Arizona Public Service Co. v. Snead

Pinnacle West Reports Lower 2023 Second-Quarter Financial Results

Retrieved on: 
Thursday, August 3, 2023
Energy, Other Energy, Utilities, RFP, PNW, Vincent de Paul, Maintenance, Partnership, APS, Electricity, Arizona Public Service, Temperature, Wind, Fourth, NYSE, LFCR, Weather, Air conditioning, Arizona Public Service Co. v. Snead, Webcast, Salvation, News, National Weather Service, Cryptocurrency, Renewable energy, Pinnacle West Capital, Phoenix

Weather was a major driver in the lower second-quarter results, with the Phoenix region experiencing the mildest June since 2009.

Key Points: 
  • Weather was a major driver in the lower second-quarter results, with the Phoenix region experiencing the mildest June since 2009.
  • Given how big an impact air conditioning has on energy use in the low desert, it’s no surprise that our financial results are lower this quarter,” said Pinnacle West Chairman, President and Chief Executive Officer Jeff Guldner , citing National Weather Service Phoenix data showing that the average June 2023 temperature was almost five degrees cooler than June 2022.
  • Key factors and assumptions underlying the 2023 outlook can be found in the second-quarter 2023 earnings presentation slides at pinnaclewest.com/investors .
  • Pinnacle West invites interested parties to listen to the live webcast of management’s conference call to discuss the company’s 2023 second-quarter results, as well as recent developments, at noon ET (9 a.m. Arizona time) today, August 3.

Pinnacle West Reports Lower 2023 First-Quarter Financial Results

Retrieved on: 
Thursday, May 4, 2023
Nuclear, Energy, Utilities, PNW, Maintenance, Flagstaff, APS, Tax, Electricity, Season, Waste, Palo Verde, Arizona Public Service, History, Plant, O&M, Arizona Public Service Co. v. Snead, Webcast, Depreciation, Growth, Weather, National Weather Service, News, NYSE, Airline, Video game, Renewable energy, Pinnacle West Capital, Phoenix

The lower first-quarter results reflect an increase in operations and maintenance expense; lower pension and other postretirement non-service credits; higher interest charges; and higher depreciation and amortization expense primarily due to increased plant assets.

Key Points: 
  • The lower first-quarter results reflect an increase in operations and maintenance expense; lower pension and other postretirement non-service credits; higher interest charges; and higher depreciation and amortization expense primarily due to increased plant assets.
  • As a result, our O&M guidance range for the year remains unchanged.”
    The 2023 first-quarter results benefited from a colder-than-normal winter, helping offset the higher O&M impacts.
  • Key factors and assumptions underlying the 2023 outlook can be found in the first-quarter 2023 earnings presentation slides at pinnaclewest.com/investors .
  • Pinnacle West invites interested parties to listen to the live webcast of management’s conference call to discuss the company’s 2023 first-quarter results, as well as recent developments, at noon ET (9 a.m. Arizona time) today, May 4.

Pinnacle West Reports Lower 2022 Full-Year and Fourth-Quarter Results

Retrieved on: 
Monday, February 27, 2023
Utilities, Energy, Four Corners, Telephone, Depreciation, ACC, News, Corporate social responsibility, Weather, JDP, Arizona Corporation Commission, NYSE, PNW, Webcast, Investment, Electricity, Palo Verde, Electronic bill payment, Customer service, Growth, Coal, J.D. Power, SCR, Arizona Public Service Co. v. Snead, Arizona Public Service, APS, Memory, LFCR, Security (finance), Cryptocurrency, Renewable energy, Mobile phone, Pinnacle West Capital, Fouquieria splendens

Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $483.6 million, or $4.26 per diluted share, for full-year 2022.

Key Points: 
  • Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $483.6 million, or $4.26 per diluted share, for full-year 2022.
  • The lower 2022 full-year results reflect the unfavorable outcome of the company’s prior rate case, which was implemented on Dec. 1, 2021.
  • Additionally, JDP’s Business 2022 full-year results place the company in the top – or first – quartile of utilities nationally for business customers.
  • Pinnacle West management will host a live webcast and conference call to discuss financial results and recent developments at 11 a.m.

