City of Mesa electric utility serving Downtown Mesa and the immediate vicinity (with the rest of the city being served by SRP).
The holding company, Pinnacle West Capital, through its APS utility sells wholesale and retail power to the wider western United States and also provides energy-related services. Through another major subsidiary, Pinnacle West also developed and managed real estate in Arizona. Pinnacle West left the real estate business in 2010.
The utility company also operates three nuclear reactors. Its Palo Verde Nuclear Generating Station in Arizona, the largest nuclear plant in the U.S., came under scrutiny by the Nuclear Regulatory Commission in 2005 when operational problems began to cause prolonged outages.
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Automatic Provisioning System | Military and Defence |
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Posted on 07 Jan 2025, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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