SRP to Host Open House Events to Share Information on Pricing Proposal

WHAT:
Salt River Project (SRP) invites its customers to two open house events to learn more about the pricing proposal recently submitted for review to its publicly elected Board of Directors.

The proposal seeks an overall 2.4 percent price increase. This price change reflects a proposed increase of $168.8 million in base revenue to support upgrades to the power system and an anticipated decrease of $67.7 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 $5.64, 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:

Open House #1
Tuesday, January 7, from 6:30 to 9:30 p.m. 
Glendale Community College - Student Union
6000 W Olive Ave.
Glendale, AZ 85302
(Parking located off 61^st Ave.)

Open House #2
Thursday, January 9, from 6:30 to 9:30 p.m.
ASU Polytech - Student Union
5999 S Backus Mall
Mesa, AZ 85212
(Free parking in Lot 10)

VISUALS:

·       Members of the public meeting with SRP to learn more about the pricing proposal.

·       Information about the pricing proposal.

·       Interview opportunities will be available with SRP.

DETAILS:
SRP customers and stakeholders can also learn more about the pricing proposal and upcoming public meetings and also 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. 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 approximately 1.1 million customers. SRP provides water to about half of the Valley’s residents, delivering more than 244 billion gallons of water (750,000 acre-feet) each year, and manages a 13,000-square-mile watershed that includes an extensive system of reservoirs, wells, canals and irrigation laterals.