Phoenix, Ariz. – Commissioner Rachel Walden reaffirmed her commitment to Arizonans during her first Arizona Corporation Commission Open Meeting on January 15, 2025. With a focus on ensuring reliable utilities, protecting ratepayers, and maintaining fiscal responsibility, she supported decisions that directly impact the lives of Arizona’s residents.

During Wednesday's session, the Commissioner voted on 19 items that impact communities across the state. From supporting infrastructure expansions to addressing securities fraud, her votes reflected decisions to foster growth, protect consumers, and ensure reliable services for Arizonans.

Among the key decisions, Commissioner Walden voted to expand transmission capabilities in the West Valley of metro Phoenix to support the region’s rapid population growth. The approved South Mountain Transmission Project will enhance the resilience of the power grid and ensure reliable energy delivery to residents and businesses in this booming area.

Recognizing the importance of securing Arizona’s financial marketplace, Commissioner Walden also supported actions on three securities fraud related cases. This included authorizing the Securities Division to represent the commission in a global settlement with the federal government and several other states against TMTE, Inc. (aka Metals.com), recovering funds for victims of investment fraud. In a second case, she voted in favor of imposing a penalty and implementing a compliance plan against RMR Wealth Builders, Inc., which operated without proper licensing. Another case concerned an investment advisor misappropriating over $1 million from a charitable trust. Commissioner Walden’s vote was to support the revocation of this advisor’s license, ordered restitution in the amount of $1.1MM and assessed $150,000 in penalties.

Additionally, Commissioner Walden prioritized rural development by voting in favor of water service territory expansions for smaller utility providers. These decisions help meet the needs of growing communities, supporting residential development and small business growth in areas that rely heavily on dependable utility services. Expanding access to water and energy not only supports families, but also lays the groundwork for vibrant local economies.

“As a commissioner, my responsibility is to ensure that decisions prioritize the needs of Arizonans while fostering a fair and transparent regulatory environment,” said Commissioner Walden. “Today’s decisions reflect my commitment to holding accountable those who attempt to defraud our citizens.”

For more information contact Commissioner Walden’s office at Walden-Web@azcc.gov