DOCSLIB.ORG

A Path Forward Annual Report Pinnacle West Capital Corporation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
A Path Forward Annual Report Pinnacle West Capital Corporation A PATH FORWARD ANNUAL REPORT PINNACLE WEST CAPITAL CORPORATION 5 FASTEST-GROWING STATES IN U.S. + GROWTH IN STATE’S LARGEST COUNTY 2018-2019 STATE COUNTY IDAHO 2.09% ADA COUNTY 2.7% NEVADA 1.74% CLARK COUNTY 1.8% ARIZONA 1.69% MARICOPA COUNTY 1.9% UTAH 1.66% SALT LAKE COUNTY 1% TEXAS 1.28% HARRIS COUNTY 0.7% SOURCE: U.S. CENSUS BUREAU A PATH FORWARD In a year that brought challenges few had imagined, Pinnacle West and its primary subsidiary Arizona OVER $15 MILLION Public Service (APS) continued to advance goals of clean energy innovation, improved collaboration with IN PANDEMIC AID stakeholders, a renewed commitment to customers, strong financial performance and a brighter energy future for Arizona. $8.8 M CUSTOMER SUPPORT The year 2020 will be remembered as a time of upheaval. The COVID-19 virus claimed hundreds of thousands of victims in the United States and $3.6 M changed all our lives. From the most difficult LOW-INCOME BILL CREDITS circumstances can come strength and commitment. Our more than 6,000 employees demonstrated their skill, dedication and resilience serving our customers $2.7 M and powering an Arizona economy that remains COMMUNITY PANDEMIC RELIEF robust despite the pandemic’s challenges. As people and businesses continue to move to Arizona, APS’s customer growth increased 2.3 percent over the Through conversations with regulators and other prior year, making the company’s service territory stakeholders, we recognized we must do more to among the fastest growing in the nation. engage customers with information and resources that directly benefit them. We now offer around-the- clock service at our care center and are expanding A SERVICE CULTURE FOR OUR innovative programs to help customers manage their CUSTOMERS AND COMMUNITIES energy use. Through our rate case, which is being The pandemic created widespread uncertainty, so heard in 2021, we’ve proposed changes that will our focus became assuring customers that our service make it easier for customers to do business with us, and support would be there when most needed. including simplified residential service plans and Throughout the hottest summer and fall in Arizona easier-to-understand redesigned bills. history, we maintained reliable service as more jobs and classrooms moved into homes and online. We also waived late fees, suspended disconnections and offered extended payment arrangements to our customers struggling during these difficult times. And, knowing the financial strain families and small businesses were facing, in 2020 we distributed more than $15 million in pandemic aid to alleviate stress on our customers and support the Arizona economy. ANNUAL DIVIDENDS INDICATED ANNUAL DIVIDEND* % INCREASE (YEAR OVER YEAR) 2020 $3.32 6.1 % 2019 $3.13 6.1 % 2018 $2.95 6.1 % 2017 $2.78 6.1 % 2016 $2.62 4.8 % *Annual dividends are reviewed and approved at October board meeting HEALTHY FINANCES CONSTRUCTING A CLEAN ENERGY FOR THE LONG TERM FUTURE FOR ARIZONA Pinnacle West once again produced solid In 2020, we set our course toward providing financial performance and shareholder value. customers with 100 percent clean energy by 2050 Hotter-than-normal weather, robust customer and made steady progress in our first year. growth and disciplined cost management led to We secured more than 400 megawatts of capacity net income of $550.6 million, or $4.87 per share, and clean energy resources, including 200 megawatts in 2020, surpassing our 2019 results of $538.3 of wind and 75 megawatts of demand response million, or $4.77 per share. Our board of directors capability. We also issued requests-for-proposals to increased the annual dividend by 6.1 percent – the procure more energy storage we can pair with solar ninth consecutive annual increase. generation and to add between 1 and 1.4 gigawatts of new resources to our system by 2024, including Applying Lean principles, employees continued to more renewable energy. lead initiatives to create and capture cost savings. For example, the procurement team negotiated