ARIZONA PUBLIC SERVICE CO 8K

Pinnacle West furnished an investor presentation describing strong Arizona growth, a large multi-year capital and financing plan, and an ongoing 2025 APS rate case seeking significant revenue increases and a formula rate mechanism to support long-term 5%-7% EPS growth.

Pinnacle West Capital Corporation, through its utility subsidiary Arizona Public Service (APS), furnished an investor presentation outlining its current company profile, robust Arizona-driven customer and sales growth, a substantial capital investment plan in generation and transmission (including new gas capacity, Palo Verde nuclear investments, and over $6 billion of transmission CapEx through 2035), long-term EPS growth guidance of 5%-7% from the original 2024 midpoint, a balanced financing strategy including incremental equity issuance to support a 50% equity capital structure at APS, and detailed status and positions for its 2025 APS rate case, which seeks a roughly $609 million net revenue increase (about a 14.7% day-one customer impact) based on a December 31, 2024 test year and proposes a Formula Rate Adjustment Mechanism to reduce regulatory lag and better align rates with costs while maintaining customer affordability and investment-grade credit ratings.

Filing Facts

CIK

7286

Ticker

-

Form

8K

Source Type

sec

Accession

0000764622-26-000046

Alert Tier

6