AZ HB2912

Requires electric public service corporations to submit integrated resource plans to the Arizona Corporation Commission for review and approval at least every three years, projecting energy demand for the next 15 years under low, medium, and high growth scenarios.

Mandates that resource plans analyze total capital and operating costs, reliability value, and identify the combination of generation plants that results in the lowest lifetime revenue requirement while ensuring safe and reliable service, explicitly prohibiting plans designed to satisfy carbon or emissions reduction goals.

Requires the Commission to obtain an independent third-party evaluation before approving or denying any integrated resource plan, verifying the utility's data and providing alternative analyses on load growth, costs, and reliability.

Establishes that all requests for proposals for electricity generation must be competitive, technology-agnostic, and open to all generation types, prohibiting discrimination against resources based on carbon emissions and prioritizing reliability and affordability.

Requires the Commission to appoint an independent monitor to oversee each request for proposals process, with utilities reporting results and providing evidence supporting their resource selection decisions.