arizona proposition may impact renewable energy projects

Arizona could see a new era of wind and solar energy construction depending upon the results of a controversial statewide proposition to be decided on by voters on November 6.

Proposition 127, if passed, would require a certain percentage of renewable resources as part of the overall grid for electric companies in the state.

That percentage would start out at 12 percent in 2020, and gradually increase to 50 percent by 2030.

As defined by the ballot language, the renewable energy component would also include geothermal, biomass, and some kinds of hydro power.

A bill passed by the Arizona State Legislature earlier this year empowers the Arizona Corporation Commission with enforcing the percentage requirements of the proposition if it is passed.

A group called NextGen Climate Action, a national organization concerned with climate change issues, is one of the main supporters of the proposition. That group is funded by well-known billionaire hedge fund manager and environmentalist Tom Steyer.

A different group called Arizonans for Affordable Electricity is being funded by the Pinnacle West Capital Corporation, parent company to the state’s largest public utility, the Arizona Public Service Company, and has come out in opposition to the proposition.

By Garry Boulard

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