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Arizona Public Service Company (Company) filed an Application with the Arizona Corporation Commission (Commission) for an order authorizing the Company to issue additional long-term debt by increasing the existing “cap” by $1.6 billion from $5.9 billion to $7.5 billion, and to continue its current authorizations regarding short-term debt and certain related financial instruments. The application also seeks declaratory relief as to the treatment of Variable Interest Entities and non-traditional forms of debt such as certain leases and other long-term service obligations. The application further seeks removal of the annual $150 million “cap” on equity infusions into the Company from its parent Pinnacle West Capital Corporation. The application is available for public inspection on the Internet via the Commission’s website (www.azcc.gov) using the e-Docket function, in Docket No. E-01345A-20-0063 and via the Company’s website (www.aps.com).

Intervention in the Commission’s proceedings on the Application shall be permitted to any person entitled by law to intervene and having a direct substantial interest in this matter. Persons desiring to intervene must file a Motion to Intervene with the Commission which must be served upon the Applicant and each party of record on the service list, which can be found in the Docket for the case and which, at a minimum, shall contain the following information:

 

  1. The name, address and telephone number of the proposed intervenor and of any person upon whom service of documents is to be made if different than the intervenor.
  2. A short statement of the proposed intervenor’s interest in the proceeding. 
  3. Whether the proposed intervenor desires a formal evidentiary hearing on the application and the reason for such a hearing. 
  4. A statement certifying that a copy of the Motion to Intervene has been mailed to the Applicants.
  5. The granting of Motions to Intervene shall be governed by A.A.C. R14-3-105, except that all Motions to Intervene must be filed within 15 days after the date of this notice.
  6. If the proposed intervenor is not represented by an attorney who is an active member of the Arizona State Bar, and is not representing himself or herself as an individual, sufficient information and any appropriate documentation to demonstrate compliance with Arizona Supreme Court Rules 31, 38, 39, and 42, as applicable.

The granting of Motions to Intervene shall be governed by A.A.C. R14-3-105, except that all Motions to Intervene must be filed within 15 days after the date of this notice. Information about what intervention means, including an explanation of the rights and responsibilities of an intervenor, is available on the Commission’s website (www.azcc.gov) by clicking on “Cases and Open Meetings” and then clicking on “Intervene in a Case.” The information includes a Sample Intervention Request and a Fillable Intervention Request Form.

 

Financing application

Current server address is 10.0.5.102