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Pinnacle West Capital 
Energy / Utilities and Energy Services
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Pinnacle West Capital is a public utility holding company based in Phoenix, Arizona. It was founded in 1920 as Arizona Power Company and changed its name to Pinnacle West Capital in 1985. The company provides electricity and related products and services to over 1.2 million customers in Arizona through its subsidiaries Arizona Public Service (APS) and Bright Canyon Energy.
Pinnacle West Capital is a Fortune 500 company and is one of the largest electric utilities in the United States. It owns and operates power plants fueled by coal, nuclear, and natural gas, as well as renewable energy facilities such as solar and wind.
In addition to providing electricity, Pinnacle West Capital and its subsidiaries are committed to supporting the communities they serve through various philanthropic and volunteer efforts. The company has a strong focus on sustainability and is working towards a clean energy future by investing in renewable resources and energy efficiency programs.
Pinnacle West Capital is led by a Board of Directors and executive team, with Robert G. Bement currently serving as the company's Chairman, President, and CEO.
Overall, Pinnacle West Capital is a leader in the energy industry and strives to provide reliable, affordable, and sustainable energy to its customers in Arizona.
Pinnacle West Capital is a Fortune 500 company and is one of the largest electric utilities in the United States. It owns and operates power plants fueled by coal, nuclear, and natural gas, as well as renewable energy facilities such as solar and wind.
In addition to providing electricity, Pinnacle West Capital and its subsidiaries are committed to supporting the communities they serve through various philanthropic and volunteer efforts. The company has a strong focus on sustainability and is working towards a clean energy future by investing in renewable resources and energy efficiency programs.
Pinnacle West Capital is led by a Board of Directors and executive team, with Robert G. Bement currently serving as the company's Chairman, President, and CEO.
Overall, Pinnacle West Capital is a leader in the energy industry and strives to provide reliable, affordable, and sustainable energy to its customers in Arizona.
What is special about the company?
There are a few notable aspects that make Pinnacle West Capital stand out as a company:
1. Diversified Energy Provider: Pinnacle West Capital is the parent company of Arizona Public Service (APS), one of the largest electric utilities in the US. APS serves more than 1.2 million customers in Arizona and is the primary provider of electricity in the state. In addition to electricity, Pinnacle West Capital also has interests in renewable energy, natural gas, and water services, making it a diversified energy provider.
2. Strong Commitment to Clean Energy: Pinnacle West Capital has been recognized for its strong commitment to clean energy and sustainable practices. It has set a goal to reduce its carbon emissions by 50% by 2030 and has invested in renewable energy projects such as solar and wind farms.
3. Community Engagement: Pinnacle West Capital is actively involved in community engagement and philanthropy efforts. The company has a charitable foundation that supports education, community development, and other initiatives in Arizona.
4. Stable and Profitable: Pinnacle West Capital has a solid financial track record and has consistently delivered strong returns to its shareholders. It has a strong credit rating and a history of paying dividends, making it an attractive option for investors.
5. Leadership in Energy Innovation: Pinnacle West Capital is dedicated to promoting innovation in the energy sector. It has partnered with universities and research institutions to advance energy research and has implemented innovative technologies within its operations.
Overall, Pinnacle West Capital is a well-established and reputable energy provider with a strong commitment to clean energy, community engagement, and financial stability.
1. Diversified Energy Provider: Pinnacle West Capital is the parent company of Arizona Public Service (APS), one of the largest electric utilities in the US. APS serves more than 1.2 million customers in Arizona and is the primary provider of electricity in the state. In addition to electricity, Pinnacle West Capital also has interests in renewable energy, natural gas, and water services, making it a diversified energy provider.
2. Strong Commitment to Clean Energy: Pinnacle West Capital has been recognized for its strong commitment to clean energy and sustainable practices. It has set a goal to reduce its carbon emissions by 50% by 2030 and has invested in renewable energy projects such as solar and wind farms.
3. Community Engagement: Pinnacle West Capital is actively involved in community engagement and philanthropy efforts. The company has a charitable foundation that supports education, community development, and other initiatives in Arizona.
4. Stable and Profitable: Pinnacle West Capital has a solid financial track record and has consistently delivered strong returns to its shareholders. It has a strong credit rating and a history of paying dividends, making it an attractive option for investors.
5. Leadership in Energy Innovation: Pinnacle West Capital is dedicated to promoting innovation in the energy sector. It has partnered with universities and research institutions to advance energy research and has implemented innovative technologies within its operations.
Overall, Pinnacle West Capital is a well-established and reputable energy provider with a strong commitment to clean energy, community engagement, and financial stability.
What the company's business model?
The Pinnacle West Capital company's business model is to generate, distribute, and sell electricity and related products and services to its customers. This includes owning and operating power plants, transmission and distribution infrastructure, and providing energy-related services such as renewable energy solutions. The company's primary focus is on providing reliable, affordable, and sustainable energy to its customers while maintaining strong financial performance for its shareholders. Additionally, Pinnacle West Capital is committed to promoting environmental stewardship and community involvement in its operations.
Interesting facts about the company
- Pinnacle West Capital is a Fortune 500 company and one of the largest energy holding companies in the United States.
- The company was founded in 1920 as Arizona Power Company and changed its name to Pinnacle West Capital Corporation in 1985.
- Pinnacle West Capital is the parent company of Arizona Public Service (APS), the largest electric utility in Arizona, serving more than 1.2 million customers.
- The company’s headquarters are located in Phoenix, Arizona.
- Pinnacle West Capital’s primary source of energy is from its 11 power plants, which include solar, gas, and coal-fired facilities.
- The company is committed to renewable energy and has set a goal to deliver 65% clean, carbon-free electricity by 2030 and reach net-zero carbon emissions by 2050.
- In addition to providing energy, Pinnacle West Capital is actively involved in supporting the communities it serves through various charitable and volunteer initiatives.
- The company has been recognized for its commitment to sustainability and was named one of the World’s Most Admired Companies by Fortune magazine in 2020.
- Pinnacle West Capital has a diverse workforce, with more than 27% of its employees identifying as ethnic minorities and more than 30% identifying as women.
- Pinnacle West Capital is publicly traded on the New York Stock Exchange under the ticker symbol PNW.
See Company Due Diligence:
- The company was founded in 1920 as Arizona Power Company and changed its name to Pinnacle West Capital Corporation in 1985.
- Pinnacle West Capital is the parent company of Arizona Public Service (APS), the largest electric utility in Arizona, serving more than 1.2 million customers.
- The company’s headquarters are located in Phoenix, Arizona.
- Pinnacle West Capital’s primary source of energy is from its 11 power plants, which include solar, gas, and coal-fired facilities.
- The company is committed to renewable energy and has set a goal to deliver 65% clean, carbon-free electricity by 2030 and reach net-zero carbon emissions by 2050.
- In addition to providing energy, Pinnacle West Capital is actively involved in supporting the communities it serves through various charitable and volunteer initiatives.
- The company has been recognized for its commitment to sustainability and was named one of the World’s Most Admired Companies by Fortune magazine in 2020.
- Pinnacle West Capital has a diverse workforce, with more than 27% of its employees identifying as ethnic minorities and more than 30% identifying as women.
- Pinnacle West Capital is publicly traded on the New York Stock Exchange under the ticker symbol PNW.
See Company Due Diligence:
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