TEP Seeks New 2023 Rates to Support Reliable Service, Cleaner Energy
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
fortisinc.com/investor-relations/investor-relations
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Source: Business Wire
TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) is seeking updated rates in late 2023 to support safe, reliable service and its transition to cleaner energy. The proposed rates would cover the cost of new wind and solar energy resources, grid improvements, technology and security upgrades and other key investments that support service reliability, including:The Oso Grande Wind project in southeastern New Mexico, which produces enough clean energy to satisfy the annual energy needs of nearly 100,000 Tucson homes.New substations, substation upgrades and other improvements to TEP’s local energy grid.New IT systems that facilitate smart grid operations and participation in regional energy markets.Safer, more secure facilities that provide enhanced protection against increasing physical- and cyber-security threats and support efficient operations.TEP’s request, filed today with the Arizona Corporation Commission (ACC), would increase the average monthly bills of typical res
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