U.S. probing power rates of Arizona Public Service

Screen Shot 2016-02-23 at 5.17.38 PMBy Jonathan Crawford | BloombergBusiness

Power rates charged by Arizona Public Service Co. and units of Fortis Inc. are under investigation by U.S. energy regulators who will decide whether the prices are just and reasonable.

In opening the probes, the Federal Energy Regulatory Commission said the companies had failed to prove that they weren’t capable of unfairly raising prices using their market power in the Tucson, Arizona, region.

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