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Analysis of Arizona Public Service Company's Issuance and Distribution Expenses

Arizona Public Service Company (APS) | August 12, 2025

By Kevin Allen

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Arizona Public Service Company (APS) detailed the expenses related to the offering of $250,000,000 principal amount of its 5.70% Notes due 2034 and $700,000,000 principal amount of its 5.90% Notes due 2055.

Expenses include SEC registration fees, printing, legal, accounting, rating agency, and other fees related to the offering.

These expenses are crucial for APS's financial planning and investor transparency.

Offering Details

APS plans to offer $250,000,000 principal amount of 5.70% Notes due 2034 and $700,000,000 principal amount of 5.90% Notes due 2055.

Expense Breakdown

The estimated expenses include SEC registration fees, legal fees, accounting fees, and more.

Transparency and Compliance

APS ensures transparency by detailing all expenses related to the offering process.

  • The detailed expense breakdown showcases APS's commitment to transparency and compliance with regulatory requirements.
  • Investors can gain insights into the costs associated with APS's issuance and distribution activities, enhancing their understanding of the company's financial operations.

The disclosure of expenses provides investors with a clearer picture of APS's financial activities and commitment to transparency. Understanding these costs is essential for investors evaluating APS's financial health and strategic decisions.