WHO WILL BE HURT BY THESE MANDATES?
Every Arizonan. Utilities will be forced to increase their electric rates on all customers, including business and industry
WHY SHOULD YOU CARE?
Prop 127 will significantly increase the cost of electricity; Arizonans would see their electric bills go up by roughly 40%. People on fixed incomes and small businesses will be hit the hardest. This will impact your household budget and force thousands of rural Arizona families to choose whether to pay for medicine, rent/mortgage, or put food on the table. Curious how Prop 127 would impact you and your family? Use our bill calculator here.
AREN’T UTILITIES ALREADY INVESTING IN RENEWABLE ENERGY?
Arizona utilities have significantly invested in solar energy for many years. Since 2012, Arizona has ranked in the top three in the country for U.S. solar energy production. While other renewable sources identified by the initiative can be found in Arizona, they are not as dependable or readily available.
Renewables are highly location-dependent. Unlike California, Arizona does not have affordable access to wind and geothermal. Arizona does have access to solar, but
What is Proposition 127?
Proposition 127 requires affected electric utilities to provide at least 50% of their annual retail sales of electricity from renewable energy sources by 2030. The Amendment defines renewable energy sources to include solar, wind, small-scale hydropower, and other sources that are replaced rapidly by a natural, ongoing process (excluding nuclear or fossil fuel). Distributed renewable energy sources, like rooftop solar, must comprise at least 10% of utilities’ annual retail sales of electricity by 2030. The Amendment allows electric utilities to earn and trade credits to meet these requirements.
Who's Behind the Initiative?
Tom Steyer, a hedge fund manager, who has made billions while investing in fossil fuels, but now is a financial backer of multiple clean energy companies who stand to make millions should Arizona be forced to comply with the arbitrary mandates being proposed. In fact, the New York Times, describes him as the “main financial backer of Greener Capital, a venture firm that invests in renewable energy start-ups.”
In addition to increasing his investments in solar companies, Tom Steyer has plowed millions of dollars into his organization, NextGen America, in recent years. This organization has been pursuing aggressive mandates to force states to increase their share of renewable energy. In the past year, NextGen America has pursued this agenda in Michigan, Nevada…and Arizona. It’s clear that Mr. Steyer and NextGen America don’t care about what’s best for Arizona, their only concern is pursuing their financial gain and political agenda at all costs.
“Mr. Steyer, the founder of Farallon Capital Management, is the main financial backer of Greener Capital, a venture firm that invests in renewable energy start-ups.”
“(Steyer) is an aggressive activist for more federal environmental regulation and taxpayer backing for green energy companies.”
HOW MUCH WILL THIS MANDATE COST ELECTRIC CUSTOMERS?
This mandate will require utility customers to spend billions of dollars on expensive battery storage, wind, and solar generation. The costs for each and every Arizonan would range from $500-800 per year or $45-65 per month.
WHO WILL BE HURT BY THESE MANDATES?
WILL MY ELECTRICITY BE LESS RELIABLE?
This is one of the biggest concerns with the mandates proposed by this ballot initiative. Relying more heavily on sources of energy that are intermittent (when the sunsets, or the wind stops blowing) creates a dangerous situation. If a power supply is not readily available to continue power delivery, services will be disrupted. Although the initiative attempts to address this concern by requiring battery storage, this technology is not yet proven and deployed at the scale that the grid will require.
What happens when weather events last longer than anticipated and the batteries run out?
“The addition of substantial levels of wind and solar resources to an electric energy grid raises significant reliability concerns at the transmission system level because these resources operate intermittently and, unlike other generating resources, they do not spin in synchronism with the grid. An electric grid is a large complex machine that must have many needs attended to in order to function properly. Dependable rotating generation operating in synchronism across the power system enabled the evolution of the modern grids. Without due regard to the issues of intermittency, voltage control, frequency control, and grid inertia an electric grid cannot operate reliably and stably. If the first world continues to expect affordable electricity, when we want it and in whatever quantity we want, these needs must be met.”
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