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 (includes church and community donations)
2007: $2.3 million
2006: $1.6 million
2005: $1.8 million
2004: $1.8 million