ARIZONA FUEL FUNDS
- While most fuel funds operate through a combination of utility, customer, and
shareholder contributions, Arizona has a fuel fund endowed specifically by utility
shareholders, and which operates on interest generated from endowments.
In 1996, Tucson Electric Power Company set aside $4.5 million in shareholder funds for the
Low-Income Fund for
Emergencies (LIFE) Fund. The interest generated from the fund has been used to offset cuts
in LIHEAP. It is administered by the Salvation Army.
- Tucson Electric Power's Help with Emergency Energy Relief Operation (H.E.E.R.O.) invites
their customers to round up their electric bill payment to the next dollar. The
balance is donated to a fund, managed by the Salvation Army, which makes one-time payments
on energy bills for low-income customers. Leveraging funds for H.E.E.R.O. amounted
to $107,566 in 2002.
LEVERAGING (includes church and community donations)
2002: $476,103
2001: $625,450
2000: $582,962
1999: $367,826
1998: $407,452
1997: $496,252
1996: $144,087
1995: $125,823