New Study Finds Arizona’s Monopoly Utility ESG Goals Will Double Utility Bills
By the Arizona Free Enterprise Club |
For several years, Arizonans have faced a threat of radical renewable energy mandates being imposed on our grid. In 2018, the voters overwhelmingly rejected a measure that would have required utilities to generate 50% of their energy with “renewables” by 2030. Then, in 2021, the Arizona Corporation Commission considered, and rejected, a 100% renewable mandate completely banning fossil fuel generation by 2050. But now, the utilities have voluntarily committed themselves to these goals, known as “Net Zero by 2050”, under the broader requirements of their Environmental, Social, and Governance (ESG) commitments.
But a new study commissioned by the Arizona Free Enterprise Club, and authored by esteemed economist Stephen Moore, makes clear the high cost of pursuing ESG…