SRP Board of Directors to Hold Special Meeting to Discuss Pricing Proposal

WHAT:

The Salt River Project’s (SRP) publicly elected Board of Directors will hold its first of four planned Special Board of Directors meetings to learn more about the SRP pricing proposal and take public comment.

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 publicly elected 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 to $25 a month 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:

Friday, January 31, 9:30 a.m. – 1:30 p.m.
- Presentations: 9:30 a.m. – 12:30 p.m.
- Public Comment: 12:30 p.m.– 1:30 p.m. 

(Please note this meeting will end no later than 1:30 p.m. Additional public comment times will be available at the Feb. 6 and Feb. 11 Special Board Meetings)

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 meeting live via Zoom will be available at srp.net/srpprices. No comments will be taken from online viewers. Comments and questions can be submitted through srp.net/srpprices.

VISUALS:

• SRP management presentation to SRP Board of Directors
• Customers commenting on proposal

DETAILS:

SRP customers and stakeholders can also learn more about the pricing proposal and submit comments and questions at srp.net/srpprices.

SRP’s Board of Directors will conduct a detailed review of the pricing proposal at multiple Special Board of Directors Meetings and consider public feedback before making a decision. At the first meeting, SRP management will present its pricing proposal, the Board’s consultant and management’s advisors will provide their insights, and from 12:30 p.m. until 1:30 p.m. the meeting will be dedicated to public comments.

Other Special Board of Directors Meetings are planned for:

• Thursday, February 6, 9:30 a.m. — Stakeholder presentations, Additional Public Comments, and Management and Board Consultant Responses to Public Comments
• Tuesday, February 11, at 9:30 a.m. — Stakeholder presentations, Additional Public Comments, and Management and Board Consultant Responses to Public Comments
• Thursday, February 27, at 9:30 a.m.  — Anticipated Final Vote

Any approved changes would take effect with the November 2025 billing cycle.