Critics of utility measure urge veto if it lands on Hobbs’ desk
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- (Last Updated On: May 8, 2025)
Democratic lawmakers, former members of the Arizona Corporation Commission and other advocates continue to sound alarm bells over a bill that would allow public utility companies to securitize assets as the possibility of significant amendments or a veto remains uncertain. At a press conference on April 29, Democratic Sens. Priya Sundareshan and Lauren Kuby were joined by former commissioners Sandra Kennedy and Bob Burns in calling on Gov. Katie Hobbs to veto the controversial House Bill 2679. The bill allows utility companies to transfer debt into low-interest bonds that can be sold to recoup funding from aging or inefficient assets, such as old coal-fired power plants.