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Pinnacle West Capital Corp. (NYSE: PNW) reported consolidated net income of $16.9 million for the first quarter of 2024, compared to a loss in the same period in 2023. The positive results were driven by increased customer growth, higher revenue, new rates, and the sale of a former subsidiary. The company reaffirmed its full-year 2024 guidance amidst a thriving service territory and preparations for summer reliability and safety.
