In August, Arizona Public Service saw two peak energy demand records. That contributed to stronger third quarter earnings for the utility’s parent company.
It’s hard to say that earnings in the last three months wouldn’t have outpaced the same time last year without those record demand days. But overall, earnings are 2.5% lower so far this year than the same time frame of 2024.
Pinnacle West Capital Corp reported higher revenue this year, but higher interest expenses partially contributed to the lower net income.
Looking ahead, Pinnacle West continues to expect large industrial users like data centers and TSMC will make up 70%-80% of retail electricity sales growth next year.
The company’s CEO said natural gas is going to play a major role in fulfilling that demand from large users. APS announced a new gas plant last week.
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The Bureau of Land Management's Public Lands Rule put conservation on equal footing with grazing and energy production. The Trump administration is trying to roll it back. -
The Valley’s two largest water providers will connect their systems, allowing water from the Salt River Project into the Central Arizona Project canal system. -
As utilities move away from coal, greenhouse gasses will still be emitted as utilities face unprecedented demand from data centers and shift to natural gas. -
The Arizona Department of Water Resources has taken the first step toward creating a new part of the state in which groundwater is regulated. -
Parts of Arizona are starting to see temperatures dip, but with the federal government shutdown, home heating assistance money is not available.
