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Pinnacle West Capital Corporation (PNW) provides essential energy services to Arizona through its regulated utility operations and diversified investments. This news hub offers investors and stakeholders centralized access to official announcements, financial disclosures, and strategic developments from the parent company and its subsidiaries.
Track key updates including quarterly earnings reports, regulatory filings with state commissions, infrastructure investments, and clean energy initiatives. The curated collection features press releases on operational milestones, leadership changes, and service territory expansions alongside analysis of rate case decisions impacting Arizona consumers.
Discover timely information about APS's grid modernization efforts, renewable energy projects, and reliability improvements. Content spans financial performance metrics, dividend declarations, and capital expenditure plans while maintaining compliance with SEC disclosure standards.
Bookmark this page for direct access to primary source materials from one of the Southwest's most established energy providers. Check regularly for updates on nuclear facility operations, solar energy partnerships, and regulatory developments shaping Arizona's power landscape.
Pinnacle West Capital Corporation (NYSE: PNW) has announced a quarterly dividend of $0.865 per share of common stock. This dividend is set to be paid on June 1, 2023, to shareholders who are on record as of May 1, 2023. The company, based in Phoenix, holds assets worth approximately $23 billion and has a generating capacity of about 6,300 megawatts. It provides retail electricity services to more than 1.3 million customers in Arizona. For more details, visit pinnaclewest.com.
Pinnacle West Capital Corp. (NYSE: PNW) has announced the release of its 2023 first-quarter financial results, scheduled for May 4, 2023, before U.S. markets open. Subsequently, management will host a live webcast and conference call at noon ET to discuss the financial results and any recent developments. The company, based in Phoenix, manages assets of approximately $23 billion, with a generating capacity of about 6,300 megawatts. Pinnacle West provides retail electricity to over 1.3 million customers in Arizona through its subsidiary, Arizona Public Service.
Pinnacle West Capital Corp. (PNW) reported a 2022 net income of $483.6 million ($4.26 per diluted share), down from $618.7 million ($5.47 per diluted share) in 2021. The fourth quarter saw a net loss of $24 million ($0.21 per share), compared to a profit of $27.6 million ($0.24 per share) the previous year. Key challenges included lower revenue due to the prior rate case outcome and increased operational costs. Conversely, the company experienced a 2.1% customer growth and aims for 1.5% to 2.5% growth until 2025. PNW's Clean Energy Commitment focuses on providing 100% clean electricity by 2050. For 2023, earnings are projected at $3.95 to $4.15 per share.
Pinnacle West Capital Corp. (NYSE: PNW) has appointed Kristine L. Svinicki, former Chairman of the Nuclear Regulatory Commission, to its board of directors effective immediately. With over 30 years of public service, Svinicki served as NRC chair from January 2017 until 2021 and is recognized for her expertise in nuclear energy regulation and safety. Her addition is expected to enhance the board's Audit and Nuclear & Operating committees and bring valuable insights, especially regarding operations at the Palo Verde Generating Station. Pinnacle West, based in Phoenix, manages assets worth approximately $23 billion and generates around 6,300 megawatts of power.
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