Preheat oven to 375 degrees. Combine sugar, brown sugar, butter, shortening, peanut butter, and egg in a bowl.
Add flour, baking soda, baking powder, and salt.
Mix in chocoloate chips.
Roll dough into one-inch balls about two-inches apart on an ungreased baking sheet. Dip a fork in water, coat with sugar, and make a crisscross pattern on the dough flattening slightly.
Bake for 10-12 minutes. Remove from oven to cool for 7 minutes then serve immediately.
Notes
Can be store in an airtight container for up to three days.