Bill > HB2341

This bill amends Arizona law to add a new factor for the Power Plant and Transmission Line Siting Committee to consider when approving or denying applications for power plants and transmission lines: the "speculativeness" of the proposed project, which is determined by the existence of "known offtakers." Known offtakers are defined as specific, identified buyers who have entered into legally binding, long-term contracts to purchase the future output of a proposed transmission line or plant. However, if the applicant is a public service corporation or public power entity doing business in Arizona, their existing customers are considered known offtakers, and specific contracts are not required, meaning such projects cannot be deemed speculative. The bill also clarifies that "speculativeness" refers to the level of risk or uncertainty associated with a project's financial success.

Agriculture and Natural Resources

https://apps.azleg.gov/BillStatus/BillOverview/84087