Summary
Pinnacle West is an electricity provider and has no natural gas operations. Through its state and federally regulated utility, Arizona Public Service (APS), it has generation, transmission, wholesale operations and distributes electricity to 1.4 million customers in Arizona. The company has about 7 GW of generating capacity which includes operation and partial ownership of the largest nuclear generating plant in the U.S. The Palo Verde plant is located outside Phoenix and has about 4 GW generating capacity. The company’s 2024 generation mix is approximately 36% nuclear, 32% coal, 28% natural gas, with the remainder from renewable sources. Management has a 2030 target to achieve a fuel mix that is 45% renewable and a goal of 100% clean energy generation by 2050.
All operating revenues 2024 were reported by APS
