Arizona Corporation Commission

Global Water Resources Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024
Consensus, Global Water Foundation, Acquisition, Administrative law, Administrative law judge, United States census, Senior, Intel, MSA, Weather, Rate, Water, Growth, Farmer, Consensus decision-making, Hope, University, Safety, GAAP, Fleming, TSMC, Arizona Corporation Commission, ACC, Newmark Group, Housing, CMA, Employment, Renewable energy

PHOENIX, March 06, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • PHOENIX, March 06, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the fourth quarter and full year ended December 31, 2023.
  • Water consumption increased 19.4% to 0.90 billion gallons in the fourth quarter of 2023.
  • Recycled water volume increased 12.6% to 818 million gallons in the fourth quarter of 2023.
  • Global Water Resources will hold a conference call tomorrow to discuss its fourth quarter and full year 2023 results, including a question-and-answer period.

Fortis Inc. Reports Fourth Quarter & Annual 2023 Results

Retrieved on: 
Friday, February 9, 2024
ITC, UNS, File, Carbon, Transport, Electricity, Capital expenditure, Tucson Electric Power, Fortis, MISO, Arizona Corporation Commission, Growth, Investment, Retirement, Corporation, GAAP, Sale, FortisBC, UNS Energy, Safety, Depreciation, Coal, Legislation, GHG, FTS, Economic development, TEP, Renewable energy

ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2023 fourth quarter and annual financial results1.

Key Points: 
  • ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2023 fourth quarter and annual financial results1.
  • On November 1, 2023, the sale of Aitken Creek closed for approximately $470 million including working capital and closing adjustments.
  • Adjusted net earnings attributable to common equity shareholders2 ("Adjusted Net Earnings") reflects results for Aitken Creek through the March 31, 2023 effective date.
  • For the fourth quarter of 2023, Adjusted Net Earnings were $350 million, or $0.72 per common share, comparable with the same period in 2022.

New UniSource Electric Rates Support Investments in Safe, Reliable Service

Retrieved on: 
Thursday, January 18, 2024
Energy, Other Energy, Utilities, Oil, Gas, FTS, Weather, Reach Out Worldwide, UNS Energy, Investment, UniSource Energy Services, Arizona Corporation Commission, Fortis, Renewable energy

New electric rates for UniSource Energy Services customers will take effect Feb. 1 to help cover rising costs and support ongoing investments in safe, reliable service.

Key Points: 
  • New electric rates for UniSource Energy Services customers will take effect Feb. 1 to help cover rising costs and support ongoing investments in safe, reliable service.
  • The new rates reflect more than $330 million the company has invested since then to maintain reliable service.
  • “After more than seven and a half years without a base rate increase, we need new rates to support our ongoing investments in safe, reliable service,” said Susan Gray, UniSource’s President and CEO.
  • This new System Reliability Benefit mechanism will support investments that help preserve affordable, reliable service for customers.

Global Water Resources Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Phoenix metropolitan area, Water, MSA, CMA, Fleming, Weather, Border Security, Economic Opportunity, and Immigration Modernization Act of 2013, Global Water Security & Sanitation Partnership, Housing, Rate, Bureau of Labor Statistics, EBITDA, Experimental Mine, U.S. Bureau of Mines, Jackson National Life, GAAP, Arizona Corporation Commission, Acquisition, Senior, City, Growth, University, Intel, Employment, Global Water Foundation, Depreciation, TSMC, Procter & Gamble, Investment, Office of Economic Opportunity, ACC, Cryptocurrency, Bottled water, Renewable energy, Tourism, Bank, Farmer, Phoenix

PHOENIX, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the third quarter ended September 30, 2023.

Key Points: 
  • PHOENIX, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the third quarter ended September 30, 2023.
  • “In Q3, we achieved strong double-digit top-line and bottom-line growth,” stated Global Water Resources president and CEO, Ron Fleming.
  • Global Water Resources was founded 20 years ago with a bold mission to address the issue of water scarcity for emerging desert communities.
  • Global Water Resources will hold a conference call tomorrow to discuss its third quarter 2023 results, followed by a question-and-answer period.

NW Natural Holdings Reports Third Quarter 2023 Results

Retrieved on: 
Friday, November 3, 2023
Energy, Utilities, Oil, Gas, Water, NYSE, PGA, Mist, Acquisition, Maintenance, NW Natural, Hiland, Arizona Corporation Commission, RNG, NWN, Natural gas, Dredging, Renewable energy, Cryptocurrency, Cerbat mustang

In October 2023, NW Natural Water closed its acquisition of Rose Valley Water Company in Peoria, Arizona, a major suburb northwest of Phoenix.

Key Points: 
  • In October 2023, NW Natural Water closed its acquisition of Rose Valley Water Company in Peoria, Arizona, a major suburb northwest of Phoenix.
  • NW Natural Water expects to close the Truxton and Cerbat acquisition in the coming weeks adding nearly 1,400 water utility connections.
  • NW Natural Water launched its services business in April 2023.
  • NW Natural Holdings' third quarter results are summarized by business segment in the table below:
    Three Months Ended September 30,

Looking Ahead: New APS Plan Addresses Growing Customer Energy Needs

Retrieved on: 
Thursday, November 2, 2023
Other Energy, Utilities, Coal, Alternative Energy, Energy, Nuclear, APS, Data analysis, NYSE, PNW, IRP, Organization, Arizona Corporation Commission, Atmosphere, Electricity, Wind, Growth, Investment, Renewable energy, Operation

APS filed the 2023 APS Integrated Resource Plan (IRP) at the Arizona Corporation Commission today.

