Tag: Arizona Public Service
FirstEnergy scandal is latest example of utility corruption, deceit
Utilities have deceived public officials and investors to grow profits, occasionally leading to criminal investigations and prosecution.
Utilities that operate coal plants in the Western U.S. face growing water supply risks
Electric utilities that operate coal plants in the American West face growing water supply risks, as climate change fuels hotter and drier conditions.
Major banks announce new policies to help push utilities away from coal
Key Points: Major financial institutions have announced new policies that limit how they do business with companies that remain reliant on coal. Leading financial institutions’ coal exclusion policies assess electric...
Utility CEOs received over $1 billion in executive compensation from 2017 – 2019
Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.
Caught in patchwork of policies and pledges, some utility customers may still be awaiting electricity restoration or racking up fees
A mosaic of state policies and voluntary pledges has meant that the effects of missing a utility payment are playing out unevenly across the country.
Morgan Stanley: Duke, other utilities ignoring profit opportunity by failing to decarbonize rapidly
Morgan Stanley analysts say utilities can grow earnings by accelerating coal-to-renewables switch, but some utilities are letting the opportunity slip away.
Arizona Public Service announces 100% clean energy goal, saying it will “eliminate all fossil fuels”
Arizona’s largest investor-owned utility announced today that it will close its coal plants and increase its use of renewable energy over the next decade, ultimately aiming for 100% clean energy...
Growing number of elected Democrats in Arizona won’t take money from APS
A growing number of elected Democrats in Arizona say they won’t accept campaign funding from Arizona Public Service, the utility that has come under fire for its massive spending on...
Financial analysts expect decarbonization will benefit utility ratepayers and shareholders
Replacing coal with renewable energy could save customers $8 billion each year
Strings Attached: How utilities use charitable giving to influence politics and increase investor profits
Download full report Arizona Public Service Arizona Public Service Company sells electricity to 1.2 million customers in Arizona. The company is a wholly-owned subsidiary of Pinnacle West, and provides “essentially...