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August 30, 2015 7:23 PM ET

Electric Utilities

Company Overview of Arizona Public Service Co.

Company Overview

Arizona Public Service Company, a vertically-integrated electric utility, provides retail and wholesale electric services in Arizona. The company has ownership interests in or leases the coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities consist of approximately 5,909 pole miles of overhead lines and approximately 49 miles of underground lines; and distribution facilities comprise approximately 11,071 miles of overhead lines and approximately 17,908 miles of underground primary cable. The company owns or leases approximately 6,426 megawatts of regulated generation capacity, as well as purchases renewable energy. As of May 27, 2015, it served approximately 1...

400 North Fifth Street

PO Box 53999

Phoenix, AZ 85072

United States

Founded in 1920

6,279 Employees

Phone:

602-250-1000

Key Executives for Arizona Public Service Co.

Chairman, Chief Executive Officer, President, Chairman of Pinnacle West, Chief Executive Officer of Pinnacle West and President of Pinnacle West
Age: 60
Chief Financial Officer, Executive Vice President, Chief Financial Officer for Pinnacle West Capital Corp and Executive Vice President of Pinnacle West Capital Corp
Age: 57
Chief Operating Officer and Executive Vice President
Age: 59
Chief Accounting Officer, Vice President and Controller
Age: 59
Executive Vice President and General Counsel
Age: 62
Compensation as of Fiscal Year 2015.

Arizona Public Service Co. Key Developments

Arizona Public Service Company Enters into $50 Million Unsecured Term Loan

On June 26, 2015, Arizona Public Service Company entered into a $50 million unsecured term loan with Toronto Dominion (Texas) LLC, as Agent, Citibank, N.A., as Syndication Agent, and such institutions compromising the lenders party thereto. The obligations under the Term Loan will mature and become due and payable on June 26, 2018.

Arizona Public Service Completes Construction of Desert Star Solar Plant

Arizona Public Service and McCarthy Building Companies Inc. have announced the completion of construction of the Desert star solar plant. The event marked the inauguration of the ninth solar project to be constructed under APS's AZ Sun program. When complete this year, AZ Sun will generate enough solar energy to power more than 42,000 homes. Full commercial operations are expected to begin at the plant in July.

Arizona Public Service Completes Transmission Construction Projects in the West

Arizona Public Service recently completed work on transmission construction projects in the west - a 500-kilovolt (kV) power line that connects Phoenix to Yuma. The project will bolster the reliability for Yuma area customers and the entire desert southwest. The 110-mile transmission line runs from the Hassayampa substation (near the Palo Verde Nuclear Generating Station) to the North Gila substation in Yuma. Aptly called HANG2, the $200 million project is the second route connecting the Valley to Yuma. Construction planning for the HANG2 line began more than a decade ago, as Southwest Arizona's population began to rapidly expand. APS understood the essential need to increase the capacity to bring electricity into Yuma County. The HANG2 line meets this need.

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