APS Adds New Clean Energy Resources to Fuel Historic Growth in Arizona

Collaborating with various stakeholder councils to advance a 100% carbon-free future

PHOENIX, May 16, 2022–(BUSINESS WIRE)–As more people and businesses move in record numbers across the state, Arizona Public Service Co. (APS) customers will have cleaner electricity to power their lives and homes. businesses through a new 2022 all-source Request for Proposals (RFP). Since announcing its Clean Energy Commitment in 2020, the utility adds more than one gigawatt (GW) of clean energy resources to its diverse supply. As Arizona continues to have warmer summers and a rapid and economic growthAPS anticipates future customer needs and publishes a new call for tenders developed in partnership with the APS Resource Planning Advisory Board (PRPP).

“Arizona is one of the fastest growing states in the nation and the energy we provide to communities and businesses is the backbone of our state’s prosperity, security and well-being. “said Justin Joiner, vice president of resource management at APS. “There is a historic population boom and it is our job to plan and invest in an affordable energy future with long-term sustainability and reliability that our customers can count on 24 hours a day, 365 days a year. “

Formed in 2021, the APS PRPP includes local consumer advocates, university representatives, and environmental and public interest organizations. Originally created to support integrated utility resource planning, this group participated in a series of transparent and flexible meetings and workshops to develop the new all-source RFP. This broad market solicitation will help APS transition out of coal-fired generation by 2031 and maintain adequate power supply to serve customers.

“To get the right mix of resources, we need collaboration. The Stakeholder Advisory Board shared important and diverse perspectives that we incorporated into the design of our new RFP. Together, we find solutions to the complexities resources that are taking place in the West and the driving energy demand on our system,” Joiner described.

Call for tenders from all sources 2022:

APS launches an all-source tender to meet the electricity needs of residential and commercial customers with affordable, reliable and clean electricity over the period 2025-2027.

“While a traditional RFP sets out the specific resources needed, with an all-source RFP we will consider any power, electrical or energy storage resource. This provides more flexibility and flexibility. innovation in the options offered”, explained Joiner.

This RFP is open to all technologies, including supply-side and non-supply-side resources. The proposed projects are to be in service from 2025 to June 2027. APS is seeking approximately 1,000 to 1,500 megawatts (MW) of resources, including up to 600 to 800 MW of renewable resources, which will significantly increase the amount of energy clean on the APS. electrical system.

Closer to a carbon-free future:

The new resources that will come from the 2022 tender will be in addition to the more than one GW of clean energy guaranteed by an all-source tender and a separate tender for battery energy storage published in 2020. What does a GW mean for customers? APS estimates that approximately 150,000 homes in its service territory can be powered by this energy. According to Ministry of Energyone GW is also the equivalent power of more than three million solar panels, 110 million LED bulbs and more than 9,000 electric cars.

APS’ portfolio of new resources will be in service for customers no later than 2024 and will include:

  • 425 MW rated solar power capacity

  • 238 MW nominal wind power capacity

  • 635 MW nominal battery storage capacity

The entire bidding process is monitored and reviewed by an independent third party. Information on the 2022 all-source tender is available at aps.com/rfp. To learn more about the APS PRPP, visit aps.com/resources.

APS serves more than 1.3 million homes and businesses in 11 of Arizona’s 15 counties and is a leader in providing affordable, clean and reliable energy in the Southwest. The company is committed to serving its customers with 100% clean energy by 2050. As the owner and operator of Palo Verde Power Plant, the nation’s largest carbon-free power producer, and with one of the country’s largest renewable energy portfolios, APS’ current energy mix is ​​50% clean. Headquartered in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW).

Forward-looking statements

This press release contains forward-looking statements based on current expectations. These forward-looking statements are often identified by words such as “estimate”, “predict”, “could”, “believe”, “plan”, “expect”, “require”, “intend”, “assume”, “project”. ,” “anticipate”, “goal”, “seek”, “strategy”, “likely”, “should”, “will”, “could”, and similar words. Because actual results may differ materially from expectations, we caution readers not to place undue reliance on such statements. A number of factors could cause future results to differ materially from historical results or from results currently expected or sought by Pinnacle West or APS. These factors include, but are not limited to:

  • the potential effects of the continued COVID-19 pandemic, including but not limited to energy demand, economic growth, our employees and contractors, vaccination mandates, supply chain procurement, expenses, inflation, financial markets, capital projects, operations and maintenance activities, uncollectible accounts, liquidity, cash flow or other unpredictable events;

  • our ability to manage capital expenditures and operating and maintenance costs while maintaining reliability and customer service levels; and

  • general economic conditions, including inflation rates, currency fluctuations and supply chain constraints.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220516005236/en/

contacts

Media Contact:
Yessica del Rincon
480-209-8513

Analyst contact:
Amanda Ho
602-250-3334

Website: aps.com/newsroom