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Arizona Regulators Recommend Rejecting Cut to APS’s Solar Rates

Oct. 1 (Bloomberg) -- Arizona regulatory staff recommended rejecting a proposal to reduce the price the state’s largest utility must pay for solar power produced by its customers.

Arizona Corporation Commission staff said changes to Arizona Public Service’s solar policies that affect customers with rooftop solar plants should be considered in a formal rate case, according to a memo yesterday.

Arizona Public Service, a Phoenix-based unit of Pinnacle West Capital Corp., said the staff’s recommendations “are a starting point but don’t go far enough,” in a statement today.

Link to Statement:{NSN MU06UC3RXUKG <GO>}

Link to Company News:{$PLT2WTPX US <Equity> CN <GO>} Link to Company News:{PNW US <Equity> CN <GO>}

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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