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Arizona Power Company Leader: Southwest Growth Threatens Electricity Capacity.
Knight Ridder/Tribune Business News, May, 2004
By John G. Edwards, Las Vegas Review-Journal Knight Ridder/Tribune Business News
May 25--Rapid growth in the Southwest threatens a current surplus in the wholesale electricity market, the chief executive of Arizona's largest power company said Monday.
The executive, Bill Post of Pinnacle West Capital Corp., made the comment at the opening of the 570-megawatt Silverhawk Power Station at the Apex Industrial Park north of Las Vegas.
"We're going to see a tightening of the market much sooner than people expect," Post said after a ceremony at the plant Monday.
Few power plants are scheduled to open between 2005 and 2007, said Post, who also serves as chairman of the Phoenix-based company. Yet, the Southwest has the fastest-growing...
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