Briton Baxter

speaker

3,030 appearances 30 recordings 1 series first heard Sep 2025 last heard 10 Sep

Briton Baxter’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 28 in all, peaking in Apr 2026 with 5.

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Arizona Corporation Commission · Open Meeting - September 10, 2026 - Sep 10, 2026 · 10 Sep 2026 meeting

We appreciate the work that Judge Nichols has done and his careful consideration of the settlement agreement.

However, we believe the rus presented before you today make significant modifications to the settlement agreement agreement that are a little problematic.

To staff.

We believe the settlement agreement kind of appropriately balances the interest of the company and the customers, allows for a nominal rate increase, and a path forward in terms of balancing the capital structure and future rate requests.

With that, I'll let Mr.

Crockett speak specifically to the exceptions, and we're available for any questions the commissioners might have.

covering.

Thank you, Commissioner Lopez, for the question.

Excuse me.

Um in my experience on the waterside anyways, uh in terms of hypothetical capital structures, they're used relatively infrequently.

I can think of global maybe being a similar entity where we used sort of a parent as a hypothetical capital structure.

Uh first let me say we appreciate Judge Nichols saying our original recommendation was reasonable.

And and the reason why we went with this is kind of historical.

So in the last rate case, the company did come in with a hundred percent equity.

Our original proposal in that case was 50-50.

Um the commission ultimately approved the hundred percent with the directive to work on balancing the capital structure.

When the company filed the eighty-five fifteen, we did

So sometimes our initial

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