Tucson Electric Power Co
Total capacity of implemented projects
10 - 50 MW
Countries of projects presence
1
Tucson Electric Power Co (TEP) is a public utility company that provides electricity to the Tucson metropolitan area and surrounding communities in Arizona. The company is a subsidiary of UNS Energy Corporation, which is itself a subsidiary of Fortis Inc, a Canadian utility holding company. TEP has been in operation since 1892 and has a long history of providing reliable and affordable electricity to its customers.
TEP operates in the Integrated Electric Utilities sector, which is a highly regulated industry that provides electricity to residential, commercial, and industrial customers. The company's primary business is the generation, transmission, and distribution of electricity to its customers. TEP owns and operates several power plants, including natural gas, coal, and solar facilities. The company also purchases power from other utilities and independent power producers to meet the needs of its customers.
In recent years, TEP has been actively developing renewable energy projects in an effort to reduce its carbon footprint and meet the growing demand for clean energy. The company has set a goal of achieving a 30% renewable energy portfolio by 2030, which is a significant increase from the current level of 13%. To achieve this goal, TEP has invested in several solar and wind projects, including the 100 MW Red Horse II Wind and Solar project, which is expected to come online in 2021.
TEP's commitment to renewable energy is not only driven by environmental concerns, but also by economic considerations. Renewable energy sources such as solar and wind are becoming increasingly cost-competitive with traditional fossil fuels, and TEP is taking advantage of these trends to provide its customers with affordable and sustainable energy options. The company has also implemented several energy efficiency programs to help customers reduce their energy consumption and lower their bills.
In addition to its core business of providing electricity, TEP is also actively involved in the communities it serves. The company supports several local non-profit organizations, including the Community Food Bank of Southern Arizona, the Tucson Urban League, and the Boys and Girls Clubs of Tucson. TEP also provides scholarships and internships to local students pursuing careers in the energy industry.
TEP has a strong commitment to safety, both for its employees and its customers. The company has implemented several safety programs and training initiatives to ensure that its employees are equipped to work safely in all conditions. TEP also provides safety tips and resources to its customers to help them stay safe around electricity.
TEP is subject to regulation by several government agencies, including the Arizona Corporation Commission and the Federal Energy Regulatory Commission. These agencies oversee the company's rates, operations, and compliance with environmental and safety regulations. TEP is also subject to competition from other utilities and independent power producers, which can affect its ability to provide affordable and reliable electricity to its customers.
In conclusion, Tucson Electric Power Co is a public utility company that provides electricity to the Tucson metropolitan area and surrounding communities in Arizona. The company operates in the Integrated Electric Utilities sector and is actively developing renewable energy projects to reduce its carbon footprint and provide affordable and sustainable energy options to its customers. TEP is committed to safety, community involvement, and regulatory compliance, and is well-positioned to meet the evolving needs of its customers and the energy industry as a whole.