Key Points: 
  • APS filed the 2023 APS Integrated Resource Plan (IRP) at the Arizona Corporation Commission today.
  • The 2023 IRP provides a 15-year outlook on how much electricity APS customers will need and what investments are necessary to address those needs with around-the-clock energy amid unprecedented growth of people and businesses moving to Arizona.
  • APS resource planners used extensive modeling and data analysis to develop forecast projections for energy demand.
  • Over the next several years, APS customers will benefit from careful planning that ensures reliability, maintains affordability and secures increasing amounts of cost-effective renewable energy.

UniSource Plans Resource Expansion to Preserve Reliable Electric Service for Customers

Retrieved on: 
Wednesday, November 1, 2023
Environment, Utilities, Oil, Gas, Alternative Energy, Energy, Climate Change, Weather, Integrated Resource Plan, FTS, UNS Energy, UniSource Energy Services, IRP, Face, Carbon, Arizona Corporation Commission, Wind, UNS, Growth, Reach Out Worldwide, Natural gas, Fortis, ACC, Renewable energy

UniSource Energy Services plans to more than double its electric energy resources over the next 15 years with new wind, solar, natural gas and storage systems that can support continued reliability amid increasing resource constraints on the regional electric grid.

Key Points: 
  • UniSource Energy Services plans to more than double its electric energy resources over the next 15 years with new wind, solar, natural gas and storage systems that can support continued reliability amid increasing resource constraints on the regional electric grid.
  • UniSource’s 2023 Integrated Resource Plan (IRP), filed today with the Arizona Corporation Commission (ACC), describes how the company expects to satisfy customers’ increasing energy needs over the next 15 years.
  • Reliable energy is becoming increasingly unavailable in the desert Southwest during extreme summer heat, requiring UniSource to develop its own dedicated resources to ensure continued service when customers most need it.
  • UniSource provides electric service to more than 101,000 customers in Mohave and Santa Cruz Counties.

TEP Targets Net Zero Carbon Emissions, Faster Clean Energy Expansion in New Resource Plan

Retrieved on: 
Wednesday, November 1, 2023
Environment, Utilities, Sustainability, Alternative Energy, Environmental Health, Energy, TEP, Solar energy, Weather, Integrated Resource Plan, FTS, UNS Energy, Coal, IRP, Climate, Carbon, Arizona Corporation Commission, Wind, UNS, Fortis Inc., Growth, Electric power, Tucson Electric Power, CO2, Investment, ACC, Renewable energy

Tucson Electric Power (TEP) will accelerate its clean energy expansion to support anticipated growth and maintain affordable, reliable service as the company works toward a new aspirational goal: net zero direct greenhouse gas emissions by 2050.

Key Points: 
  • Tucson Electric Power (TEP) will accelerate its clean energy expansion to support anticipated growth and maintain affordable, reliable service as the company works toward a new aspirational goal: net zero direct greenhouse gas emissions by 2050.
  • “Our new resource plan strikes the right balance for our customers, our community and our planet,” said Susan Gray, TEP’s President and CEO.
  • The new timeline also capitalizes on the availability of federal clean energy tax credits that could reduce long-term costs for customers.
  • TEP projects that its customers’ peak energy demands will increase by more than 1 percent per year, on average, over the next 15 years.

Fortis Inc. Releases Third Quarter 2023 Results

Retrieved on: 
Friday, October 27, 2023
TEP, Government, Gold, BCUC, AUC, Government of Canada, FortisBC, Coal, Saunders-Roe Princess, MISO, Fortis, ITC, Carbon, Arizona Corporation Commission, ROE, GAAP, Midcontinent Independent System Operator, Investment, Other Electricities, Ministry of Energy (Alberta), PAR, Growth, Common, National Capital Planning Commission, Inflation Reduction Act of 2022, PBR, Income tax, Silver, Non-U.S. operators of the M60 Patton, Corporation, Electricity, Economic development, GHG, Lake Erie, Inflation, Acceleration, Renewable energy, Airline, Bank, Reinsurance

ST. JOHN'S, Newfoundland and Labrador, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its third quarter results1.

Key Points: 
  • In August 2023, FortisBC Energy commenced construction of the Eagle Mountain Woodfibre Gas Line project.
  • In October 2023, TEP announced the Roadrunner Reserve project, the largest battery energy storage system in TEP's portfolio.
  • The ROE for 2024 is expected to be determined in the fourth quarter of 2023, with updates annually thereafter.
  • Fortis presents these non-U.S. GAAP measures because management and external stakeholders use them in evaluating the Corporation's financial performance and prospects.

Strategen Consulting Announces Matthew McDonnell and Edward Burgess as New Partners

Retrieved on: 
Tuesday, October 24, 2023
Partner, Policy, National Integration Council, Feed the Future Initiative, Public utilities commission, Arizona Corporation Commission, Distributed generation, DER, Environmental Defense Fund, Utility, Princeton University, Growth, Consultant, Michigan State University, Sim Van der Ryn, University, Generator, Schlegel, Hawai, Navigant Consulting, McDonnell Aircraft Corporation, Chemistry, Nursing, Renewable energy, Arizona State University

SACRAMENTO, Calif., Oct. 24, 2023 /PRNewswire/ -- Strategen Consulting, Inc. has named Matthew McDonnell and Edward Burgess as new firm partners.

Key Points: 
  • SACRAMENTO, Calif., Oct. 24, 2023 /PRNewswire/ -- Strategen Consulting, Inc. has named Matthew McDonnell and Edward Burgess as new firm partners.
  • We are truly blessed to have them as our newest Partners," Janice Lin, Strategen Founder and Chief Executive Officer, said.
  • Matt has been named Partner and Executive Vice President, Head of Consulting Services.
  • At Arizona State, he also helped to launch the university's Energy Policy Innovation Council and Utility of the Future Initiative.