California Activist Tom Steyer Jumps into APS Fight, Encourages Protest Over Rate Hike

The billionaire California activist who went head to head with Arizona Public Service Co. last year over a clean-energy ballot measure has joined the fight to overturn a $95 million rate hike by the utility. Tom Steyer is advocating for Arizona regulators to reverse the 2017 rate hike that has drawn complaints from thousands of customers and led to surging stock price for its parent company, Pinnacle West Capital Corp.

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