• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Notice of Errata

Lopez wasn’t just concerned about the immediate mistake — he warned the APS that errors like this could undermine trust in the utility’s entire rate-setting process.

“I think the concern is that if there’s a mathematical error, it brings into [question] how other items may not be calculated correctly,” he said during the Feb. 5 public meeting.

Eight times Lopez asked APS to explain its math, per 12 News, which means he had eight chances to back down following responses by the utility giant.

After the ninth round of pushback from Lopez, APS agreed to review the figures. Two days later, APS filed a “Notice of Errata,” an official document rectifying their mistake, admitting the commissioner was correct.

In the end, the commission chose a different rate adjustment that didn’t involve the bad formula, however, Lopez received praise for his determination, especially as a newcomer, on a matter that could have had an effect on the bills of homeowners across Arizona.

Dave Ramsey’s plan has people crushing debt fast

Drowning in debt? Dave Ramsey’s viral 7-step method is helping people wipe it out and finally build real savings. No gimmicks—just a clear plan that works. Moneywise breaks it down so you can get started in minutes. If you’re serious about getting ahead, don’t miss this.

See the steps

More of that, please

Diane Brown of Arizona PIRG, a public interest advocacy group, applauded Lopez for holding APS to account.

“When I saw Commissioner Lopez question APS on their numbers and continue to pursue, I thought: we have a regulator who is really there to drill down into what the utility is saying, what they’re meaning and what the accuracy of their comments are,” she told 12 News.

Even if there’s a potential billing discrepancy of a fraction of a percent — as was the case in this instance, the broadcaster says — the implications could be huge, especially if a company has millions of consumers, such as APS.

While many consumers may not be in a position to challenge a utility company’s math during a regulatory hearing, Lopez’s actions remind us that asking questions matters. Even one voice, when persistent and informed, can help hold powerful entities accountable and protect consumers from costly mistakes.

But there are still ways the public can be heard. Whether it’s checking your own bill for errors, attending public hearings or supporting organizations that represent consumers, you can take action to ensure your voice is heard.

Sponsored

Under 60? Lock in life insurance in minutes

Get term life insurance fast—with no agents, no exams, and no stress. Ethos lets you apply online in minutes and get covered for as low as $15/month. It’s affordable peace of mind, without the hassle Get your free quote now

Danielle Antosz Freelance contributor

Danielle Antosz is a business and personal finance writer based in Ohio and a freelance contributor to Moneywise. Her work has appeared in numerous industry publications including Business Insider, Motley Fool, and Salesforce. She writes about financial topics that matter to everyday people, including retirement, debt reduction and investing.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.