HB2440 is a bill that mandates public power entities and public service corporations to prioritize reliable and affordable electric service in their infrastructure planning and investments. Public power entities are required to provide electric service at just and reasonable rates and to prioritize grid reliability and cost affordability for retail electric customers when making decisions about electric generation, transmission, and distribution resources. Public service corporations must also maintain reliable and affordable electric service, with rates determined by the Arizona Corporation Commission, and prioritize grid reliability and affordability in their operational decisions.

The bill introduces new requirements for public power entities and public service corporations, emphasizing the importance of reliability and affordability in electric service. It also makes technical and conforming changes to existing law. However, the Governor vetoed the bill, citing concerns about regulatory uncertainty and the potential conflict between affordability and reliability. The bill was vetoed on April 3, 2023.

Statutes affected:
Introduced Version: 30-811, 40-202
House Engrossed Version: 30-811, 40-202