Utility companies use General Rate Case (GRC) proceedings to increase consumer electricity prices to ask for an increase in rates on the basis of its total cost of providing service. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses. "The first quarter proved to be a strong start to our year and continued to build on the momentum of a growing and diverse customer base," said Pinnacle West Chief Executive Officer Jeff Guldner, in a statement, citing 1.8% year-over-year customer growth and weather-normalized sales growth of 5.9%.
Improved quarterly results impacted by customer growth, increased sales and new rates
APS employees focus on summer preparedness, reliability and resilience
Company reaffirms full-year 2024.
Pinnacle West Capital Posts Q1 Profit on Customer Growth, New Rates usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.