APS Reports Earnings 6 Times Higher Than Last Year, Raising Concerns
APS’s parent company, Pinnacle West, reported Wednesday hefty first-quarter profits of more than $17 million — nearly six times higher than last year at this time.
The publicly-regulated company said the increase is due to a colder winter here in Phoenix. But with a recent APS rate hike on customers, there are some questions about that claim.
Arizona Republic reporter Ryan Randazzo covers APS, and he joined The Show to talk about this report.