Schedule 1/01: The Salt River Project made 20 percent of their 1995 retail peak load available for competition on December 31, 1998 and opened its entire service territory to competition on June 1, 2000. Arizona Public Service opened 20 percent of their retail load to competition on October 1, 1999, and Tucson Electric Power opened 20 percent of its retail load to competition on January 1, 2000. Retail access was fully implemented by January 1, 2001.
Rates 11/99: TEP's settlement agreement was approved and requires a 1 percent rate reduction and a rate freeze through 2008.

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.

Utility Plans 11/99: The ACC approved TEP's restructuring agreement. The agreement will allow recovery of $450 million in stranded costs collected from ratepayers through 2008; rate reductions of 1 percent and frozen from July 2000 to 2008; and retail access beginning with 20 percent of TEP's retail load 60 days after ACC approval (January 2000), and all customers by January 2001. TEP's generation assets will be transferred to an affiliate company by the end of 2002.

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.

Additional Information 3/00: The Arizona Restaurant Association is organizing a buying block for its members. A potentially large group of commercial consumers in the Arizona Public Service territory may switch to an alternative electricity supplier, New West Energy, the marketing arm of the Salt River Project. Members in other service territories, Tucson Electric and SRP, may also negotiate for an alternative supplier. New West Energy will provide the Association's members electricity at a savings and various services including energy efficiency audits to enhance energy savings.

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.