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ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
House: NREW DPA 5-3-0-2 |
HB 2782: corporation commission; utilities; amortization; tariffs
Sponsor: Representative Carter N, LD 15
House Engrossed
Overview
Requires the Arizona Corporation (ACC) to make disclosures related to a regulatory asset that is included in rate base or otherwise reflected in rates based on a test year or historical balance.
History
The ACC is established in the Constitution of Arizona to regulate public service corporations, which includes non-municipal corporations that furnish gas, oil or electricity for light, fuel or power (Constitution of Arizona, Article 15, § 2). Specifically, the ACC has the full power to prescribe rules, regulations and orders that govern a public service corporation's rates, charges and classifications, which is collectively referred to as its ratemaking authority. Additionally, the ACC can prescribe the forms of contracts and systems of accounts these corporations employ and can make and enforce reasonable rules, regulations and orders for the convenience, comfort, safety and preservation of health of the corporation's employees and patrons (Constitution of Arizona, Article 15, § 3).
Provisions
1. Instructs the ACC and Public Service Corporation, if a regulatory asset is included in rate base or otherwise reflected in rates based on a test year or historical balance, to disclose specified information. (Sec. 1)
2. Specifies that nothing in this act requires the ACC to adopt any particular adjustment mechanism. (Sec. 1)
3. Requires the ACC to ensure that the disclosures are sufficient to compare the total amounts that will be recovered in rates against the remaining unamortized balance of regulator asset. (Sec. 1)
4. Contains a legislative intent clause. (Sec. 2)
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Initials CW HB 2782
2/27/2026 Page 0 House Engrossed
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