FOR IMMEDIATE RELEASE
March 4, 2024
Contact:
Caryn Potter, Southwest Energy Efficiency Project (SWEEP) | cpotter@swenergy.org, 602-312-1345
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[PHOENIX, AZ] – Salt River Project’s (SRP) Board of Directors adopted improved sustainability goals through 2035 for the Arizona-based public power utility. The new commitments were adopted after a seven-month stakeholder engagement process that sought input from local governments, corporations, universities, and public interest organizations, including the Southwest Energy Efficiency Project (SWEEP).
The 14 updated goals are considered a subset of SRP’s larger corporate objectives, demonstrating SRP’s recognition of sustainability’s role in maintaining affordable and reliable power. They include commitments for the utility to reduce carbon emissions from its generation fleet, expand investment in energy efficiency, save water, accelerate the deployment of electric vehicles (EVs), and boost customer and employee engagement, among others. Indeed, by 2035 SRP has committed to:
- Reducing 82%* of carbon emissions emitted per megawatt hour generated – the equivalent of a 61%** reduction in total carbon emissions below 2005 levels.
- Delivering over four million megawatt-hours of annual energy savings.
- Supporting the electrification of one million EVs and managing the charging of 90% of them through pricing plans and other programs.
SWEEP commends SRP for enhancing its corporate sustainability goals and encourages the utility to continue accelerating its transition to clean energy and reduced carbon emissions.
“Transitioning Arizona’s economy to one that is clean and carbon-free is no easy task. Yet, SRP’s upgraded corporate goals illustrate that reducing energy use and air pollution while growing the economy is possible and benefits everyone,” said Caryn Potter, Arizona Representative for SWEEP. “Customers don’t need to compromise between a cleaner environment, affordable bills, or reliable power. They can enjoy all three.”
SRP intends to report annually on progress towards achieving these goals, detailing advancements in reducing carbon on an intensity and mass basis and metrics related to energy efficiency and EV adoption.
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The Southwest Energy Efficiency Project (SWEEP) is a public interest organization promoting greater energy efficiency and clean transportation in Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming. swenergy.org
*See Exhibit 2: “Detailed Updates To 2035 Sustainability Goals,” on page 90.
**See “SRP’s 2023 Integrated System Plan Executive Summary,” on Page 12.
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