New UNS Energy board carries over most local independent directors
$4.3 billion deal for UNS Energy Corp. could be finalized next month.
There’s a half-block parking lot along East Broadway that reminds you of downtown Tucson’s recent past: Real estate was so cheap that it was more profitable to park cars on it than to build.
Paul J. Bonavia, chairman and CEO of UNS Energy Corp. since 2009, will retire as CEO on May 2 and take a new role as executive board chair of the company, the parent company of Tucson Electric Power Co. announced.
Higher rates at Tucson Electric Power Co. helped parent UNS Energy Corp. post an 80 percent increase in fourth-quarter profit and a 40 percent increase in net income for all of 2013.
UNS Energy Corp., the parent of Tucson Electric Power Co., has agreed to be acquired by Canada-based utility Fortis Inc. in a deal worth $4.3 billion, the companies said today.
The 37-acre, 5-megawatt photovoltaic array will supply power to customers of UniSource Energy Services. The system, expected to provide enough power to supply about 1,500 homes, is expected to be turned on in the first quarter of 2014.
A new farm is going up along Interstate 19 near Rio Rico, but it's not raising cotton or even pecans.
UniSource Energy Services, a subsidiary of Tucson-based UNS Energy Corp. that provides electric service to about 91,000 customers in Santa Cruz and Mohave counties, has filed a request with state regulators to raise its rates 4.4 percent.
UniSource Energy Corp. on Monday reported lower first-quarter net profits on lower demand and some increased expenses.
TEP said it has spent up to $500 million on system reliability improvements, new solar generating capacity - such as this solar array at the Solar Zone at the University of Arizona Science and Technology Park - and environmental mandates since 2006.