APS Appoints Heflin to Lead Operations at Palo Verde Generating Station

Retrieved on: 
Tuesday, May 24, 2022
Nuclear, Alternative Energy, Energy, Utilities, Arkansas Tech University, Leadership, Star Alliance, Public service, United States Department of the Navy, Nuclear Energy Institute, Institute, General officer, Retirement, Institute of Nuclear Power Operations, CNO, APS, PNW, Wolf Creek, Presidency of Luis Lacalle Pou, Arizona Public Service Co. v. Snead, NYSE, CEO, Management, Renewable energy

Arizona Public Service Co. (APS) announced today that Adam Heflin has been named Executive Vice President and Chief Nuclear Officer (CNO) at the Palo Verde Generating Station, effective June 6.

Key Points: 
  • Arizona Public Service Co. (APS) announced today that Adam Heflin has been named Executive Vice President and Chief Nuclear Officer (CNO) at the Palo Verde Generating Station, effective June 6.
  • Heflin succeeds Maria Lacal , who recently announced her intent to retire after a distinguished 41-year career in the commercial nuclear industry.
  • Heflin previously served as Chief Executive Officer (CEO) and CNO of the Wolf Creek Nuclear Operating Corporation in Kansas until his retirement in 2019.
  • Lacal will remain with APS through August to complete a thorough transition with Heflin and fulfill several industry commitments.

APS Adding New Clean Energy Resources to Power Historic Growth in Arizona

Retrieved on: 
Monday, May 16, 2022
Alternative Energy, Energy, Utilities, Environment, Carbon, Department, RFP, Population, Resource management, Electricity, News, Public expenditure, Solution, COVID-19, Primary energy, Partnership, Pinnacle West Capital, Safety, Organization, APS, PNW, Maintenance, Arizona Public Service Co. v. Snead, NYSE, Renewable energy

Since announcing its Clean Energy Commitment in 2020, the utility is adding more than one gigawatt (GW) of clean energy resources to its diverse power supply.

Key Points: 
  • Since announcing its Clean Energy Commitment in 2020, the utility is adding more than one gigawatt (GW) of clean energy resources to its diverse power supply.
  • Formed in 2021, the APS RPAC includes local consumer advocates, university representatives, and environmental and public interest organizations.
  • This broad market solicitation will help APS exit from coal-fired generation by 2031 and maintain adequate power supply to serve customers.
  • APS is seeking approximately 1,000 to 1,500 megawatts (MW) of resources, including up to 600 to 800 MW of renewable resources, which will meaningfully increase the amount of clean energy on the APS electric system.

Pinnacle West Announces Executive Management Changes

Retrieved on: 
Thursday, May 12, 2022
Energy, Other Energy, Utilities, Public policy, Bachelor of Science in Information Technology, Barclays, Leadership, Multimedia, Electricity, Government, Arizona Public Service, Geisler, Colorado State University, University, Technology, APS, PNW, Harvard College, Arizona Public Service Co. v. Snead, Harvard Law School, Arizona State University, CEO, Management, Pinnacle West Capital

View the full release here: https://www.businesswire.com/news/home/20220512005370/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220512005370/en/
    Ted Geisler has been promoted to president of Arizona Public Service Co. (APS), the principal subsidiary of Pinnacle West Capital Corporation, effective May 16.
  • Geisler, who currently serves as senior vice president and chief financial officer for both Pinnacle West and APS, will be succeeded in those roles by Andrew Cooper, current vice president and treasurer.
  • Both individuals will report directly to Jeff Guldner , PNW chairman, president and chief executive officer and APS chairman and CEO.
  • For more information about Pinnacle West, visit the companys website at pinnaclewest.com .

Jiuzi Holdings, Inc. Enters into an Equity Acquisition Agreement to Acquire Automobile Sales Serviceshop Operator Under Top China Automaker Geely Auto's Premium Electronic Vehicle Brand Geometry

Retrieved on: 
Tuesday, April 26, 2022
CEO, EVS, Phrase, Agreement, EV, EX3, Geometry, NASDAQ, Sale, Target, Offering, Good, Review, Arizona Public Service Co. v. Snead, NEV, Company, NEVS, SEC, Sport utility vehicle, SUV, Acquisition, Electric car, Car dealership, Security (finance), Retail

Geometry is Geely Auto Group's independent pure electric vehicle ("EV") sub-brand that focuses on the manufacture of sedans and SUVs.

Key Points: 
  • Geometry is Geely Auto Group's independent pure electric vehicle ("EV") sub-brand that focuses on the manufacture of sedans and SUVs.
  • This model is powered by liquid-cooled battery and can sustain a range of 322 km (200 miles).
  • Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., commented: "This acquisition is an important strategic milestone for our Company.
  • Furthermore, since Geometry could potentially achieve over 1,000 unit sales, we are confident that the model will contribute significantly to our annual sales in 2022.

Pinnacle West Reports 2021 Full-Year and Fourth-Quarter Results

Retrieved on: 
Friday, February 25, 2022
Energy, Other Energy, Utilities, Environment, Depreciation, Climate change, CDP, Income, Insurance, Social conditioning, Electricity, Achievement, Webcast, Arizona Public Service Co. v. Snead, Risk, Growth, PNW, Public expenditure, Social, Escalation of commitment, COVID-19, NYSE, Temperature, Review, JDP, Arizona Public Service, Pinnacle, Coal, Weather, Social Security Government Pension Offset, News, Leadership, Explosion, MSCI, Maintenance, App Store (iOS/iPadOS), Google Play, Goal, Legislation, APS, Water supply, Mission statement, Arizona Corporation Commission, Telephone, Fire, Security (finance), Renewable energy, Video game, Retail, Financial services, Animal, Risk management, Public utility, Agriculture, Electric power industry, Pinnacle West Capital

For the quarter ended Dec. 31, 2021, Pinnacle West reported consolidated net earnings attributable to common shareholders of $27.6 million, or $0.24 per diluted share.

Key Points: 
  • For the quarter ended Dec. 31, 2021, Pinnacle West reported consolidated net earnings attributable to common shareholders of $27.6 million, or $0.24 per diluted share.
  • Pinnacle West management will host a live webcast and conference call to discuss financial results and recent developments at 11 a.m.
  • Several factors could cause future results to differ materially from historical results, or from outcomes currently expected or sought by Pinnacle West or APS.
  • Neither Pinnacle West nor APS assumes any obligation to update these statements, even if our internal estimates change, except as required by law.

eX2 Technology Announces Availability of Expanded Dark Fiber and Other Communications Assets Across Vast Majority of Arizona

Retrieved on: 
Tuesday, February 15, 2022
Technology, Arizona Public Service Co. v. Snead, COO, School, Transport, Efficiency, Regeneration, APS, Partnership, Communication, Acquisition, Library, Industry, LLC, Internet service provider

APS's communications infrastructure follows a secure 2,700-mile fiber optic network backbone that links to Flagstaff, Phoenix, Scottsdale and Yuma, Ariz., while passing numerous rural unserved and underserved communities along the route.

Key Points: 
  • APS's communications infrastructure follows a secure 2,700-mile fiber optic network backbone that links to Flagstaff, Phoenix, Scottsdale and Yuma, Ariz., while passing numerous rural unserved and underserved communities along the route.
  • "We are excited about this partnership and the potential benefits for the broadband industry," said Jay Jorgensen, COO, eX Technology.
  • "These newly available dark fiber assets give carriers and service providers alternate routes to key Arizona markets, provide redundancy and offer connections to data centers and other colocation facilities."
  • eX Technology, LLC is a single source solution for those seeking to build, scale or future proof their communications infrastructure.

Research Shows Customer Action Key to Reaching Utility Decarbonization Goals

Retrieved on: 
Thursday, October 21, 2021
Cloud, Research, Efficiency, Oracle Corporation, City, Goal, Industry, Carbon, Brattle Group, CO2, Adoption, View, Weapon, NYSE, MySQL, Climate change, GHG, Investment, APS, Electricity, Water, Environment, Multimedia, Java, Arizona Public Service, Arizona Public Service Co. v. Snead, Renewable energy, Software

And while those investments are essential, this research clearly shows that utilities can't overlook the power of their customers in delivering needed change," said Dr.AhmadFaruqui , a Principalat The Brattle Group .

Key Points: 
  • And while those investments are essential, this research clearly shows that utilities can't overlook the power of their customers in delivering needed change," said Dr.AhmadFaruqui , a Principalat The Brattle Group .
  • "The aggregate impact of individualutility customer actions on decarbonization is not only profound but also one of the fastest and cost-effective ways for utilities to make progress toward their climate change goals.
  • Customer-side decarbonization policies will also bring with them the benefits of enhanced customer engagement and improved customer satisfaction with utilities."
  • Today, 78% of US consumers are served by a utility with significant carbon emission reduction or elimination goals.