NewsArizona Public Service (APS) has announced its goal to achieve 100% clean energy
January 22, 2020
Arizona Public Service Company (APS) announced a commitment to achieve 100% clean energy by 2050, with 65% coming from clean sources by 2030. All coal-fired generation will be ended by 2031 and the Palo Verde nuclear power plant will continue to operate.
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- APS plans to increase investments in solar projects and storage, while ceasing its reliance on fossil fuels altogether.
- Carbon capture and sequestration procedures will not be used in decarbonization efforts.
- The decision marks a dramatic shift from the company's previous plans under its former CEO of investing in gas-fired power plants.
- Financial analysts have welcomed the move as it is expected to improve strained relations with regulators, benefitting both ratepayers and shareholders.
