by Jonathan Eberle | Mar 29, 2025 | News
By Jonathan Eberle |
The Arizona State Legislature is advancing a measure to urge the Arizona Corporation Commission (ACC) to prioritize affordable and reliable energy sources over intermittent renewable energy alternatives such as solar and wind.
House Concurrent Memorial 2014 (HCM 2014), introduced by State Representative Justin Olson, calls on the ACC to prevent regulated utilities from shutting down dispatchable energy sources, including natural gas and coal, in pursuit of Net Zero goals.
The legislation, which does not carry the force of law but serves as a formal request to the ACC, asks the Commission to ensure Arizona’s electrical grid remains powered by affordable and reliable energy sources; prevent regulated utilities from phasing out critical, dispatchable energy sources such as coal and natural gas in favor of renewable alternatives that may be costly and unreliable; and adopt a national model policy, “Only Pay for What You Get,” which requires utilities to recover costs only from the reliable portion of new energy generation sources.
The bill passed the Arizona House of Representatives on February 26, 2025, with a vote of 33-26-1, and was referred to the Senate’s Natural Resources Committee for further consideration.
HCM. 2014 comes amid a broader debate on the future of Arizona’s energy policies. The ACC, which regulates the state’s investor-owned utilities, has faced increasing pressure from policymakers, industry groups, and environmental advocates over how to balance affordability, reliability, and sustainability in energy production.
Supporters of the measure argue that shifting too quickly to renewable energy sources without proper reliability safeguards could lead to increased costs for ratepayers and potential grid instability.
If approved by the Senate, copies of HCM 2014 will be transmitted to the Chairperson and each Commissioner of the ACC, urging them to align state energy policies with the resolution’s recommendations. While the ACC operates independently, legislative pressure could influence future regulatory decisions regarding Arizona’s energy transition.
As Arizona continues to navigate its energy future, the debate over affordability, reliability, and sustainability is expected to remain a contentious issue among lawmakers, utility providers, and consumers.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Matthew Holloway | Mar 6, 2025 | Economy, News
By Matthew Holloway |
The Arizona Corporation Commission (ACC) is urging caution from the public in the use of Crypto ATMs with a warning that they are being utilized to facilitate cryptocurrency scams in a bigger way “than ever before.” Reporting from the FBI has indicated losses to consumers in Arizona of over $325 million.
According to a press release by the ACC Securities Division, national data from the Federal Trade Commission (FTC) has shown American consumers reporting losses in excess of $110 million through scams linked to cryptocurrency ATMs documented in 2023, a drastic escalation at ten-times the 2020 figure.
As explained by the ACC, Crypto ATMs, kiosks that allow users to purchase cryptocurrencies using a credit or debit card, have become more ubiquitous and are visually similar to traditional ATMs. They are often located at gas stations, convenience stores, malls, and other places where an ATM would typically be present. However, unlike a typical ATM, these kiosks convert dollars to cryptocurrency held in an electronic wallet… for a fee.
Portal scamming, an already common issue at ATMs, fuel pumps, and cash registers poses an added danger with the advent of Crypto ATMs as the ACC explains:
“The scams typically start through online chats, social media, emails, texts, pop-up messages and phone calls from strangers. The lies told by scammers vary, but they create some urgent justification for consumers to take cash out of their bank accounts and put it into a crypto ATM.
“Often, the scammers fabricate an investment that promises great returns with limited risk. When consumers put their money into the crypto ATM, the ATM converts the money to cryptocurrency. The consumer types in the scammer’s electronic wallet address, or the consumer is given a QR code to scan which points to the scammer’s electronic wallet address. The ATM then transfers the crypto to the scammer’s electronic wallet. Once in their control the scammers quickly move the crypto making it very difficult to trace and recover.”
The commission offered a series of proactive recommendations to consumers to avoid becoming a victim to scam artists employing these tactics:
- Never click on links or respond directly to unexpected calls, messages, or computer pop-ups. If you think it could be legitimate, contact the company or agency, but look up their number or website yourself. Don’t use the phone number the caller or message gave you.
- Slow down. Scammers want to rush you, so stop and check it out. Before you do anything else, talk with someone you trust.
- Never withdraw cash in response to an unexpected call or message. Only scammers will tell you to do that.
- Don’t believe anyone who says you need to use a crypto ATM to protect your money or to fix a problem or to get in a great investment. Real businesses and government agencies will never do that—and anyone who asks is a scammer.
