Arizona’s skill to make sure that job creators have entry to protected, dependable, low-carbon pure gasoline is essential to our state’s aggressive benefit over different states. I speak to employers on a regular basis who’re Arizona to speculate and develop, and our capability to ship a wide range of inexpensive power sources offers Arizona a leg up.
However the significance of pure gasoline to the Arizona economic system is a indisputable fact that Southwest Fuel’ critics both ignore or deny. There’s a predictable narrative that comes from out-of-state activist teams which are extra focused on advancing an agenda untethered from the realities of in the present day’s economic system than they’re in making certain inexpensive power charges for Arizona shoppers.
Subsequent week, the Arizona Company Fee can set the document straight and rise up for purchasers throughout the state by approving the speed case filed by Southwest Fuel in 2021. Commissioners, together with the ACC’s two latest members, will maintain an open assembly to think about the findings of an administrative legislation choose within the case. On behalf of the Arizona Chamber of Commerce & Business, I strongly encourage the commissioners to simply accept the choose’s conclusions and reject the arguments from particular curiosity teams who don’t have any stake in Arizona’s financial well being and who would favor Arizona job creators have entry to fewer power selections, by no means thoughts that it could hit Arizona shoppers within the pockets.
The skilled activists ignore that the total spectrum of the Arizona economic system depends upon a various power portfolio that features pure gasoline, whether or not it’s superior manufacturing, the place Southwest Fuel infrastructure helps to make the multi-billion-dollar funding by TSMC doable, or well being care, the place the state’s main healthcare establishments rely on pure gasoline for twenty-four×7 power, tourism and its world-class eating places, the place cooks rely on pure gasoline kitchen home equipment, and agribusiness, the place pure gasoline is utilized in greenhouse heating methods, powers farm gear, and aids within the manufacturing of fertilizer.
These industries all create 1000’s of jobs and improve the standard of life throughout the state, contributing to one of many nation’s finest performing economies. In actual fact, the most recent version of Wealthy States Poor States, the annual state-by-state evaluation of financial environments, ranks Arizona 1st within the nation for financial efficiency and third nationally for financial outlook.
But it surely’s not one thing policymakers can take as a right. We’ve seen what dangerous power insurance policies can do, dramatically undermining in any other case enticing tax and regulatory environments.
Demand-driven summer season brownouts in California or a winter grid failure in Texas aren’t simply inconveniences; they sow doubt within the minds of employers who want round the clock uptime to satisfy their clients’ wants they usually trigger clients’ payments to spike. It’s sufficient to provide financial builders sleepless nights.
The Southwest Fuel charge proposal earlier than the Company Fee is a accountable one. It helps guarantee a contemporary and protected pure gasoline distribution system that not solely will maintain clients’ charges inexpensive, however that may also encourage additional financial progress for Arizona and can meet the calls for of a rising state. Commissioners ought to settle for the choose’s findings and proceed the dependable and inexpensive supply of a sought-after power supply to maintain Arizona companies buzzing.
Danny Seiden is president and CEO of the Arizona Chamber of Commerce & Business.