lower We remain on track to cease coal generation by 2031. prices with vendors, maximized the competitive Taking a broad view and in collaboration with a range bidding process and delivered more value from of stakeholders, we proposed a coal communities existing contracts. Altogether, employees increased transition plan to support the areas that are home efficiency and decreased costs by more than $20 to coal-fired power stations. The communities million, achieving our 2020 goal. surrounding the Four Corners and Cholla power plants, including the Navajo Nation and Hopi Tribe, could use the proposed $144 million package to help diversify and modernize their economies. APS CLEAN ENERGY COMMITMENT CLEAN ENERGY PATHWAY 2020 2031 APS ANNOUNCES CLEAN END ALL COAL-FIRED ENERGY COMMITMENT GENERATION 2010 2040 2030 2050 ACHIEVE A RESOURCE MIX PROVIDE 100% CLEAN, THAT IS 65% CLEAN ENERGY CARBON-FREE ELECTRICITY TO CUSTOMERS RELIABILITY OUR STATE AND EVEN WITH THE ECONOMY CAN COUNT ON EXTREME CHALLENGES Our operational performance for the year is best summed up by what happened in mid-August. OF 2020, THE PEOPLE While utilities in California and Arizona were OF OUR COMPANY forced to declare energy emergencies because of extreme heat, we did not have to take that step. RESPONDED TO THE CALL AND CONTINUED Our ability to avoid an energy emergency was the TO STRENGTHEN result of careful long-term planning, resource adequacy, flexibility and innovative customer A FOUNDATION programs. We relied heavily on our baseload and fast- OF OPERATIONAL ramping assets, including Four Corners, Ocotillo and Palo Verde, and they performed exceptionally when EXCELLENCE, IMPROVING we needed them. Our fossil fleet’s availability factor, CUSTOMER EXPERIENCE or the percentage of time units are available when called upon, was 95.3 percent from June through AND STRONG FINANCIAL September. Palo Verde Generating Station’s capacity PERFORMANCE. factor for the same time frame was 100 percent, and this clean energy asset – the largest in the nation – produced its billionth megawatt-hour of electricity. The future is never certain, but we’ve shown we have what it takes to forge a path forward by supporting a healthy Arizona and keeping our OUR PROMISE AND PATH FORWARD company strong. Thank you for investing with us In September, we introduced the APS Promise, to create this exciting future. which boldly states that as Arizona stewards, we do what is right for the people and prosperity of our Sincerely, state, centering our ultimate purpose with employees and those we serve. In pursuit of our vision to create a sustainable energy future for Arizona, we look to our people and our 10-year strategic plan as we seek to fulfill our mission to serve our customers with JEFF GULDNER clean, reliable and affordable energy. CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Exact Name of Each Registrant as specified in its Commission File charter; State of Incorporation; Address; and IRS Employer Number Telephone Number Identification No. 1-8962 PINNACLE WEST CAPITAL CORPORATION 86-0512431 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix Arizona 85072-3999 (602) 250-1000 1-4473 ARIZONA PUBLIC SERVICE COMPANY 86-0011170 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix Arizona 85072-3999 (602) 250-1000 Securities registered pursuant to Section 12(b) of the Act: Title Of Each Class Trading Symbol Name Of Each Exchange On Which Registered PINNACLE WEST CAPITAL Common Stock, PNW New York Stock Exchange CORPORATION No Par Value Securities registered pursuant to Section 12(g) of the Act: ARIZONA PUBLIC SERVICE COMPANY Common Stock, Par Value $2.50 per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act PINNACLE WEST CAPITAL CORPORATION Yes ☒ No ☐ ARIZONA PUBLIC SERVICE COMPANY Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. PINNACLE WEST CAPITAL CORPORATION Yes ☒ No ☐ ARIZONA PUBLIC SERVICE COMPANY Yes ☒ No ☐ Indicate by check mark whether each registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. PINNACLE WEST CAPITAL CORPORATION Yes ☒ No ☐ ARIZONA PUBLIC SERVICE COMPANY Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). PINNACLE WEST CAPITAL CORPORATION Yes ☒ No ☐ ARIZONA PUBLIC SERVICE COMPANY Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. PINNACLE WEST CAPITAL CORPORATION Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ ARIZONA PUBLIC SERVICE COMPANY Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Load more

