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Sponsor: securitization bill aims to lower costs, protect reliability and attract businesses, commission must find savings
Summary
Representative Griffin said Senate changes improved a securitization bill that requires the Arizona Corporation Commission to find that any securitization proposal will lead to lower costs for consumers; he offered handouts for further information.
Representative Griffin told the House that Senate amendments improved a securitization bill intended to protect reliability, lower costs for consumers and attract businesses. "The senate made some changes that made the bill even better. It's to protect protect reliability, lower cost for consumers, and attract more businesses to jobs in the state," Griffin said on the floor.
Griffin said the Arizona Corporation Commission must find that a securitization proposal will result in lower costs; he offered additional materials to colleagues and invited members to consult him for more information. The transcript records the sponsor's concurrence with Senate amendments; the excerpt does not include a final vote or the text of the Commission's required findings beyond the sponsor's summary.
Discussion vs. decision: the sponsor recorded concurrence with Senate amendments and described the bill's purpose and administrative requirement; the transcript excerpt does not contain a recorded roll-call outcome.
