What does Salt River Project do?
As a community-based not-for-profit water and energy company, SRP provides reliable, affordable water and power to more than 2 million people living in central Arizona. SRP has provided these essential resources for more than a century to meet the needs of customers and help the region grow.
Where is the Salt River Project?
The Salt River Project, located near Phoenix, Arizona, includes a service area of about 240,000 acres spanning portions of Maricopa, Gila and Pinal Counties in central Arizona.
Is SRP a monopoly?
SRP has monopoly power over the pricing, sale and distribution of electricity for about two million customers and discourages those customers from using solar energy to generate some of their own power, the plaintiffs alleged.
How much is SRP worth?
Salt River Project
| Type | Association: Utility cooperative District: Government-owned corporation |
|---|---|
| Products | Electricity Water |
| Revenue | US$2.98 billion (2014) |
| Operating income | US$96 million (2014) |
| Net income | US$212 million (2014) |
Is SRP publicly traded?
Operating under the umbrella name, SRP, it is one of the primary public utility companies in Arizona….Salt River Project.
| Type | Public-Private Partnership |
|---|---|
| Key people | John M. Williams Jr., President |
| Industry | Electric Producer & Utility Water Management & Utility |
| Products | Electricity, Water |
| Revenue | $371 million |
Does SRP buy back solar power?
New plans drop demand fees, but limit buyback rates to just 2.8 cents. However, on these new plans SRP has dropped the buyback rates for excess solar energy to just 2.8 cents per kWh.
Is SRP federally owned?
It is one of the primary public utility companies in Arizona….Salt River Project.
| Type | Association: Utility cooperative District: Government-owned corporation |
|---|---|
| Founded | February 7, 1903 |
| Headquarters | Tempe, Arizona, United States |
| Products | Electricity Water |
| Revenue | US$2.98 billion (2014) |
Does SRP Do gas?
SRP operates generating stations using a variety of fuel sources including coal, natural gas, geothermal, hydroelectric and solar.
Is SRP better than APS?
In general APS has higher energy rates than SRP, less efficiency rebates and they are less consumer friendly. Whether you are an APS vs an SRP customer, your decision to save energy in your home is still an important one.
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