Arizona AG Kris Mayes is formally opposing Arizona Public Service’s proposed 14% rate hike, warning it would pile on costs for families already paying some of the highest power bills in the country. (Utility Dive)
APS is seeking a $579M increase to cover system upgrades, grid tech, battery storage, and security investments. It also wants to adopt a formula rate plan tied to its requested 10.7% return on equity.
The AG and advocacy groups argue the ROE is excessive and that formula rates reduce oversight. Mayes says she may push for lower rates, though she doubts regulators will break from their utility-friendly track record.