Rampant Corporate Greed and Cozy Commission Will Devastate Ratepayers
Summary by Arizona Capitol Times
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Rampant corporate greed and cozy commission will devastate ratepayers
Abhay Padgaonkar Rampant corporate greed enabled by lax oversight was already running Arizona’s ratepayers into the ground. Arizona Public Service collected $1.1 billion more than in 2022 after major rate hikes in 2023 and 2024, while Tucson Electric Power’s profits surged 33% following a 10% increase in August 2023. Now, APS aims for an extra $580 million and a 14% rate hike, while TEP seeks $172 million more, as both are setting the stage fo…
·Phoenix, United States
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‘Moral obligation’ to ratepayers ignored
A leading council watcher says councillors have a “moral” obligation to provide relief for struggling families.
·Australia
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