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 customers bill differently based on their service plan and energy use.
With these bill credits from federal tax savings and new service plans introduced earlier this year, APS customers now have more ways to control and save on their bill. These include choosing the best available service plan for their individual needs and lifestyle and managing energy use to get the most from their plan.
Information about plan options and how to maximize each plans benefits is available at aps.com/plans.
APS serves about 2.7 million people in 11 of Arizonas 15 counties, and is the Southwests 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 countrys 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).
Media Contact: Suzanne Treviño, (602) 739-4955
Contact: Stefanie Layton, (602) 250-4541