This bill proposes to amend Arizona Revised Statutes by adding a new section that requires utilities to report detailed financial information to the commission annually, starting May 1, 2027. The new requirements include an itemized list of various expenses such as membership dues, charitable giving, political influence activities, and costs associated with outside legal representation. Additionally, utilities must disclose employee compensation details and any expenses related to commission proceedings. The bill also mandates that the commission make these reports publicly available and outlines penalties for non-compliance.

Furthermore, the bill introduces specific definitions for terms such as "above-the-line account," "political influence activity," and "promotional advertising," clarifying the scope of the reporting requirements. It emphasizes the need for transparency in how utilities communicate their costs to the public, particularly in advertising and fundraising efforts. The commission is tasked with monitoring compliance and can impose civil penalties for failures to adhere to the new reporting standards. Overall, the bill aims to enhance accountability and transparency in the financial practices of public service corporations.

Statutes affected:
Introduced Version: 40-207