Tucson Electric Power spokesman Joe Barrios said a proposal by Arizona Attorney General Kris Mayes would hurt the company’s ability to raise funds it needs for investment in its energy grid.
Last week, Mayes’s office filed expert testimony with the Arizona Corporation Commission to object to TEP’s proposed 14% rate increase.
Mayes said the company’s proposal was “blatant corporate greed.”
"Our expert analysis proves that customers are being asked to pay far more than is needed," the attorney general said. "Instead of a 14% rate hike, the expert testimony we just filed with the ACC shows that TEP can achieve the same reliability with just a 4% increase by aligning what customers pay with TEP's actual costs."
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