Our story
At SRP, we believe in building a better Arizona one innovative step at a time.
On this page:
Delivering reliable and affordable water and power since 1903
Salt River Project, or SRP, is a community-based, not-for-profit organization providing affordable water and power to more than 2 million people in central Arizona.
It’s made up of two separate organizations: the “Association,” a private water corporation founded in 1903, and the “District,” an electricity provider formed as an agricultural improvement district and a political subdivision of the State of Arizona in 1937.
By providing these essential resources for more than a century, we’ve helped the Phoenix metropolitan area develop and thrive.
Our guiding principles have remained the same since our founding – to act in the best interest of the people we serve and strive to help build a better future for Arizona. See how decisions get made.
It all started with ranchers, farmers and a massive dam
Theodore Roosevelt Dam, to be exact. The ranchers and farmers who lived in the area pledged their own land to get the dam built as a way to tame the raging waters of the Salt River. They formed the Salt River Valley Water Users’ Association, the founding group of SRP. Explore more SRP history.
Our mission is to build a sustainable future in the Valley
We make decisions through the eyes of future generations, balancing costs and impacts while providing reliable, sustainable water and power — for today and tomorrow.
We’re holding ourselves to this with an ambitious set of goals that center on:
- Reducing our carbon footprint
- Ensuring water resiliency
- Meeting customer needs through a modern, resilient energy grid
- Promoting a sustainable supply chain and reducing waste
- Engaging with our communities
We strive to reflect the communities in which we live and work
Diversity helps make our communities and businesses stronger – that's why we put it at the heart of everything we do. We’re committed to diversity, equity, inclusion and belonging, and we carry these values into our workplace, our focus on customer needs, and our community investments.
We support diversity in the communities we serve through volunteering, financial contributions and educational programs that address underserved needs.
We’re committed to supporting a broad coalition of diverse business partners, including woman-, minority- and veteran-owned businesses.
We provide equal employment opportunities in order to gain unique perspectives and solutions that best serve our customers.
See why you belong hereSee what we accomplished together last fiscal year
The annual fiscal report reflects our continued pledge to provide sustainable, affordable and reliable power and water and help the Phoenix metropolitan area develop and thrive.
Download the 2022 Annual Report
to learn more. Our 2022 Combined Financial Statements are also available, as well as the SRP annual reports from 2021, 2020 and 2019
SRP quarterly financial reports
Financial data, FY22
| Total operating revenues | $3,565,341,000 |
| Total operating expenses | $2,978,467,000 |
| Net revenues for the year | $394,607,000 |
| Utility plant, gross | $17,854,035,000 |
| Electric revenue contributions to support water operations | $56,290,000 |
| Taxes & tax equivalents Taxes & tax equivalents | $177,971,000 |
| Debt ratio | 41.7 |
| Debt service coverage ratio | 3.5 |
| Employees, year-end | 4,844 |
SRP operates on a fiscal year of May 1 through April 30.
Water data, Calendar Year 2021
| Water service area | 375 square miles |
| Watershed area | 13,000 square miles |
| Water deliveries | 789,820 acre-feet |
| Storage capacity | 2,306,690 acre-feet |
| Water in storage, fiscal year-end | 1,632,920 acre-feet |
| Runoff | 483,055 acre-feet |
Water data is by calendar year ending Dec. 31, 2021, unless otherwise noted.
Power data, FY22
| Electric service area | 2,800 square miles |
| Electric customers, year-end | 1,112,683 |
| Peak - SRP retail customers | 7,571,000 kW |
| Total electric sales | 37,963 GWh |
On the SRP Blog
SRP Rules & Regulations
View the Salt River Project Agricultural Improvement & Power District Rules and Regulations.