One victim identified as Tamara Glerum by AZFamily, reportedly lost $28,000 to a scammer, with the FBI stating that Arizonans overall lost about $325 million in reported Crypto ATM fraud.
As reported by ABC15, a Peoria woman reportedly lost $17,000 to such as scam, and AZ State Rep. David Marshall has introduced House Bill 2387 to crack down on Crypto ATM fraud by imposing a $1,000 daily transaction limit on the devices, requiring state operator licensing and refund policy options as well.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Daniel Stefanski | Jan 10, 2025 | News
By Daniel Stefanski |
The Arizona Corporation Commission is now entirely under Republican leadership.
On Monday, Lea Márquez Peterson, Rachel Walden, and Rene Lopez were sworn into office at the Arizona Corporation Commission (ACC), giving Republicans control of all five positions on the state agency. Peterson returned to office, while Walden and Lopez entered this position for the first time.
During the inaugural meeting of the new year, first-term Commissioner Kevin Thompson was voted as chairman of the ACC. Nick Myers became (what appears to be) the first-ever vice chair of the ACC.
In an exclusive comment to AZ Free News, Thompson said, “During our campaign, Commissioner Myers and I often spoke on the trail about our objectives once elected. We expected it to take our full four-year term, but instead we accomplished our goals within the first two years of office.”
Thompson added, “Looking forward to serving as Chairman, I’m confident we will be able to build upon our recent successes with this talented and motivated group of Commissioners. As Chair, my focus is going to be on ensuring our collective efforts are always pushing Arizona forward, making the Commission more efficient and responsive to the public, and never losing sight of our duties to ratepayers and the trust voters have placed in us.”
Peterson posted to her X account about her first day of this new term of office, saying, “I am honored to serving a second term at the Arizona Corporation Commission! Thank you to Chief Justice Timmer for conducting my oath of office. I’m looking forward to serving with Nick Myers, Kevin Thompson, Rachel Walden, and Rene Lopez!
Nick Myers said, “As best we can tell, the Arizona Corporation Commission has never had a Vice-Chairman position. Today we made history… Again. After I nominated Commissioner Kevin Thompson as the new chairman, he nominated me as the very first Vice-Chairman!”
Rachel Walden wrote, “It’s official! Thank you to the Commission staff for organizing today’s swearing in ceremony and agenda. Thank you to my friends and family for attending! And a massive thank you, Arizona! It’s an honor to go to work for you.”
All five commissioners are excited about their upcoming work at the ACC over the next two years – even in a divided state government with a Democrat as Governor and Republicans maintaining control of the Arizona Legislature. In his remarks following his unanimous election as chairman of the ACC, Thompson said, “I want to continue to support this Agency and build upon a culture of success and further ensure the Commission is a place the brightest and best want to work. Where we can all be excited to step foot in this building and be proud of what we do to ensure Arizona remains a great place for our children and grandchildren and businesses for decades to come.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Matthew Holloway | Dec 7, 2024 | News
By Matthew Holloway |
The Arizona Free Enterprise Club released a statement on Wednesday severely criticizing the Arizona Corporation Commission (ACC). The statement came after the ACC, which is charged with protecting Arizonans from a non-competitive energy industry, voted to abdicate its duty by allowing formulaic rates that increase automatically year over year, as opposed to every increase being subject to public scrutiny and requiring approval.
The vote on Tuesday was carried 3-2 with commissioners Anna Tovar and Lea Márquez Peterson dissenting. According to the ACC, its policy statement “allows regulated utilities to propose formula rates in future rate cases. Under this approach, the ACC reviews and accepts as the rate a formula for calculating the utility’s cost of service, including clear definitions of inputs to that formula and a process for updating rates every year as the utility’s costs change.”
The commission claimed, “Formula rates will still be monitored closely to ensure that the utility does not over-earn relative to the cost of service for providing service (plus a reasonable return on invested capital), while continuing to provide service safely and reliably.”
The Arizona Free Enterprise Club responded in a statement saying:
“Following contentious double digit rate hikes being approved and ESG Resource Plans committed to going ‘Net Zero’ by 2050 being rubber stamped, the Commission has rushed through approving new rules masquerading as a mere ‘policy statement’ that could insulate utilities and the Commission from having to face ratepayers in future rate cases. The ‘policy statement’ would depart from traditional rate making and pursue ‘formula based rates’ offloading risk from investors to ratepayers and baking in automatic rate increases with little transparency or opportunity for ratepayer engagement.
