This bill proposes significant updates to the Arizona Revised Statutes regarding the spending of public service corporations and public power entities. It introduces new restrictions on how these entities can use ratepayer funds, specifically prohibiting expenditures on political contributions, charitable giving, advertising, and various other costs that do not directly relate to regulated services. Notably, it also bans spending on lobbying the legislature and requires entities to file reports detailing the sources of any funds used for lobbying activities.

Additionally, the bill clarifies that public service corporations and their affiliates cannot make contributions to political action committees or organizations that influence elections for the corporation commission. It establishes a comprehensive list of prohibited expenditures, including compensation for employees involved in political activities, litigation costs related to regulations, and excessive compensation for board members. Overall, if enacted, this bill would enhance transparency and accountability in the financial practices of public service corporations and public power entities in Arizona.

Statutes affected:
Introduced Version: 16-916, 40-363, 41-1232.09, 30-901