The electric utility APS requested that the Arizona Corporation Commission approve a plan to return $119 million to customers based on federal corporate tax cuts, beginning in February.
The change would amount to roughly $4 a month per residential bill over the course of a year, and would offset some of the increase approved by the Corporation Commission in August. That plan estimated the average customer’s bill would increase about $6.
However, the actual change to each customer’s bill—from either the August increase or the proposed tax-cut relief—depends on electricity use and which of several new rate plans a customer is on.
The August rate increase was designed to bring in an additional $95 million a year — a 3.3 percent increase. It’s not yet clear how long the requested rebate would last, or whether it might go up or down a year from now.
“APS customers would receive the credit on their monthly bill,” the company said in a statement yesterday, adding that the adjustment would need to be re-examined next year. “APS anticipates additional tax cut savings will be available at a later date once the full impact of the new law is realized.”