Azinvestor.gov
Title
Securities Division :: Corporation Commission :: Investor Education Web Site
Description
Regulates over 500 public utilities serving the state, including setting the rates and charges for service and ensuring adequate, reliable service,
The authors of the Arizona Constitution created the Commission in 1912 as an agency independent of the legislature, the executive branch or the judiciary. The Commission is an unusual public entity in that only a handful of other states have constitutionally formed commissions. Then, as now, the goal was to have an agency that could balance the enormous economic power wielded by large corporations-such as the railroads of that era-with the needs of ordinary citizens.
The Commission is headed by five commissioners. Each Commissioner serves a four-year term with the ability to serve a maximum of two consecutive terms. In case of a vacancy, the Governor appoints a replacement of the same political party as the outgoing Commissioner.
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