September 21, 2014 6:59 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 5,908 pole miles of overhead lines and approximately 49 miles of underground lines; and distribution facilities comprise approximately 11,399 miles of overhead lines and approximately 17,758 miles of underground primary cable. The company owns or leases approximately 6,394 megawatts of regulated generation capacity, as well as purchases renewable energy. It serves approximately 1.2 million customers...

400 North Fifth Street

PO Box 53999

Phoenix, AZ 85072

United States

Founded in 1920

6,352 Employees





Key Executives for Arizona Public Service Co.

Age: 59
Chief Financial Officer
Age: 56
Chief Operating Officer and Executive Vice President
Age: 58
Chief Accounting Officer
Age: 58
Chief Information Officer and Vice President
Compensation as of Fiscal Year 2014.

Arizona Public Service Co. Key Developments

Arizona Public Service Co. Reports Earnings Results for the Second Quarter of 2014

Arizona Public Service Co. reported earnings results for the second quarter of 2014. For the quarter, the company reported net income attributable to common shareholder of $134.9 million versus earnings of $133.9 million in the similar 2013 period.

Federal Energy Regulatory Commission Approves Arizona Public Service Company's Settlement in 2011 Southwest Blackout Case

The Federal Energy Regulatory Commission (FERC) approved a stipulation and consent agreement between FERC’s Office of Enforcement and the North American Electric Reliability Corporation (NERC) and Arizona Public Service Company that includes a $3.25 million civil penalty and a number of compliance requirements. The agreement resolves FERC Enforcement staff’s and NERC’s investigation into APS’s involvement in the Sept. 8, 2011 Southwest blackout. Since the blackout, APS has worked cooperatively with Enforcement staff and NERC, as well as on its own, to improve reliability. APS stipulated to the facts in the agreement and will pay a civil penalty of $3.25 million; $2 million will be evenly split between the U.S. Treasury and NERC and $1.25 million will be invested in reliability enhancement measures that go beyond mitigation of the violations and the requirements of the mandatory Reliability Standards.

Arizona Public Service Co. Partners with Luke AFB on New Solar Power Plant

Arizona Public Service Co. has partnered with Luke Air Force Base on a new solar power plant to be built on 100 acres of land on the base. Construction of the 10-megawatt facility - part of the APS AZ Sun Program - is expected to begin in the fourth quarter of this year. APS is leasing the land from Luke AFB as part of an energy Enhanced Use Lease.

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