Tucson Weighs Public Power vs. TEP Rate Hike
Tucson News Today | 2 Min Now | The Daily News Now! · The Daily News Now!
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Show Notes
Tucsons electricity rates may surge due to Tucson Electric Powers proposed 14% increase. However, the city is exploring the option of establishing a public utility to potentially curb costs. A feasibility study suggests a municipal power company could result in lower bills and improved efficiency, similar to the citys water utility. Supporters argue that private companies burden customers with grid upgrades and profits, making bills unaffordable. Tep, however, claims that purchasing their assets would cost taxpayers over $4 billion and raise bills by nearly $6 billion over 20 years. They also warn of potential service reliability issues and point to successful public power systems in cities like Austin and Los Angeles. Next month, leaders will vote on agreements with Tep that could determine the citys energy future.
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