APS Wants to Pass Federal Tax Cut on to Customers

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.”

Staff Writers
North Phoenix News staff writers and editors often work together to produce articles like this one.

Staff Writers

North Phoenix News staff writers and editors often work together to produce articles like this one.

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