From the Office of Commissioner Andy Tobin

  For Immediate Release | 7-16-18      
  Media Contact | Nick Debus      
  Direct | 602-542-0728      
  E-Mail | ndebus@azcc.gov      
         
 

Commissioner Tobin Opens Docket to Examine Blockchain Technology

 
 

PHOENIX – Arizona Corporation Commissioner Andy Tobin today requested the opening of a new docket to investigate the potential role of blockchain technology in Arizona.

“Arizona’s Governor, Attorney General, and Legislature have already been leading the country on blockchain policy, and I think Arizona’s energy industry should do the same,” said Commissioner Andy Tobin. The Arizona Corporation Commission may be the first state public utility commission in the country to open a docket that is dedicated to understanding blockchain technology in the energy sector.

Research discovered during Commissioner Tobin’s work on the Arizona Energy Modernization Plan indicated innovations happening in the energy landscape that warrant the Commission’s attention. According to the Energy Blockchain Network, “The energy industry is entering the age of the Energy Technology Convergence. The energy industry will see a vast degree of transformation over the next decade.”

Technology efficiencies may help to reduce consumer bills and better data may help with security. “Blockchain will put the energy consumer into the driver’s seat, could also be used to make electric bills more affordable, and could make the grid more secure,” says Leia Klingel of Fox Business.

Commissioner Tobin expects the new docket could touch on a broad range of topics including the internet of things, transactive energy, cybersecurity, utility accounting and bookkeeping, tokenization and tracking of renewable energy credits, and applications for distributed ledger technologies on the grid. Commissioner Tobin will explore opportunities for public and stakeholder input moving forward.

Those interested in participating should feel free to contact Commissioner Tobin at 602-542-3625.

 

To view the new docket and keep up to date on related filings, see Docket No. AU-00000A-18-0261.

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About Commissioner Andy Tobin:


Commissioner Andy Tobin was first elected to the Arizona House of Representatives in 2006 and served as Speaker of the House from 2011 to 2014. He was appointed by Governor Doug Ducey to fill a vacant seat on the Arizona Corporation Commission in 2015 and elected to serve a full term in 2016. During this time, Commissioner Tobin has focused on getting broadband (internet) connections into rural Arizona schools, been instrumental in establishing the Water Emergency Team to proactively protect Arizona’s water supply, and recently introduced the Arizona Energy Modernization Plan calling for 80 percent of the state’s electricity generation to come from clean energy by 2050.

The Arizona Corporation Commission was established by the state’s constitution to regulate public utilities and business incorporation. The five Commissioners elected to the Corporation Commission oversee executive, legislative, and judicial proceedings on behalf of Arizonans when it comes to their water, electricity, telephone, and natural gas resources as well as the regulation of securities, pipeline, and railroad safety. To learn more about the Arizona Corporation Commission and its Commissioners, visit
www.azcc.gov