By Ryan Randazzo | The Republic | azcentral.com
Arizona Public Service Co. investors are watching closely as regulators prepare to address solar subsidies the utility provides, asking several questions Thursday about how it could affect profits.
APS’ parent company Pinnacle West Capital Corp. reported that its profit was down slightly during the third quarter of this year because of customer conservation, energy efficiency and from houses generating their own power with solar panels.
Company officials said rooftop-solar installations are expected to slow the company’s sales growth by about 0.5 percent a year, regardless of how regulators vote regarding rooftop solar subsidies. That will be offset by growth in the utility’s territory, officials said.
APS has been locked in a pitched political fight over its system of net metering, where solar customers get credit for the excess electricity they send to the power grid when their home appliances are not drawing the power.
If you’d like to discuss energy issues, contact Court Rich, director of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