Recommended publications
  • CO2 Sequestration ■ Mine Water Used for Irrigation, by the Supercritical State of CO in the Subsurface Has Fluid-Like Behavior, Thus Jeffrey C
    NONPROFIT ORG. A publication of SAHRA, an NSF Science and Technology Center Technology and Science NSF an SAHRA, of publication A Southwest Hydrology University of Arizona - SAHRA US POSTAGE P.O. Box 210158-B PAID Tucson, AZ TUCSON AZ Sequestration 85721-0158 PERMIT 541 2 CO Address Service Requested September/October 2009 September/October Volume 8/Number 5 8/Number Volume The Resource for Semi-Arid Hydrology Semi-Arid for Resource The Celebrating ten years and two new offices: Offering comprehensive hydrogeologic services in five integrated areas: Groundwater Supply: extensive experience in groundwater development and aquifer storage and recovery including well drilling technology, borehole evaluation, well design and installation oversight, well rehabilitation, plus an Arizona well driller's license. Groundwater Modeling: technical abilities combined with interpretive skill acquired through five decades of collective team experience in creating and interpreting models. Hydrogeologic Investigations: focused It’s an amazing time to be in business application of hydrogeological analyses to resolve groundwater issues, address In the last ten years we have witnessed seismic shifts—changes that have regulatory concerns and water rights affected our personal lives, our communities, and our professional pursuits. issues, and support water-resources Clear Creek Associates began in September 1999 as an Arizona planning. hydrological consulting company with a solid foundation of scientific and Environmental Services: sound relationships with regulators and professional experience. Over the last ten years, we have seen that experience demonstrated experience in developing grow with the emergence of new technology and new perspectives on water remediation strategies and resolving issues. As we mark our first decade in business, our staff, too, has grown by a environmental problems at complex sites in a cost-effective manner; factor of ten.
    [Show full text]
  • APS Four Corners Power Plant
    NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM PERMIT FACT SHEET SEPTEMBER 2019 Permittee Name: Arizona Public Service Company Mailing Address: P.O. Box 53999 Phoenix, AZ 85072 Facility Address: Four Corners Power Plant P.O. Box 355, Station 4900 Fruitland, NM 87416 Contact Person(s): Jeffrey Jenkins, Plant Manager Tel: (505) 598-8200 NPDES Permit No.: NN0000019 I. STATUS OF PERMIT The United States Environmental Protection Agency (hereinafter “EPA Region 9” or “EPA”) re-issued the current National Pollutant Discharge Elimination System (“NPDES”) Permit (No. NN0000019) for the discharge of treated wastewater from the Arizona Public Service Company’s (hereinafter “APS” or “the Permittee” or “the Applicant”) Four Corners Power Plant (hereinafter “FCPP” or “the Plant”) to No Name Wash in the Navajo Nation on January 24, 2001, with an expiration date of January 24, 2006. On October 5, 2005, APS, as co- owner and operator of the FCPP, applied to the United States Environmental Protection Agency, Region 9 (hereinafter “EPA Region 9” or “EPA”) for renewal of APS’ permit for discharge of wastewater to waters of the United States, and the permit was administratively extended. APS subsequently provided updates to their initial application, allowing the facility to operate under the administrative extension. Via a letter dated October 30, 2012, EPA Region 9 requested that APS submit a fully revised application that reflected current operations, as well as future plans for the next permit cycle. On or about February 15, 2013, APS submitted a revised application, which included a description of the planned shutdown of Units 1, 2, and 3, as well as likely impacts on surface water discharges to be regulated under a renewed NPDES permit.
