Hearing - WS-01303A-24-0130 - Epcor Water Arizona Inc. - Jul 28, 2026

meeting

Arizona Corporation Commission 4h 31m 7 agenda items transcribed 3 days ago official recording ↗

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Transcript generated automatically by AI and may contain errors.

What administrative matters are addressed at the beginning of the hearing?

Judge (Presiding Commissioner) 0:01

Good morning, everybody. We're going to go back on the record. Is there anything that we need to deal with administratively this morning before we start with Mr. D'Ascendis?

Mr. Stein 0:12

Nothing from us, Your Honor.

Mr. Pazewski 0:14

Just a heads up, Your Honor. I know I'm trying to keep our schedules all in mind, and I know the desire to move this forward, so... Just looking at a couple witnesses, we have Mr. Descendants today, Mr. Rozelle, I know I don't have a lengthy cross for Mr. Bezell and I don't think my colleague here has a lengthy cross for Mr. Descendants. And I imagine the cross is gonna probably mostly come from us and you.

Unknown 0:44

Mr. Pazewski 0:45

just with that in mind, I'm just kind of wondering, do you think it's possible we could get to Mr. Madsen today? I'd like to put him on notice if that's something. That could happen.

Unknown 0:59

Maybe.

Mr. Pazewski 1:01

All

Unknown 1:01

right. Yeah, maybe.

Mr. Pazewski 1:03

All right. I will put them on notice, and then we can go from there. Okay,

Unknown 1:07

great. Thank

Judge (Presiding Commissioner) 1:08

you. All right. So would you like to call Mr. D'Ascendis? I see that he's on WebEx.

Mr. Stein 1:15

Yes, Your Honor. The company calls Mr. D'Ascendis.

Judge (Presiding Commissioner) 1:18

Okay. And sorry, I'm always going to be looking at Mr. Gelman. I'm sorry, Mr. Stein.

Mr. Stein 1:22

It's totally fine. Good morning, Mr. DeSantis. Can you please, or I'm sorry, has he been sworn in?

Unknown 1:32

Not yet.

Mr. Stein 1:33

I'm sorry about that. Jumped again.

Court Reporter 1:37

Good morning. Do you solemnly swear or affirm that the testimony you're about to give will be the truth, the whole truth, and nothing but the truth? Yes. Thank you.

Mr. Stein 1:48

Good morning, Mr. DeSantis. Can you please state your full name and business address for the record?

Dylan DeAscisends 1:55

Yeah, sure. It's Dylan, D-Y-L-A-N, William, the ascendancy, apostrophe, capital A-S-C-E-N-D-I-S. My business address is 1820 Chapel Avenue West in Cherry Hill, New Jersey, 08003.

Mr. Stein 2:15

And who is your employer and what is your position?

Dylan DeAscisends 2:19

I'm a partner at Scott Madden Inc.

Mr. Stein 2:21

And In your position, what are your roles and responsibilities?

Dylan DeAscisends 2:28

I provide expert testimony in proceedings like this in subjects such as ROE, cost of service, valuation.

Mr. Stein 2:40

And were you asked to provide testimony in this case?

Dylan DeAscisends 2:43

Yes.

Mr. Stein 2:45

Do you have EPCOR's exhibit binder or digital exhibits in front of you?

Dylan DeAscisends 2:52

I do.

Mr. Stein 2:53

Can you please turn to what's been marked as Exhibit A25? Yes, I'm there. Okay. And what is that document in front of you?

Dylan DeAscisends 3:05

It is my direct testimony.

Mr. Stein 3:07

Okay. And could you please go to Exhibit A28? Okay. And what is that document?

Dylan DeAscisends 3:17

My rebuttal testimony.

3:18

Okay.

Mr. Stein 3:18

And sorry for the repetition, one more time, could you please go to Exhibit A33? I'm there.

Dylan DeAscisends 3:26

And

Mr. Stein 3:28

what is that document?

Dylan DeAscisends 3:30

My rejoinder testimony.

Mr. Stein 3:32

So these are the three phases of testimony that you filed in this case? Yes, sir. Was testimony prepared by you or under your direction? It was. I guess to the extent modified in your rebuttal or rejoinder testimony, apart from that, would your answers, if I asked you questions about your testimony, be as they appear in the various phases of testimony? They would. Okay. Your Honor, at this time, the company would move for admission of exhibits A25, A28, and A33.

Judge (Presiding Commissioner) 4:10

Are there any objections to the admission of A25, A28, and A33? No objections.

Mr. Pazewski 4:17

No objections, Your

Judge (Presiding Commissioner) 4:18

Honor. Okay. Exhibits A25, A28, and A33 are amended.

Mr. Stein 4:22

Thank you. Mr. De Ascendis, before I tender you for cross-examination, do you have anything else you'd like to add or clarify regarding your testimony? No. Your Honor, at this time, the company is making Mr. De Ascendis available for cross-examination. Thank you, Your Honor.

Judge (Presiding Commissioner) 4:40

OK. Whose turn is it? Mister, is it you miss Cole?

Jen Berrios-Cole 4:45

It will be your honor.

Judge (Presiding Commissioner) 4:46

OK.

Jen Berrios-Cole 4:49

Mr Day, send us good morning.

Unknown 4:52

Good morning,

Jen Berrios-Cole 4:53

so you're the screen on which I see you is sort of to my side, so I may not be looking at you directly, but please let me know if you cannot hear. You do not understand a question I ask you, OK?

Dylan DeAscisends 5:08

You're going to need a massage after this with the neck crane

Jen Berrios-Cole 5:12

done. Oh, thank you, Dan. Yeah, I need one anyway, so no worries. That's helpful. Jen, does that still work for you? Great, thank you. All right, Mr. D'Ascenda, so you were involved in phase one of this rate case as well, right? I

Unknown 5:30

was.

Jen Berrios-Cole 5:30

And you provided in phase one cost of capital testimony? Yes.

Unknown 5:35

Jen Berrios-Cole 5:36

did. And the purpose of that testimony generally was using a proxy group to employ estimation models in order to estimate the return on equity?