Bill > HB2782

This bill requires the Arizona Corporation Commission, when setting just and reasonable rates for public utilities, to consider the "fair value" of utility property, which is defined as the book value of the property at the time service is provided and includes any unamortized balance of costs. Furthermore, the bill mandates that both the Commission and public utilities must publish their tariff schedules, which are the official lists of rates and charges, and importantly, these schedules must include an "amortization schedule" detailing how costs, specifically those related to "regulatory assets" (costs incurred by a utility that are allowed to be recovered through future rates), are recovered from customers over time, with the unamortized balance being reduced by the revenue collected for these amortization expenses. The bill also clarifies that "public utility" encompasses not only private companies but also municipally owned systems and districts subject to a specific constitutional provision, and its stated intent is to allow the public to comment on rate schedules by making them publicly accessible.

Agriculture and Natural Resources

https://apps.azleg.gov/BillStatus/BillOverview/84623