Arizona public service
We are talking about the subsidiary of Pinnacle West Capital Corporation in the electricity generation and distribution industry. The company is the largest electric utility in Arizona, United States. The company is headquartered in Phoenix, Arizona and was founded in 1885 having the 4,000 MW generating capacity and serving more than one million customers in 11 countries.
About its history
The first ever service in the area of Phoenix was offered by Phoenix Light and Fuel Company in 1884. Later the name was changed to Pacific Gas and Electric in 1906 and to Central Arizona Light and Power in 1920. The company was in profit and offered dividend for the coming 69 years further getting acquired by American Power and Light in 1925 and then merging with Northern Arizona Power and Light in 1949. The company in 1952 merged with Arizona Edison and finally changed it name to Arizona Public Service. In 1976, it traded its stock on the New York Stock Exchange earning profit.
Now they are regulated by the Arizona Corporation Commission (ACC) and the main company also operates three nuclear reactors with Palo Verde Nuclear Generating Station as the largest nuclear plant in the Arizona, United States under Nuclear Regulatory Commission in 2005.
Why they are so important?
We can say they have worked very well with strong commitment to their customers in one of the country’s fastest growing states as Arizona’s largest and longest serving electric utility. They have earned a great reputation in the field of customer’s satisfaction, shareholder value, business integrity and operational excellence.
In these 130 years of work they are managing out to keep electricity affordable and for this they have began to participate in the Energy Imbalance Market since October 2016 which offers them to better integrate renewable resources and optimize their ability to generate electricity in the most efficient and cost-effective manner for their customers.
What are they expecting in plan?
With new technologies, they are expecting to add 700,000 new customers by 2030. They are also thinking of sustainability business practice that will work on green program approaching economic, environmental and social implications.