PNW
- Pinnacle West Capital Corporation
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Overview
Company Summary
Pinnacle West Capital Corporation (PNW) is an American utility holding company based in Phoenix, Arizona. The company primarily operates through its largest subsidiary, Arizona Public Service (APS), which is the principal electric utility serving the state of Arizona.
PNW's primary focus is providing electricity to residential, commercial, and industrial customers in Arizona. As the parent company, PNW oversees the strategic direction, financial management, and regulatory compliance of APS.
Arizona Public Service (APS), founded in 1885, is one of the largest electric utilities in the southwestern United States, serving over 1.3 million customers. APS generates, transmits, and distributes electricity across Arizona, covering an expansive service territory spanning approximately 35,000 square miles.
PNW and APS are committed to delivering reliable, affordable, and sustainable energy to meet the needs of their customers while also supporting the economic growth and development of the communities they serve. They strive to ensure the availability and reliability of electricity while balancing environmental concerns and the adoption of clean energy practices.
In addition to its core operations, PNW also emphasizes environmental stewardship and actively seeks to integrate renewable energy sources into its power generation portfolio. The company has made significant investments in renewable energy infrastructure, including solar and wind power plants, to diversify its energy sources and reduce its carbon footprint.
As a utility holding company, PNW focuses on maintaining a strong financial position and optimizing its operations to provide value to its shareholders. The company operates within a highly regulated industry and works closely with state regulators to ensure compliance and fair pricing for its electric services.
In summary, Pinnacle West Capital Corporation (PNW) is a holding company that oversees the operations of Arizona Public Service (APS), a major electric utility serving Arizona. Their primary objective is to provide reliable and affordable electricity to their customers, while also investing in renewable energy sources and maintaining a strong financial position.