Regulators approve new Tucson Electric finance plan

Tucson Electric Power Headquarters
Tucson Electric Power Headquarters

By David Wichner | Arizona Daily Star

The Arizona Corporation Commission has approved a new financing plan for Tucson Electric Power Co. that the company and regulators say will boost TEP’s financial health and lower ratepayer costs over time.

During a meeting in Phoenix on Tuesday, the commission also raised the overall cap on TEP’s long-term debt to $2.2 billion, up from $1.7 billion.

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