Hearing - E-01933A-25-0103 - Tucson Electric Power Company **Tucson**
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What procedural changes are being introduced at the start of the hearing?
Morning, everyone. Welcome back to the Arizona Corporation Commission. This is the time set to continue the hearing in TEP's rate case. Docket number twenty five ending twenty five zero one zero three. I will note for the record that Commissioner Marques Peterson has joined us today and is listening. In Um I'm learning in this process, so we're gonna start doing a few things a little bit differently. I am not gonna take attendance anymore. At the start of the hearing it it's on the parties to ensure that they are monitoring the proceedings, are present on behalf of their clients when they need to be. You don't need to tell me if you don't intend to be here. Um And I'm not gonna reflect it in the record. It's on
You're on your own at this point. I also want to do cross a little bit differently and we'll start this tomorrow so that everyone has If you know that you will be asking questions of a witness, please tell the attorney or the representative that you intend to do so, either in person if you're here. Or via email. when that witness is tendered for cross. Attorney c or representative can tell me. the list of who intends to cross them and I will stop calling on i everyone individually. I will call on the list that I'm given and then give an opportunity for anyone who you know, has changed their mind at the last minute. Okay.
I I want to make sure I understood you perfectly so I don't botch this. So with respect to each witness, we should let the corresponding attorney know I'm going to cross your witness and then that attorney will provide the list of who's crossing to you.
They will keep a short list and they will tell me that list when they tender their witness for cross.
Got it. Thank you, Your Honor.
And if someone has a better suggestion than that, um, I'm open to it, but I think what we've been doing is not a great use of time. Okay.
Your Honor? Yes,
Mr. Nuss said.
So one of the things that we are currently in the process of doing in the APS version of this case that might be slightly easier than the suggestion you had was the parties have agreed to exchange by email to everybody a list of all of the witnesses that they have an intention to cross. Um and I just offer up by way of small process modification that it might be easier. If we all sort of agreed that you know, later today or tomorrow, whatever the time frame is, that we just all share with all of the parties the list of the people instead of sending nineteen different emails to the different parties. Anyway, I just offer that as a that's the way we're doing it in the APS case and that seems to be working pretty well.
And that's f that's fine. I was trying to not make the parties file a bunch of things. Do a bunch of things. Since a lot of you are in the room, you can just tell each other. But if if it makes more sense to just kinda send a holistic list and then provide me a copy of that list. Mr. Patton, do you have an opinion?
Um I I think Mr. Nelson's proposal of just emailing between the council is probably more effective without having to have additional filings in the docket. And then we'll have that information. We can form your honor. Um When the witness is on.
Okay. Let's do that. Um I don't think anything needs to be filed in the docket. Just kind of figure it out amongst yourselves and let me know. You can either provide me a holistic list or you can tell me at the start of cross. It doesn't matter. I just don't wanna keep calling on everyone. Um Okay, we have some hands raised. Miss Reyes?
Um yes, I just wanted to mention that if um through the the process of cross-examination we do develop questions, there might be an opportunity to ask then.
Absolutely. Absolutely. I will always give an additional opportunity for cross that people have come up with. I d I'm just trying to avoid the calling on everyone so just for them to say no questions. And I think that'll be better for people because then you you can step away if you need to or want to and you don't feel like you have to be sitting there waiting for me to ask you if you have questions that you don't have.
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Agenda
8 items
1
What procedural changes are being introduced at the start of the hearing?
0:01–21:53
2
How does the discussion shift to the proxy‑group methodology and cost‑of‑equity analysis?
21:53–1:10:51
3
Why are multi‑year rate plans and the A‑RAM being examined later in the hearing?
1:10:51–2:15:25
4
What is the expert’s view on ROE, the Hope case, and the relationship between authorized ROE and market cost of equity?
2:15:25–3:25:33
5
How does the discussion shift to market‑to‑book ratios, CMA surveys, and the expert’s cost‑of‑capital methodology?
3:25:33–4:16:25
6
What questions are asked about TEP’s proposed formula‑rate (A‑RAM) mechanism, capital‑structure analysis, and regulatory risk?
4:16:25–4:28:43
7
What is the proposed ARAM test period and how does it compare to TEP’s forecast year?
4:28:43–4:42:35
8
How does the expert explain the impact of ARAM and other revenue‑stabilizing mechanisms on TEP’s risk and ROE?
4:42:35–7:10:32
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