Business UpdateJun 8, 2026, 04:27 PM
Pinnacle West Capital Corp to Present at June Investor Meetings
AI Summary
Pinnacle West Capital Corp (PNW) announced its participation in June 2026 investor meetings, utilizing handouts that detail its business outlook and financial plans. The company highlighted Arizona's strong economic growth and its impact on customer acquisition. Key financial and regulatory updates include the 2025 APS Rate Case, seeking a significant revenue increase, and a long-term EPS growth target of 5%-7%. Significant capital investments in transmission infrastructure and a focus on maintaining affordability and shareholder returns were also emphasized.
Key Highlights
- Pinnacle West Capital Corp (PNW) will present at investor meetings in June 2026.
- The company highlighted Arizona's robust economy and strong customer growth.
- APS requested rates effective in the second half of 2026 with a net revenue increase of $609 million.
- The 2025 APS Rate Case seeks a total revenue requirement of $692 million.
- Pinnacle West aims for long-term EPS growth of 5%-7% off the original 2024 midpoint.
- Capital plan includes $6 billion+ in transmission CapEx from 2026-2035.
- Planned outages for Palo Verde nuclear facility in Q2 and Q4 2026.
- The company is focused on maintaining customer affordability and competitive shareholder dividends.
Price Impact
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