News Release

Phoenix, Ariz.— At the Arizona Corporation Commission’s (“ACC”) May 7, 2024, regular open meeting, Commissioner Nick Myers joined the unanimous vote of the Commission to approve a new Purchased Power and Fuel Adjustment Clause (“PPFAC”) rate for Tucson Electric Power Company’s (“TEP”) customers.

The Commission order decreases the PPFAC rate from the current average rate of $0.013515 per kilowatt-hour (“kWh”) to ($0.001446) per kWh. Assuming an average monthly usage of 767 kWh, the new PPFAC rate will decrease a residential and small business customer bill by $11.91 per month for the next twelve months, beginning June 1, 2024.

“TEP’s PPFAC is working as it should. Our adjustment to the PPFAC rate last year to address a substantial under collected balance and the lower forecasted cost of procuring fuel and power have resulted in this significant lower rate for customers,” stated Commissioner Myers.