    [Show full text]
  • Comments – Ngos APS IRP Docket
    BEFORE THE ARIZONA CORPORATION COMMISSION Bob Burns, Chairman Boyd Dunn, Commissioner Sandra Kennedy, Commissioner Lea Marquez Peterson, Commissioner Justin Olson, Commissioner RE: APS 2020 RESOURCE PLANNING DOCKET NO. E-00000V-19-0034 AND PROCUREMENT Overview Diné CARE, Tó Nizhóni Ání and Black Mesa Trust (Navajo and Hopi nongovernmental community organizations or NGOs) respectfully submit the following joint comments for your review in response to the Arizona Corporation Commission’s (ACC) consideration of Arizona Public Service Company’s (APS) 2020 integrated resource plan and procurement process in the above-referenced docket. We submitted comments in a previous APS resource planning proceeding, Docket No. E-00000V-15-0094, in 2018, and after reviewing the current plans, we acknowledge the important steps APS has taken to improve on the last iteration of its resource planning. It is notable that in just two short years, the utility has transformed itself from a dramatic over-reliance on coal and natural gas to a commitment to de-carbonizing its generation portfolio over the coming years. That, in itself, is laudable. However, our review of APS’s 2020 IRP still leaves a number of critical issues unaddressed that we first identified in 2018 and which remain deficiencies in the current plan, especially as they relate to the long-term prosperity and wellbeing of the Navajo Nation, the Hopi Tribe and coal-impacted tribal communities. In light of the problems summarized below, we recommend that the Commission take steps to improve this resource plan in ways that provide advantages for both tribes – while still benefiting the utilities’ customers and shareholders.
    [Show full text]
  • ARIZONA WATER ATLAS Volume 1 Executive Summary ACKNOWLEDGEMENTS
    Arizona Department of Water Resources September 2010 ARIZONA WATER ATLAS Volume 1 Executive Summary ACKNOWLEDGEMENTS Director, Arizona Department of Water Resources Herbert Guenther Deputy Director, Arizona Department of Water Resources Karen Smith Assistant Director, Hydrology Frank Corkhill Assistant Director, Water Management Sandra Fabritz-Whitney Atlas Team (Current and Former ADWR staff) Linda Stitzer, Rich Burtell – Project Managers Kelly Mott Lacroix - Asst. Project Manager Phyllis Andrews Carol Birks Joe Stuart Major Contributors (Current and Former ADWR staff) Tom Carr John Fortune Leslie Graser William H. Remick Saeid Tadayon-USGS Other Contributors (Current and Former ADWR staff) Matt Beversdorf Patrick Brand Roberto Chavez Jenna Gillis Laura Grignano (Volume 8) Sharon Morris Pam Nagel (Volume 8) Mark Preszler Kenneth Seasholes (Volume 8) Jeff Tannler (Volume 8) Larri Tearman Dianne Yunker Climate Gregg Garfin - CLIMAS, University of Arizona Ben Crawford - CLIMAS, University of Arizona Casey Thornbrugh - CLIMAS, University of Arizona Michael Crimmins – Department of Soil, Water and Environmental Science, University of Arizona The Atlas is wide in scope and it is not possible to mention all those who helped at some time in its production, both inside and outside the Department. Our sincere thanks to those who willingly provided data and information, editorial review, production support and other help during this multi-year project. Arizona Water Atlas Volume 1 CONTENTS SECTION 1.0 Atlas Purpose and Scope 1 SECTION 1.1 Atlas
    [Show full text]
  • Arizona-Public-Service-Profile
    Arizona Public Service Arizona Public Service Company is the largest electric utility in Arizona and the subsidiary of publicly-traded S&P 500 member Pinnacle West Capital Corporation. The utility provides power for nearly 1.2 million customers in 11 of the state's 15 counties. Despite the fact that Arizona is the sunniest state in the U.S., it is falling far behind on solar installations, and by the end of 2015, the state had fallen from second in total U.S. installed solar to sixth. # " In fact, New Jersey, a state with far less solar energy resource potential, has more small-scale distributed rooftop solar than Arizona. There are 793 megawatts of solar installed in New Jersey compared to 609 megawatts in Arizona." !1 Why would the sunniest state in the U.S. have so little solar, when solar power purchase agreements have been signed in the Southwestern U.S. for 4 to 6 cents/kWh?" Why, then, is Arizona less than 4% solar and over 40% coal?" One reason is that Arizona utilities make far more money running old, polluting coal plants that generate electricity for around 3 cents/kWh, than risking a loss of sales to solar energy. Although utility-scale solar in Arizona has been as cheap as new natural gas for a number of years, utilities like Arizona Public Service have not lived up to the state’s solar potential." Summary As is illustrated by its June 2016 request for a $3.6 billion rate increase over only three years, APS is investing far more money in coal and natural gas than in solar.
