APS says Palo Verde-1 to shut for six weeks for repairs

Washington (Platts)--8Mar2006

Palo Verde-1 will be shut for six weeks for repairs this month and next,
Arizona Public Service said late yesterday in a filing with the US Securities
and Exchange Commission. APS will take the unit out of service for one week
starting March 18 to prepare for the repairs and will then take it offline for
five weeks starting in June. The problem centers on vibrations in one of the
unit's shutdown cooling lines, APS said. APS said it will spend about $60
million to buy replacement power, including during the unit 1 shutdown and
from a period starting December 25, 2005, when the unit began running at about
25% capacity. APS said it will seek to recover its replacement power costs
from ratepayers under a mechanism that allows for 90% cost recovery.

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