“The only support for this ‘policy statement’ came from the utilities themselves. The Commission is charged to protect ratepayers by regulating the utilities, not the other way around. The Commission should pump the brakes, not rush through major rulemaking decisions in a lame duck session.
“The Arizona Free Enterprise Club is committed to protecting ratepayers, ensuring affordable and reliable energy in Arizona. We will continue to work to ensure utilities will not be able to force their captive ratepayers to foot the bill, especially through automatic rate hikes, for their costly goal to go ‘Net Zero’ by 2050 by shuttering reliable sources of energy generation to build out expensive and unreliable wind, solar, and battery storage projects.”
Attorney Dan Pozesfsky of Arizona’s Residential Utility Consumer Office (RUCO), expressed a similar view according to 12News saying, “Trying to implement formula rates through a policy statement rather than through rules is inappropriate, illegal and in this case denies due process.”
The outlet reported that the ACC, ignoring its own plans for the vote, rushed to schedule it noting that in a previous meeting Commission Chairman Jim O’Connor had told stakeholders, “Give us feedback. Bring us guardrails.” He added, “I eagerly look forward to that kind of input at our next workshop.” However, no workshop occurred and no published legal opinions were issued.
Diane Brown of the nonprofit Arizona PIRG Education Fund stressed that the vote was conducted with critical questions about the scheme remaining unanswered. She said, “This is precisely to me why it was so important to have the legal memo that this Commission said they would get. While there are statements that there will be increased transparency, I’m not seeing evidence of that. It is troubling to me that we haven’t heard from the ALJ (administrative law judge). We have not heard from Staff.”
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Daniel Stefanski | Nov 18, 2024 | News
By Daniel Stefanski |
Another Arizona governing body has intervened in a critical issue in place of the state’s attorney general.
Last week, the Arizona Corporation Commission (ACC) intervened in a matter at the Federal Energy Regulatory Commission (FERC), protesting BlackRock, Inc.’s Request for Reauthorization and Extension of Blanket Authorizations to own utilities. The Environmental Social Governance (ESG) – related filing was led by a coalition of state attorneys general from around the nation and the ACC.
The coalition requested that FERC decline to approve BlackRock’s application unless the following four conditions are met:
- “The Commission must require that Applicants, including all affiliates and subsidiaries, limit their collective ownership to 20% or less of the shares of each FPA-covered utility.
- “Applicants must function only as passive investors.
- “Applicants must hold the shares subject to their fiduciary duties to their investors, including the duty to act in the sole financial interest of the investors.
- “The Commission should require specific reports by Applicants of every instance when the asset managers voted contrary to the recommendation of utility management on a shareholder proposal or board of director nomination, as well as an explanation of how such votes were consistent with the asset manager’s commitments to FERC.”
Freshman Commissioner Kevin Thompson, who pushed hard for the commission to join the legal protest, told AZ Free News, “We need utilities to make decisions based on what makes the most sense for ratepayers and the integrity of our grid, not the policy goals of ESG-minded asset management cartels. This Commission is taking a more proactive role in federal matters that impact Arizona ratepayers and our grid because FERC and other federal agencies have rapidly been exerting their influence in matters that should be left up to state regulators and our utilities.”
Joining the Arizona Corporation Commission on the filing were the States of Utah, Arkansas, Florida, Idaho, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Dakota, South Carolina, South Dakota, Tennessee, Texas, Virginia, and Wyoming.
The Corporation Commission’s involvement with this coalition mirrors the Arizona Legislature’s repeated efforts the past two years to join with other state officers in attempts to defend laws and protect the interests of their constituents. Both the Commission and the Legislature have been forced into acting as the state’s defacto attorney general due to Arizona’s top prosecutor, a Democrat, being unwilling to stand against certain infractions or questions of legality for state and federal laws.
The intervention into the ESG-related matter marks another instance of leadership by Arizona Republicans on this issue. The ESG movement has sought to advance an environmental agenda to bring an end to traditional and reliable energy investments across the country and world, and many have challenged the legality of such efforts in various industries. Before the current Democrat administration, the state had a Republican Attorney General Mark Brnovich, who led a handful of early ESG skirmishes. Arizona Treasurer Kimberly Yee has also joined other state financial officers over the years to oppose pro-ESG actions.
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