    [Show full text]
  • Arizona Technical Support Document (PDF)
    --------------------------------------------------------------------------------------------------------------------- Technical Support Document ARIZONA Nonattainment Area Designations for the 2010 Sulfur Dioxide (SO2) Primary National Ambient Air Quality Standard Summary Pursuant to section 107(d) of the Clean Air Act (CAA), EPA must initially designate areas as either “nonattainment,” “attainment,” or “unclassifiable” for the 2010 1-hour sulfur dioxide (SO2) primary national ambient air quality standard (NAAQS). The CAA defines a nonattainment area as one that does not meet the NAAQS or that contributes to poor air quality in a nearby area that does not meet the NAAQS. Table 1 below identifies the counties and portions of counties in Arizona that EPA has initially designated “nonattainment” based on monitored violations. EPA is not yet prepared to designate other areas in Arizona, and will address such areas in a subsequent round of final designations. Table 1. Nonattainment Designations for Arizona Arizona’s Recommendation of EPA’s Designated Area (listed alphabetically) Areas/Counties Nonattainment Areas/Counties Hayden Gila County (partial) Nonattainment Nonattainment Pinal County (partial) Nonattainment Nonattainment Miami Gila County (partial) Nonattainment Nonattainment Background On June 2, 2010, EPA revised the primary SO2 NAAQS (75 FR 35520, June 22, 2010) by establishing a new 1-hour standard at a level of 75 parts per billion (ppb), which is met at an ambient air quality monitoring site when the 3-year average of the annual 99th percentile of the daily maximum 1-hour average concentrations is less than or equal to 75 ppb, as determined in accordance with Appendix T of 40 CFR part 50. 40 CFR 50.17(a)-(b). EPA has determined that this is the level necessary to provide protection of public health with an adequate margin of safety, especially for children, the elderly, and those with asthma.
    [Show full text]
  • Those Glen Canyon Transmission Lines -- Some Facts and Figures on a Bitter Dispute
    [July 1961] THOSE GLEN CANYON TRANSMISSION LINES -- SOME FACTS AND FIGURES ON A BITTER DISPUTE A Special Report by Rep. Morris K. Udall Since I came to Congress in May, my office has been flooded with more mail on one single issue than the combined total dealing with Castro, Berlin, Aid to Education, and Foreign Aid. Many writers, it soon became apparent, did not have complete or adequate information about the issues or facts involved in this dispute. The matter has now been resolved by the House of Representatives, and it occurs to me that many Arizonans might want a background paper on the facts and issues as they appeared to me. I earnestly hope that those who have criticized my stand will be willing to take a look at the other side of the story -- for it has received little attention in the Arizona press. It is always sad to see a falling out among reputable and important Arizona industrial groups. In these past months we have witnessed a fierce struggle which has divided two important segments of the Arizona electrical industry. For many years Arizona Public Service Company (APSCO) and such public or consumer-owned utilities as City of Mesa, Salt River Valley Water Users Association, the electrical districts, REA co-ops, etc. have worked harmoniously solving the electrical needs of a growing state. Since early 1961, however, APSCO has been locked in deadly combat with the other groups. Charges and counter-charges have filled the air. The largest part of my mail has directly resulted from a very large, expensive (and most effective) public relations effort by APSCO, working in close cooperation with the Arizona Republic and Phoenix Gazette.
