Welcome to our dedicated page for Pinnacl West Cap news (Ticker: PNW), a resource for investors and traders seeking the latest updates and insights on Pinnacl West Cap stock.
Pinnacle West Capital Corporation (NYSE: PNW) is an energy holding company based in Phoenix, Arizona, whose principal subsidiary, Arizona Public Service Company (APS), provides retail electricity service to about 1.4 million homes and businesses in Arizona. The PNW news feed on Stock Titan aggregates company announcements, financial updates and operational developments that shape the outlook for this regulated utility.
Investors and observers following Pinnacle West news will see regular earnings releases, dividend declarations and guidance updates, often furnished via Form 8-K filings. These reports discuss factors such as customer growth, weather-driven usage, operating performance, resource mix and planned capital investments. Management also provides slide presentations and hosts conference calls to explain quarterly results and longer-term expectations.
News from APS, as Pinnacle West’s main subsidiary, highlights system reliability, record peak demand events, and the performance of its diverse generation fleet, including nuclear, natural gas, coal, solar, wind and storage resources. Company communications describe Arizona’s rapid population and economic growth, record-setting summer demand and the need for new infrastructure, such as the proposed Desert Sun Power Plant and participation in natural gas pipeline expansion projects.
Readers can use this page to follow updates on APS’s clean energy and carbon-neutral goals, customer and community assistance programs, and initiatives designed to balance reliability, affordability and clean energy development. For anyone tracking PNW stock, the news stream offers context on how regulatory decisions, resource planning and regional growth trends are reflected in Pinnacle West’s public disclosures and financial commentary. Bookmark this page to monitor new press releases and related coverage as they are published.
Arizona Public Service Co. (APS) has launched a Distributed Demand-side Resources (DDSR) Request for Proposals (RFP) to enhance customer energy efficiency programs. This initiative aims to procure aggregated clean energy resources between 5-40 megawatts and support various technologies like energy storage and smart thermostats. APS is focusing on delivering a high-quality customer experience while working towards a 100% carbon-free energy mix by 2050. The RFP is open for projects beginning service between June 1, 2022, and June 1, 2024.
Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.83 per share, payable on September 1, 2021, to shareholders of record on August 2, 2021. The company, an energy holding firm based in Phoenix, boasts consolidated assets of approximately $20 billion, with around 6,300 megawatts of generating capacity and over 6,000 employees serving more than 1.3 million customers in Arizona and New Mexico through its subsidiary, Arizona Public Service.
Pinnacle West Capital Corp. (NYSE: PNW) reported a consolidated net income of $35.6 million, or $0.32 per diluted share for Q1 2021, an increase from $30.0 million or $0.27 per diluted share in Q1 2020. The positive results were driven by favorable weather, higher transmission revenues, and increased pension credits, offsetting moderate growth in operation expenses. The company anticipates a peak demand of 7,521 megawatts this summer, lower than last year’s record but higher than 2019, and is proactively preparing for the summer season to ensure reliable power delivery.
Arizona Public Service Co. (APS) is expanding its solar energy initiatives by adding an all-source request for proposals (RFP), originally issued in December 2020. The new addendum aims to procure an additional 100-150 MW of photovoltaic solar capacity on APS-owned land, contributing to the company's goal for a carbon-free power mix by 2050. APS plans to obtain 600-800 MW of renewable resources and 400-600 MW of capacity resources, with proposals expected to be operational in 2023 and 2024. The RFP process will be monitored by a third-party independent entity.
Pinnacle West Capital Corporation (NYSE: PNW) announced a quarterly dividend of $0.83 per share, payable on June 1, 2021, to shareholders of record as of May 3, 2021. The company also plans to release its 2021 first-quarter results on May 5, 2021, before market opening. A live webcast and conference call will be held that day at noon ET to discuss results and recent developments. Pinnacle West, based in Phoenix, has approximately $20 billion in assets and provides retail electricity to over 1.3 million customers in Arizona.
Pinnacle West Capital Corp. (NYSE: PNW) is set to announce its 2021 first-quarter financial results on May 5, 2021, before U.S. markets open. A live webcast and conference call will follow the announcement at noon ET to discuss the results and recent developments. The company, based in Phoenix, has approximately $20 billion in consolidated assets, around 6,300 megawatts of generating capacity, and services over 1.3 million Arizona homes and businesses through its subsidiary, Arizona Public Service.
Arizona Public Service Co. (APS) announced an agreement among owners of the Four Corners Power Plant to initiate seasonal operations starting fall 2023, pending approvals. This move coincides with PNM's planned transfer of ownership to NTEC in 2024. Seasonal operations are projected to cut annual carbon emissions by 20-25%, aiding APS's goal of achieving 100% clean energy by 2050. The plant will operate one unit from June to October, meeting high seasonal demand, while the second unit operates year-round. There will be no layoffs as part of this transition.
Pinnacle West Capital Corp. (NYSE: PNW) has appointed William H. Spence to its board of directors, effective February 26, 2021. Spence, the former Chairman of PPL Corp., brings extensive leadership experience from a Fortune 200 company and a solid background in the energy sector. His expertise in regulatory strategy and customer experience is expected to benefit Pinnacle West and its main subsidiary, Arizona Public Service, which serves over 1.3 million customers. Spence's substantial public board experience and educational credentials will provide strategic insights moving forward.
Pinnacle West Capital Corp. (NYSE: PNW) reported a consolidated net income of $550.6 million, or $4.87 per diluted share for the full year 2020, up from $538.3 million or $4.77 in 2019. The growth was largely driven by $94 million in after-tax revenues due to weather impacts. Customer growth reached 2.3%, with peak electricity demand increasing 7.7%. However, the company reported a $19.4 million net loss for Q4 2020 due to operational expenses and a settlement. APS aims for 100% clean energy by 2050, reinforcing customer commitment through various support measures amid the pandemic.
Pinnacle West Capital Corp. (NYSE: PNW) will release its 2020 fourth-quarter and full-year financial results on February 24, 2021, before U.S. markets open. A live webcast and conference call will be held the same day at 11 a.m. ET to discuss these results and recent developments. Pinnacle West, based in Phoenix, has consolidated assets of approximately $20 billion and provides retail electricity to nearly 1.3 million customers through its subsidiary, Arizona Public Service.