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APS files second request to lower bills through federal tax reform
Customers will receive an additional $86.5 million in savings, if approved
PHOENIX – APS customer savings from federal tax cuts could soon reach almost $8 per month, on average, if a second APS tax cut request is approved. Last March, APS began returning $119 million in tax savings to customers via an adjustor on monthly bills and indicated additional savings might be available as federal tax reform took full effect. In August, APS filed a second request with the Arizona Corporation Commission to return an additional $86.5 million in tax savings to customers, starting Jan. 1, 2019. If approved, this second wave of savings from tax cuts will lower APS customers’ monthly bills an additional $3.26, on average.
These federal tax savings are reflected in the Tax Expense Adjustor line item on monthly bills. Through adjustors like these, APS passes variable costs and savings directly to customers so bills better reflect the actual costs to serve them. Adjustors impact every customer’s bill differently based on their service plan and energy use.
If approved, this second wave of savings from tax cuts will lower APS customers’ monthly bills an additional $3.26, on average.
Information about plan options and how to maximize each plan’s benefits is available at aps.com/plans.
APS serves about 2.7 million people in 11 of Arizona’s 15 counties, and is the Southwest’s foremost producer of clean, safe and reliable electricity. Using a balanced energy mix that is nearly 50 percent carbon-free, APS has one of the country’s cleanest energy portfolios, including both Palo Verde Generating Station and renewable energy. The company is also a proven leader in introducing technology and services that offer customers choice and control over their energy consumption. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW).