Arizona Public Service

Pinnacle West Sets Date for 2024 First-Quarter Financial Results, Webcast/Conference Call

Retrieved on: 
Tuesday, April 2, 2024
Utilities, Energy, Electricity, PNW, Webcast, Arizona Public Service, Broadcasting

Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024.

Key Points: 
  • Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024.
  • ET (7 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments.
  • ET, Thursday, May 9, 2024, by calling (877) 481-4010 in the U.S. and Canada or (919) 882-2331 internationally and entering replay passcode 50305.
  • For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .

Phoenix K-6 School Taps Power of VR and Storytelling to Bring Subjects to Life for Students

Retrieved on: 
Thursday, March 28, 2024
Salt River Project, Research, Arizona State University, VR, Learning, Partnership, Education, APS, School, Knowledge, ASU, Moon, Arizona Public Service, Arizona Diamondbacks, Student, STEM, Curriculum, Language, Lecture, SRP, Teaching, Tutoring

PHOENIX, March 28, 2024 /PRNewswire/ -- Today, ASU Prep Pilgrim Rest announced a new partnership with Dreamscape Learn, making it the first elementary school in the country to offer students a dynamic new learning experience that blends the power of experiential pedagogy, cinematic engagement, and advanced virtual reality (VR) technology. 

Key Points: 
  • In the years following the pandemic, U.S. schools have seen an unprecedented spike in student absences across the United States.
  • Over one-fourth of students were chronically absent in the school year 2021-22 — a significant increase from the pre-pandemic figure of 15%.
  • Researchers cite student disengagement at school as one of the key factors contributing to chronic absenteeism, making learning recovery challenging.
  • Educators can lead students to explore ancient civilizations, distant planets, microscopic organisms, and underwater ecosystems, all
    from within their school walls.

Longroad Energy Closes Financing of Serrano, a 220 MWdc Solar and 214 MWac / 855 MWh Storage Project

Retrieved on: 
Tuesday, March 12, 2024
Electricity, Power purchase agreement, Commerzbank, IRA, CIBC, Cell, Environment, Partnership, ANZ, APS, SMA, Arizona Public Service, EPC, Société Générale, PNC, Life, Resource management, CO2, Scalability, Renewable energy, Inflation, PPA, Engineering, First Solar, BESS, Apollo Global Management

BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy, a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona. Serrano is Longroad's first project to utilize First Solar's domestically manufactured Series 7 panels. The project has commenced construction and commercial operations for Serrano is currently expected by mid-2025.

Key Points: 
  • BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy , a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona.
  • "Longroad is pleased that our Serrano project has achieved the milestones of financial closure and commencement of construction," said Paul Gaynor, CEO of Longroad Energy.
  • "That Longroad has successfully closed financing is a testament to the bankability of the project and the solar module technology powering it."
  • Serrano's 214 MWac / 855 MWh battery energy storage system (BESS) will be provided by U.S.-based energy storage platform provider Powin.

Pinnacle West Announces Pricing of a Public Offering of 9,774,436 Shares of Common Stock

Retrieved on: 
Thursday, February 29, 2024
Utilities, Energy, Wells Fargo, Mizuho, National Association, Telephone, PNW, Sale, Exercise, Equity capital markets, Broadridge Financial Solutions, Arizona Public Service, Mizuho Securities, 3rd Floor, Public expenditure, Electricity, Security (finance), Barclays

The common stock offering was priced at a public offering price of $66.50 per share.

Key Points: 
  • The common stock offering was priced at a public offering price of $66.50 per share.
  • Pinnacle West has granted to the underwriters the option to purchase up to an additional 1,466,165 shares of its common stock.
  • Such borrowed shares of Pinnacle West’s common stock will be delivered by the forward sellers for sale to the underwriters in the offering.
  • Pinnacle West will not initially receive any proceeds from the sale of shares of its common stock by the forward sellers or their affiliates to the underwriters.

Pinnacle West Announces Proposed Public Offering of $650 Million of Common Stock

Retrieved on: 
Wednesday, February 28, 2024
Utilities, Energy, Wells Fargo, Mizuho, National Association, Telephone, PNW, Sale, Exercise, Equity capital markets, Broadridge Financial Solutions, Arizona Public Service, Mizuho Securities, 3rd Floor, Public expenditure, Electricity, Security (finance), Barclays

Pinnacle West Capital Corp. (NYSE: PNW) (“Pinnacle West”) announced today that it is commencing a registered public offering of $650 million of its common stock in connection with the forward sale agreements described below, subject to market and other conditions.

Key Points: 
  • Pinnacle West Capital Corp. (NYSE: PNW) (“Pinnacle West”) announced today that it is commencing a registered public offering of $650 million of its common stock in connection with the forward sale agreements described below, subject to market and other conditions.
  • Pinnacle West intends to grant the underwriters the option to purchase up to an additional $97.5 million of its common stock.
  • Such borrowed shares of Pinnacle West’s common stock will be delivered by the forward sellers for sale to the underwriters in the offering.
  • Pinnacle West will not initially receive any proceeds from the sale of shares of its common stock by the forward sellers or their affiliates to the underwriters.

Pinnacle West Reports 2023 Full-Year and Fourth-Quarter Results, Shares 2024 Financial Outlook

Retrieved on: 
Tuesday, February 27, 2024
Utilities, Energy, J.D. Power, Weather, Investment, Telephone, News, PNW, Growth, APS, Webcast, Arizona Public Service, Public expenditure, Electricity, ACC, State, LFCR, Apple Pay, Environment, Depreciation

“Two years ago, we outlined a plan following an unfavorable rate case decision that created financial hurdles and moved us to reset our financial outlook.

Key Points: 
  • “Two years ago, we outlined a plan following an unfavorable rate case decision that created financial hurdles and moved us to reset our financial outlook.
  • We made significant progress on that plan, adapting and reaching our revised targets,” said Pinnacle West Chairman, President and CEO Jeff Guldner .
  • “That progress is reflected in our solid 2023 financial results and a constructive outcome in our 2022 rate case that was decided late last week.
  • Key factors and assumptions underlying the 2024 outlook can be found in the year-end/fourth-quarter 2023 earnings presentation slides at pinnaclewest.com/investors .

Strata Clean Energy Secures $559 Million Financing for 1GWh Battery Energy Storage Project in Arizona

Retrieved on: 
Wednesday, February 21, 2024
Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, Korea Development Bank, CoBank, Growth, Primary energy, Norddeutsche Landesbank, Arizona Public Service, Electricity, Nomura, Renewable energy

Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.

Key Points: 
  • Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.
  • A consortium of leading financial institutions collaborated to secure the necessary funding for this project.
  • "The successful financing for the Scatter Wash battery storage complex marks a significant step forward in our mission to drive the transition to clean energy,” said Markus Wilhelm, Chief Executive Officer of Strata Clean Energy.
  • In May 2023, Strata forged a 20-year tolling agreement with Arizona Public Service, cementing its commitment to this groundbreaking initiative.

Pinnacle West Sets Date for 2023 Fourth-Quarter and Full-Year Financial Results, Webcast/Conference Call

Retrieved on: 
Monday, January 29, 2024
Utilities, Energy, Electricity, PNW, Arizona Public Service, Webcast, Broadcasting

Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2023 fourth-quarter and full-year financial results before the U.S. financial markets open on Tuesday, Feb. 27, 2024.

Key Points: 
  • Pinnacle West Capital Corp. (NYSE: PNW) announced today that it plans to release its 2023 fourth-quarter and full-year financial results before the U.S. financial markets open on Tuesday, Feb. 27, 2024.
  • ET (9 a.m. Arizona time), management will host a live webcast and conference call to discuss financial results and recent developments.
  • Through its principal subsidiary, Arizona Public Service , the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses.
  • For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .

Strata Clean Energy Breaks Ground on 1 GWh Scatter Wash Energy Storage Project in Phoenix

Retrieved on: 
Thursday, January 18, 2024
Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, ITC, Tax credit, Kilowatt-hour, Electricity, Operation, Software, Primary energy, Arizona Public Service, APS, Economic development, Please, Inflation, Renewable energy

Today, Strata Clean Energy (Strata), a pioneer in grid-scale renewable energy solutions, celebrated a major milestone for its Scatter Wash battery storage complex in Phoenix, Ariz., with a groundbreaking that included executives from Strata, along with representatives from Arizona Public Service (APS), and other local dignitaries.

Key Points: 
  • Today, Strata Clean Energy (Strata), a pioneer in grid-scale renewable energy solutions, celebrated a major milestone for its Scatter Wash battery storage complex in Phoenix, Ariz., with a groundbreaking that included executives from Strata, along with representatives from Arizona Public Service (APS), and other local dignitaries.
  • IMAGE: Strata Clean Energy President Josh Rogol (third from left) breaks ground on the Scatter Wash battery storage complex with partners, local dignitaries.
  • Under the terms of the agreement, Strata will build, own, and operate the Scatter Wash battery storage complex as part of the firm’s growing portfolio of clean-energy assets.
  • The development of Scatter Wash is supported by the Investment Tax Credit (ITC) for standalone energy storage created by the Inflation Reduction Act of 2022.

Pinnacle West Declares Quarterly Dividend

Retrieved on: 
Wednesday, December 13, 2023
Energy, Other Energy, Utilities, Arizona Public Service, Electricity, NYSE, PNW

Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.88 per share of common stock, payable on March 1, 2024, to shareholders of record at the close of business on Feb. 1, 2024.

Key Points: 
  • Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.88 per share of common stock, payable on March 1, 2024, to shareholders of record at the close of business on Feb. 1, 2024.
  • Pinnacle West Capital Corp. , an energy holding company based in Phoenix, has consolidated assets of approximately $24 billion, about 6,500 megawatts of generating capacity and nearly 5,900 employees in Arizona and New Mexico.
  • Through its principal subsidiary, Arizona Public Service , the company provides retail electricity service to approximately 1.4 million Arizona homes and businesses.
  • For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .