Phoenix-based Arizona Public Service (APS) has received approval for its AZ Sun Program by the Arizona Corporation Commission.
Through the expected four-year life of the program, APS plans to invest up to $500 million for 100 MW of turnkey photovoltaic power plants across Arizona. Developers will be selected to build the plants, which APS will own. The plants will be selected through competitive procurement processes.
Until the costs of the first 50 MW of the AZ Sun Program are recovered in base rates, the costs will be recovered through the existing renewable energy surcharge, APS says. Costs for the remaining 50 MW will be recovered through an adjustment mechanism, to be determined in APS' next retail rate case. APS expects to file this case in June 2011.
SOURCE: Arizona Public Service