S&P: Pinnacle West, Arizona Public Service view to positive

S&P said it affirmed its ratings on Pinnacle West Capital Corp. and subsidiary Arizona Public Service Co., including the A- issuer credit ratings, and revised the outlooks to positive from stable.

“The positive outlooks reflect the company's continued effective management of regulatory risk and our expectations that the company will effectively manage the potential risks of distributed generation,” the agency said in a news release.

“In addition to the rate increase, we also think the commission's implementation of a $15 basic service charge for residential customers, new rates for rooftop solar customers, and time-of-use rates support credit quality.”

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