This bill proposes to amend current statutes by adding a new section to Title 40 of the Arizona Revised Statutes, specifically allowing retail electric customers to opt out of service from their current electric public service corporation under certain conditions. The Corporation Commission would be required to permit this opt-out option if the corporation or its parent company commits to going net zero in their filings to the U.S. Securities and Exchange Commission or compensates employees based on clean energy commitments. Additionally, the Commission must adopt rules to facilitate this process, including procedures for evaluating opt-out petitions and guidelines for providing alternative electric service to customers who opt out.

Furthermore, the bill defines key terms such as "Commission," "Electric Service," "Net Zero," "retail electric customer," and "Service territory," all of which align with existing definitions in section 40-201 of the Arizona Revised Statutes. The proposed changes aim to enhance customer choice in electric service while promoting commitments to clean energy and carbon reduction.

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