Utility-authored securitization bill is horrible deal for ratepayers and state

Arizona Capitol Times

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Utility-authored securitization bill is horrible deal for ratepayers and state

Despite record-breaking profits, Arizona’s monopoly utilities — led by APS — are pushing to offload even more costs onto ratepayers with less oversight through a sweeping new bill, HB2679.  Amanda Ormond is a former Director of the Arizona Energy Office. If passed, HB2679 would allow utilities to use a financial tool known as “securitization” that trades high-interest loans for low-interest bonds that can be paid off over time. While this tool h…