Correction: An earlier version of this article stated the final meeting would take place at 10 p.m. It has been corrected to 10 a.m.
Tucson Electric Power will be holding several meetings for public comments surrounding TEP's new rates requests and other proposals.
The meetings will be held on the following dates and with the following methods:
- Thursday, March 23 at 6 - 8 p.m. | Telephone only
- Wednesday, March 29 starting at 10 a.m. | In-person and telephone
Customers can call in during the meetings at 1-888-450-5996 and entering the code 457395#.
RELATED:
- New TEP agreement, customer fee on ballot in May special election
- TEP customers continue to voice opposition to proposed rate increase
In-person meetings will be at the Arizona Corporation Commission's Tucson office, 400 W. Congress, Room 222 with a maximum of 25 people in the room at a time.
TEP is requesting to update their rates by late 2023 to recover the cost of energy resources, technology improvements, security upgrades, operating costs and to "serve the increasing energy needs of our growing community."
Spokespeople from TEP have confirmed with KGUN 9 their profits from the past three years:
- 2020 - $191 million
- 2021 - $201 million
- 2022 - $217 million
TEP says net income and the related cash flow are used by credit rating agencies, lenders, investors and others to assess the creditworthiness of a company. They say a strong credit rating and ready access to capital support lower financing costs, which are ultimately passed along to customers through their rates.
If the proposed rates pass, customers would see a possible 12% increase or more than $14 higher than current levels.
This article was updated on March 22, 2023 to reflect new information.
