# aps

-

# apscompletespurchaseatfourcornerspowerplant Page 1 of1

‘)

# aps (http f/wwwapscorn en

news and press release archive previous article next article


## media con ac december31, 2013



# aps completespurchase atfourcorners

Steven Gotfried 

# powerplant 602-250-3040

## ç closure ofunits 1 2 & 3 results in reduced emissions analyst contact PHOENIX

—Arizona Public Service completed on Monday its purchase of Southern California Edison’s Ownership in Units 4 and 5 ofthe Four Corners Power Plant near Paul Mountain Farmington, N.M. As part of its plan

—originally announced in November2010—APS has 

## 4

— 602 250 4952ç permanently closed the plant’s older, less efficient Units 1, 2 and 3, and will install additional emission controls on the remaining cleaner, more efficient units. ii ,i.T___ 

## 24 hour media “This is a milestone occasion,” said Don Brandt, APS Chairman, President and Chief 

## hotline Executive Officer. “We have completed a transaction thatwill benefitthe environment allow us to continue to supportthe economy ofthe Navajo Nation and surrounding 602-250-2277

## ç community, and help electric users in the Southwestwith an important low-cost generating resource.” 

# for members of the news media only. Reflecting on the significance ofthe transaction, Brandt added, “It is bittersweet because 

## This is a milestone generations of Four Corners employees have dedicated their careersto running those ~ A three units to keep the lights on forourcustomers.” 

## occasion. e ave completed a With the closing ofthe APS-owned Units 1, 2 and 3, capacity at Four Corners is reduced 

## transaction thatwill from 2,100 megawatts to 1,540 megawatts, enabling the plant to serve half a million homes Acquirng SCE’s 48% interest in the larger Units 4 and 5 will increase APS’s total 

## benefitthe Four Corners capacity from 791 megawattsto 970 megawatts APS now owns 63% of 

## environment, allow Units 4 and 5, which constitute the plant moving forward 

## usto continue to Environmental benefits derived from reduced emissions and more efficientfuel use will 

## supportthe increase significantly. Emissions of particulates are expected to decline by43%, nitrogen oxides (NOx) by 36%, carbon dioxide (C02) by 30%, mercury by 61% and sulfur dioxide 

## economy ofthe (S02) by 24%. 

## Navajo Nation and On Monday afternoon, Units 1 2 and 3

—which helped ensure a reliable supply of energy 

## surrounding forAPS customers 

### since 1963 (Units 1 and 2) and 1964 (Unit 3)—were permanently shut 

## Community, and down in a ceremony for plant employees. Closure ofthe three older units by Jan. 1 2014, 

## hel electric r and the installation of selective catalytic reduction equipment on Units 4 and 5 by July 31, 2018, will satisfy BestAvailable RetrofitTechnology (BART) requirements forthe plant 

## in the Southwest issued by the U.S. Environmental Protection Agency in August 2012 

## with an important, Decommissioning work, including complete dismantle and removal ofthe older units and 

## low-cost generating any associated structures, will begin immediately and is expected to last aboutthree years. 

## resource Employees with responsibilities operating and maintaining Units 1 2 and 3 nowwill focus on decommissioning activities.

- Don Brandt, APS Chairman, President & The final purchase pnce forthe Southern California Edison share is approximately$182 Chief Executive Officer million, which is substantially lessthan other generation alternatives. “Our plan forthe plant moving forward saves APS customers nearly a half-billion dollars over other energy sources and maintains a highly reliable, cost-effective source of electncity generation forAPS and other users in the Southwest,” said Mark Schiavoni, APS Executive Vice President, Operations. “Along with natural gas, nuclear, renewables and energy efficiency, coal has an important place in ourcompany’s balanced energy portfolio.” As APS committed when the agreementwas announced in 2010, Schiavoni reiterated that no layoffs are planned at the plant, which employs 434 workers (82% ofwhom are Native American). Any required reduction in workforce will comethrough normal attrition. The Four Corners Power Plant and supporting mining operations create an estimated $225 million annual economic impact on the Navajo and New Mexico economies. During the next 30 years their operation could generate morethan $6.3 billion in economic value forthe region, at least 70% ofwhich will benefitthe Navajo Nation Also, APS on Monday filed an application with the Arizona Corporation Commission to recovercosts associated with the purchase of SCEa interest in the plant The company’s 2012 rate case settlement includes a provision that allows APS to seek rate reliefforthose expenses priorto its next rate case. The filing amountsto a bill impact of about 2 For a typical APS residential customer, monthly bills would increase from $140 12 to $142 89 APS, Arizona’s largest and longest-serving electricity utility, serves more than 1.1 million customers in 11 ofthe state’s 15 counties. With headquarters in Phoenix, APS isthe principal subsidiary of Pinnacle West Capital Corp. lhttp I/wwwpinnaciewesi com/) (NYSE PNV1I)



# http: www.aps.com/en/ourcompany news latestnews/Pagesaps-completes-purchase-at-f... 10302014