APS and ACC strike lower rate deal to curb costs
The accord aims for about 32.3 million dollars in yearly revenue relief and a three year 30 million dollar investment to cut costs. The commission could decide to accept the deal by early June. Commissioner DeMichele says the rate cut stems from five years of efficiency work, with benefits expected for residential and small business customers as industrial users face increased competition. Gary Yaquinto credits regulator driven incentives from a 1991 rate case for APS's efficiency gains and notes future projects to avoid building costly plants, including home retrofits and solar research.
MENTIONED IN THIS ARTICLE
Iness
Commission
Rent Jen- Seeet
Secial Rensened Cant Eameuties
APS
DeMichele
Gary Yaquinto
The
Com
Mission
Yaquinto
Delta sets Phoenix boarding record for March 74,859
Delta Air Lines reported a March record in Phoenix with 74,859 passengers boarding, the highest monthly total in 36 years of service there and topping the prior November 1993 peak. The airline also posted all time highs for January and February this year, about 20 percent above 1993 levels, with nonstop Phoenix flights to Atlanta Cincinnati Dallas/Fort Worth Las Vegas Los Angeles and Tucson.
MENTIONED IN THIS ARTICLE
Delta Air Lines
Phoenix
Delta
March
Atlanta
Cincinnati
Dallas/Fort Worth
Las Vegas
Los Angeles
Salt Lake City
Tucson
Dial earnings rise on strong first quarter 1994 results
Dial Corp reported 1994 first quarter earnings of 17.2 million or 39 cents a share, up from 33 cents a share in 1993. Management cited broad strength except Premier Cruise Lines and noted gains from 1993 acquisitions including the Benuzit air fresheners unit, with revenue at 84.9 million versus .1 million a year earlier.
MENTIONED IN THIS ARTICLE
Dial Corp
Benuzit
Ren
Pinnacle West Reports First Quarter Income From Continuing Operations
Pinnacle West Capital Corp reports first quarter income from continuing operations of 21 million for common stock, down from 27.5 million year earlier or 32 cents per share. The board declares a quarterly dividend of 20 cents per share payable June 1 to shareholders of record May 2. Chairman Richard Snell notes Generating Station operated by Arizona Public Service. Electric revenues fall due to spot market sales to others.
MENTIONED IN THIS ARTICLE
Pinnacle West Capital Corp
Pinnacle West Board of Directors
Richard Snell
Arizona Public Service
Bancorp Hawaii Reports Q1 1994 Earnings Rise
Bankcorp Hawaii, parent of First National Bank of Arizona, earned 34.4 million dollars in Q1 1994, up 4.3 percent from 1993. Per share fell to 80 cents from 77 cents. Total assets at March end were 12.9 billion, up from 12.7 billion a year earlier.
MENTIONED IN THIS ARTICLE
Bankcorp Hawaii
First National Bank of Arizona
Bancorp Hawaii
Aircraft and Co conference available by phone
Aircraft and Co announces a conference and provides contact by calling 714-870-7581 for access and details.
MENTIONED IN THIS ARTICLE
Aircraft and Co
Real estate developer eyes Sunland Springs Village plan
East Mesa builder Ross Farnsworth, 62, drafts Sunland Springs Village on 800 acres near the Maricopa-Pinal line, with home sales expected about three years after East Sunland Village East builds out. He notes a resilient market despite past slumps and rising rates, citing 1993 sales around 250 homes and optimism for continued growth.
MENTIONED IN THIS ARTICLE
Ross Farnsworth
East Mesa
Farnsworth
Farnsworth Development Co
Sunland Springs Village
Maricopa-Pinal County
Sunland Village East
FCC clears path for 2 way paging licenses auction
The FCC cleared the way for auctions of 3,554 narrowband personal communications licenses enabling two way messaging and data services on pagers. Auctions start this summer with urban bidders bidding orally and rural bidders via sealed bids, and 1,400 interactive video and data licenses also planned.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
FCC
Robert Pepper
Office of Plans and Policy
BellSouth Corp
Valley housing growth rides on strong economy says expert
The Tempe Chandler area issued 1759 single family permits and 1479 in Mesa Gilbert in Q1 1994. Builders are maxed, homes take months to finish, and demand remains high as rates rise. Experts expect a slight peak then mild decline, with sales in East Valley still rising despite higher rates. The Mortgage Bankers Association forecasts further Fed rate hikes and higher mortgage costs into 1995.
MENTIONED IN THIS ARTICLE
Phoenix
Tempe-Chandler
Mesa-Gilbert
Brown
Eco
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Delta Boards
East Valley
the Tribune
Martha Reinke
First Ave
Mesa
Arizona
Mesa High School
Dreamland Villa
Pes
Tribune
Source
Arizona Corporation Commission
Associated Press
E. Valley
Bob Re
Fed
Association
Warren Lasko
Lasko
Dow Jones
Amex Saat
NYSE
EchoBay
S&p
Nasdaq
U.S
Pert
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