    [Show full text]
  • UNS Holdco Cash Sources & Uses
    An Historic Look at UNS Energy Tucson Electric Power & Unisource Electric Kevin Battaglia Resource Planning 1 First Power Plant downtown at 120 N. Church St. W. Congress at Church (1916) 1904 Power Plant moves to 220 W. Sixth Street 220 W. Sixth Street Generators 5 Changes in the 60’s 6 Until 1942 TEP was an electrical island, disconnected from other utilities NEVADA Davis Dam PHOENIX Tucson 1950 Demoss Petrie 100 MW 8 1950 DeMoss Petrie 100 MW Irvington Generating Station - 1958 • Eventually, there would be four gas units producing 422 MW. Later named H. Wilson Sundt Generating Station • Tucson’s population in 1958 was 230,000 • Conversion of Unit 4 to Gas was mandated by Power Plant and Industrial Fuel Use Act of 1978 (PPIFUA) 1964 Interconnection to Arizona Public Service at Saguaro PHOENIX Tucson’s population wasSaguaro (APS)309,000 TUCSON Being connected to other utilities allows sales of excess power and it provides outside support in emergencies. 1969 Four Corners Units 4 & 5 – 110MW Tucson’s population was 345,000 Participation: Southern California Edison: 48 % Arizona Public Service: 15 % Public Service Co. of New Mexico: 13 % Salt River Project: 10 % Tucson Electric Power: 7 % 1972 Palo Verde – 521 MW By 1975, management saw that slower than expected load growth and higher than forecast costs did not merit the risk of such a large project. In 1975 TEP’s interest in Palo Verde was sold. Arizona Coal Resources 14 Transmission Resources San Juan McKinley PHOENIX Greenlee Saguaro Tortolita Tucson Irvington South Vail November 2013 15 Future Expansion Requires More EHV Transmission Tucson’s population was 416,000 The 345 KV San Juan to Vail line is completed in 1973 at a cost of $89 million or about $250 million in today’s dollars.
    [Show full text]
  • Background Report Prepared by Arizona State University NINETY-NINTH ARIZONA TOWN HALL
    Arizona’s Energy Future 99th Arizona Town Hall November 6 - 9, 2011 Background Report Prepared by Arizona State University NINETY-NINTH ARIZONA TOWN HALL PREMIER PARTNER CONTRIBUTING PARTNER COLLABORATING PARTNERS SUPPORTING PARTNERS CIVIC PARTNERS CORE Construction Kennedy Partners Ryley, Carlock & Applewhite Sundt Construction One East Camelback, Suite 530, Phoenix, Arizona 85012 Phone: 602.252.9600 Fax: 602.252.6189 Website: www.aztownhall.org Email: [email protected] ARIZONA’S ENERGY FUTURE September 2011 We thank you for making the commitment to participate in the 99th Arizona Town Hall to be held at the Grand Canyon on November 6-9, 2011. You will be discussing and developing consensus with fellow Arizonans on the future of energy in Arizona. An essential element to the success of these consensus-driven discussions is this background report that is provided to all participants before the Town Hall convenes. As they have so often done for past Arizona Town Halls, Arizona State University has prepared a detailed and informative report that will provide a unique and unparalleled resource for your Town Hall panel sessions. Special thanks go to editors Clark Miller and Sharlissa Moore of the Consortium for Science, Policy, and Outcomes at ASU for spearheading this effort and marshaling many talented professionals to write individual chapters. For sharing their wealth of knowledge and professional talents, our thanks go to the many authors who contributed to the report. Our deepest gratitude also goes to University Vice President and Dean of the College of Public Programs for ASU, Debra Friedman, and Director of the School of Public Affairs for ASU, Jonathan Koppell, who made great efforts to ensure that ASU could provide this type of resource to Arizona.