If enacted, this bill would amend Arizona Revised Statutes by adding a new section (40-104) that allows retail electric customers to opt out of service from their current electric public service corporation and switch to another provider under specific conditions. The Corporation Commission would be required to permit this opt-out option if the public service corporation or its parent company commits to achieving net zero carbon emissions or compensates employees based on clean energy commitments.

Additionally, the bill mandates the Commission to establish rules for the opt-out process and guidelines for providing alternative electric service to customers who have opted out, ensuring that these services remain safe, affordable, and reliable. The bill also defines key terms such as "Commission," "Electric Service," "Net Zero," "retail electric customer," and "Service territory," aligning them with existing definitions in section 40-201 of the statutes.

Statutes affected:
Introduced Version: 40-104
House Engrossed Version: 40-104