Ms. Janet Craig reports
TUCSON ELECTRIC POWER COMPANY (TEP) RATE CASE PROGRESSES; REACHES SETTLEMENT AGREEMENT ON REVENUE REQUIREMENT
Tucson Electric Power Company (TEP), a subsidiary of Fortis Inc., has reached a settlement agreement with several parties regarding TEP's revenue requirement in its rate-case proceeding pending before the Arizona Corporation Commission (ACC). The agreement is available on the ACC's website. TEP also filed Form 8K with the U.S. Securities and Exchange Commission respecting the settlement agreement. A copy can be found at the SEC website.
An ACC administrative law judge will issue a recommended opinion and order following the conclusion of planned hearings. That recommendation is then subject to review and approval by the ACC before new rates can become effective.
About Fortis
The corporation's asset mix is approximately 94 per cent regulated (69 per cent electric and 25 per cent gas), with the remaining 6 per cent composed of non-regulated energy infrastructure.
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