Pinnacle West Capital Corporation (0KIT)

Overview

Pinnacle West Capital Corporation is a prominent energy provider focused on the generation, transmission, and distribution of electricity within Arizona. Founded in 1985 and headquartered in Phoenix, Arizona, the company extends its services through its subsidiary, supplying both retail and wholesale electric services. It plays a significant role in the region’s energy infrastructure, utilizing a diverse mix of energy sources such as coal, nuclear, gas, oil, and solar to meet the electricity demands of its customers. Pinnacle West is not only involved in the direct aspects of electricity supply but also invests in the ownership and maintenance of essential transmission, distribution substations, and energy storage facilities.

Products and Services

• Electric Generation:

  Pinnacle West generates electricity using a diverse portfolio of energy sources, including coal, nuclear, gas, oil, and solar. This variety ensures a balanced and reliable supply of electricity that can meet varying demand levels and reduce dependency on a single energy source.

• Transmission Services:

  The company’s transmission services involve the delivery of electricity over long distances via both overhead and underground lines. These facilities are crucial for distributing power from generation sites to distribution networks, ensuring that electricity reaches end consumers across Arizona.

• Distribution Services:

  Pinnacle West’s distribution services are focused on providing electricity to homes and businesses through an extensive network of overhead lines and underground primary cables. The company owns and maintains distribution substations to facilitate this critical last-mile connectivity.

• Energy Storage Facilities:

  Owning and maintaining energy storage facilities allows Pinnacle West to bolster the reliability and stability of its electricity supply. These facilities can store excess electricity generated during low demand periods and release it during peak demand times, ensuring an efficient and steady flow of power to meet the needs of its customers.