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): September 13, 2016 Exact Name of Registrant as Specified in Charter; State of Incorporation; IRS Employer Commission File Number Address and Telephone Number Identification Number 1-8962 Pinnacle West Capital Corporation 86-0512431 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix, AZ 85072-3999 (602) 250-1000 1-4473 Arizona Public Service Company 86-0011170 (an Arizona corporation) 400 North Fifth Street, P.O. Box 53999 Phoenix, AZ 85072-3999 (602) 250-1000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) This combined Form 8-K is separately filed or furnished by Pinnacle West Capital Corporation and Arizona Public Service Company. Each registrant is filing or furnishing on its own behalf all of the information contained in this Form 8-K that relates to such registrant and, where required, its subsidiaries.
    [Show full text]
  • Testimony of Walter W. Haase General Manager, Navajo Tribal Utility Authority
    Testimony of Walter W. Haase General Manager, Navajo Tribal Utility Authority U.S. House of Representatives Committee on Natural Resources Subcommittee on Indigenous Peoples of the United States Infrastructure in Indigenous Communities: Priorities for the American Jobs Plan April 21, 2021 UPDATED AND CORRECTED May 5, 2021 Chairwoman Leger Fernandez, Ranking Member Young, Members of the Subcommittee, thank you for providing me an opportunity to speak to you about infrastructure priorities in Indigenous Communities for the American Jobs Plan. My name is Walter W. Haase, and I am the General Manager for the Navajo Tribal Utility Authority (NTUA). I have served in that role since 2008. I am speaking with you today from NTUA Headquarters’ building located on the Navajo Nation. We are located along the border between New Mexico and Arizona in a community named Fort Defiance Chapter. It is named after a 19th century United States fort located at the mouth of the Blue Canyon, strategically placed to establish a military presence on the Navajo homeland. It is where the United States rounded up the Navajo People in the winter of 1863 - 1864 to take them on their 400+ mile Long Walk to Hwéeldi, also known as Bosque Redondo or Fort Sumner, in eastern New Mexico. It is the Navajo people’s Trail of Tears. At Hwéeldi, Navajo People advocated for their return to their homeland and on June 1, 1868, the United States signed a Treaty with the Navajo People. That Treaty recognized both parties setting aside land that would then be known as the Navajo Reservation.
    [Show full text]
  • Arizona Public Service Company Resource Plan
    ARIZONA PUBLIC SERVICE COMPANY RESOURCE PLAN REPORT January 29, 2009 How to Read this Report Following the Executive Summary, this Resource Planning Report has been divided into four parts, specifically to facilitate a careful dialogue of the Resource Plan, its development, and the analyses that support the selected Resource Plan. While each part can be reviewed independently, all readers should consider beginning their review with the Executive Summary and Part I, which together deliver the fundamental elements of this Resource Plan. Part I provides a review of the APS Resource Plan and the Action Plan. Part II addresses APS’s resource needs and some of the current challenges in resource planning. Part III describes APS’s current portfolio of resources, including transmission; provides a review of available resource options; and reviews the portfolio level analysis used in the development of this Resource Plan. Finally, Part IV provides a detailed discussion of four topics that APS believes will play an increasingly important role during the time period covered by this Resource Plan. A table of acronyms and a glossary of terms used in this Report follow the Table of Contents. TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................................................................... 1 1.1 INTRODUCTION ................................................................................................... 5 1.1.A. Purpose.........................................................................................................
    [Show full text]