APS Signs Power Supply Agreements with Arizona Electrical & Irrigation Districts.PHOENIX -- Arizona Public Service Arizona Public Service Company is the largest electric utility in Arizona and the principal subsidiary of publicly-traded S&P 500 member Pinnacle West Capital Corporation (NYSE: PNW), which in turn had been formerly named AZP Group (APS) announced today that it has concluded new long-term agreements to supply about 75 megawatts of power to ten electrical and irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. districts located throughout the state of Arizona. Effective January 1, 2006, the new 15-year contracts will replace an existing 10-year pact that expires at the end of 2005. The Company estimates the new contracts will increase future year revenues $5 million annually compared with the previous contract. "These new agreements enhance and extend our relationships with valued, long-term customers, all of whom provide critical infrastructure for Arizona's agricultural community," said David Hansen David Hansen can refer to:
The majority of the districts operate in either western Maricopa or Pinal counties. APS, Arizona's largest and longest-serving electric utility, serves more than 989,500 customers in 11 of the state's 15 counties. APS, with headquarters in Phoenix, is the largest subsidiary of Pinnacle West Capital Corporation (NYSE NYSE See: New York Stock Exchange : PNW PNW Pacific Northwest PNW Palestinian Airlines (ICAO code) PNW Probes Northwest (Ford Probe owners club) PNW Prescott and Northwestern Railroad Company PNW Printer Not Working PNW Personal Netware ). |
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