The proposed bill, if enacted, would amend current statutes by introducing a requirement for electric public service corporations to submit an integrated resource plan (IRP) to the Arizona Corporation Commission (ACC) for review and approval at least once every three years. This plan would need to include projections of energy demand for the next fifteen years, analyses of existing and potential electric generation plants, and detailed cost and reliability assessments. Additionally, the bill mandates that the ACC obtain an independent third-party evaluation of the IRP before approval, ensuring that the information provided by the public service corporation is verified and alternative analyses are presented.

Furthermore, the bill stipulates that the ACC's approval of an IRP is not binding in future rate cases and establishes that an approved IRP serves as evidence of relevant conditions known during the three-year period between plans, unless new substantial evidence is presented. It also prohibits public service corporations from implementing compensation policies that conflict with their obligations to serve the public effectively. Overall, the bill aims to enhance transparency and accountability in the planning and operation of electric public service corporations while ensuring reliable and affordable service to customers.

Statutes affected:
Introduced Version: 40-113