9/99: Under APS's settlement agreement was approved. Residential rates will be reduced 7.5 percent over 4 years, and large users' rates 5 percent over 3 years.

5/99: In the proposed APS settlement agreement, rates will be reduced 7.5 percent for residential and small business and 5 percent for industrials over the next 4 and 3 years, respectively. If approved, the residential and small business reductions would total 16 percent over 10 years, including the rate reductions from 1994. TEP's settlement includes a more modest rate reduction of 1 percent in July 1999 and in July 2000 with rates frozen at the July 2000 level until 2008.

1/99: The Salt River Project's restructuring plan includes a 5.4-percent residential rate reduction.

9/99: The ACC approved the settlement agreement with APS for restructuring. The APS will open 20 percent of its retail territory to competition by October 1, 1999, and all of it by January 1, 2001. Residentail rates will be reduced 7.5 percent over 4 years, and large users' rates will be cut 5 percent over 3 years. APS will be allowed to recover $350 million in stranded costs over the 5-year transition period. The residential shopping credit is set at 4.5 cents and large users' at 3 cents. APS is required to transfer its generation assets to an affiliate company.

5/99: The ACC and the Arizona Public Service reached a settlement agreement (still subject to ACC approval and public hearings). The agreement includes 7.5-percent residential and small business rate reductions spread from 1999 to 2003, and a 5-percent industrial rate reduction over the period 1999 to 2002. The plan will allow recovery of stranded costs through a competitive transition charge through December 2004. Additionally, the agreement maintains APS's low income program.

1/99: The Salt River Project opened about 20 percent of their market to retail competition. However, only one alternative supplier (PG&E) is licensed to sell to only commercial and industrial consumers. SRP's restructuring plan includes a 5.4-percent rate reduction for consumers remaining with SRP. SRP is not under jurisdiction of the ACC and thus not effected by the court ruling that has delayed competition in the investor-owned utilities' territories.

1/99: The ACC delayed retail access when the State Supreme Court decision put a stay on the restructuring settlements submitted by APS and Tucson Electric with the ACC. The restructuring settlements previously filed by APS and Tucson Electric with the ACC, were withdrawn.