This Note contains the full text of testimony presented before the Arizona Corporation Commission in an electricity rate proceeding involving the Arizona Public Service Company (APS), an investor-owned utility headquartered in Phoenix. The testimony was directed to specific circumstances and issues faced by APS in its involvement in the nearly completed Palo Verde nuclear process plant. The Note also includes an exhibit on incentive regulation. A related report, Incentives To Improve Electric Utility Performance: Opportunities and Problems (R-3245-RC), uses material from both the APS rate case and a wide range of published literature to treat these issues more generally in order to shed light on the opportunities and problems of improving electric utility performance.
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