SRP Board of Directors to hold Special Meeting to Discuss and Decide on Pricing Proposal
WHAT:
The Salt River Project’s (SRP) publicly elected Board of Directors will hold a Special Board of Directors meeting to discuss SRP management’s pricing proposal and is expected to vote on whether to approve it. The Board of Directors has met previously to learn more about the proposal, has heard from stakeholders and members of the public, and reviewed hundreds of public comments.
The proposal seeks an overall 2.4 percent price increase. This price change reflects a proposed increase of $169.1 million in base revenue to support upgrades to the power system and an anticipated decrease of $68.7 million in fuel and purchased power revenues, which are recovered through the Fuel and Purchased Power Adjustment Mechanism (FPPAM) rate.
If approved by SRP’s Board of Directors, the average residential customer using 1,117 kilowatt-hours (kWh) a month will see a monthly bill increase of 3.5 percent, or $5.61, effective with the November 2025 billing cycle. Actual bill impacts will vary based on customer usage and price plan.
Other elements of the pricing process proposal include:
- Increasing the limited-income Economy Price Plan bill credit and expanding program eligibility so more customers can participate
- Tiered residential monthly service charges
- New price plans with super-off-peak daytime time-of-use hours
- Freezing new participation in some current time-of-use price plans
WHEN/WHERE:
Thursday, Feb. 27 at 9:30 a.m.
SRP Public Administration Building
1500 N. Mill Ave.
Tempe, AZ 85288
Attendees must present a valid state I.D. and check in at the SRP security desk.
A link to watch the special board meeting live via Zoom will be available at srp.net/srpprices. Comments and questions can be submitted through srp.net/srpprices.
DETAILS:
SRP customers and stakeholders can also learn more about the pricing proposal and submit comments and questions at srp.net/srpprices.
This meeting will include public comment, presentations from SRP management and Board discussion, consideration, and a potential vote on SRP Management’s request for approval.
Any approved changes would take effect with the November 2025 billing cycle.
SRP is a community-based, not-for-profit public power utility and the largest electricity provider in the greater Phoenix metropolitan area, serving about 1.2 million customers. SRP provides water to about 2.5 million Valley residents, delivering 260 billion gallons of water (800,000 acre-feet) each year, and manages a 13,000-square-mile watershed that includes an extensive system of reservoirs, wells, irrigation laterals, and 131 miles of canals.