The proposed bill would amend current statutes by introducing new requirements for electric public service corporations regarding their generating capacity. Specifically, it mandates that, starting January 1, 2030, these corporations must ensure that at least 85% of the generating capacity relied upon to serve retail load customers consists of reliable resources. The bill also outlines the responsibilities of the Arizona Corporation Commission (ACC) in enforcing these requirements, including the need for compliance reports from electric public service corporations and the establishment of corrective action plans if non-compliance is identified.

Additionally, the bill defines key terms such as "generating capacity," "intermittent availability," and "reliable resource," which clarify the types of resources that qualify under the new standards. It also includes a legislative intent clause emphasizing the necessity of the act for the safety and health of the public service corporation patrons and designates the legislation as the "Energy Reliability Standards Act." The bill replaces the term "electric distribution utility" with "electric public service corporation" throughout the relevant sections of the Arizona Revised Statutes.

Statutes affected:
Introduced Version: 40-207
House Engrossed Version: 30-812, 40-207