The proposed bill would amend current statutes by introducing a new requirement for electric public service corporations to submit an integrated resource plan to the Arizona Corporation Commission (ACC) every three years. This plan must include detailed projections of energy demand for the next 15 years, a summary of existing electric generation plants, potential new plants, and analyses of capital and operating expenditures, reliability, and environmental impacts. Additionally, the bill mandates an independent third-party evaluation of these plans to ensure accuracy and consideration of alternative analyses.

Moreover, the bill includes provisions that prohibit public service corporations from implementing compensation policies that conflict with their obligation to provide safe and reliable service. It clarifies that an approved integrated resource plan will serve as evidence of the conditions known to the corporation during the three-year period, unless new substantial evidence arises. These updates aim to enhance transparency, reliability, and accountability in the electric service planning and operation in Arizona.

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