Pinnacle West said its 2024 EPS guidance is $4.60 to $4.80. The key assumptions cited include retail customer growth of 1.5% to -2.5%, weather-normalized retail electricity sales growth of 2.0% to -4.0%, and normal weather.

1. 01

   Pinnacle West said its 2024 EPS guidance is $4.60 to $4.80. The key assumptions cited include retail customer growth of 1.5% to -2.5%, weather-normalized retail electricity sales growth of 2.0% to -4.0%, and normal weather.

2. 02

   Pinnacle West said the final decision in the 2022 rate case includes an ROE of 9.55%, an FVI of 0.25% and an equity ratio of 51.93%. It said the total base rate increase is $491.7M and the total net increase is $253.4M.

3. 03

   The company said it presented total APS capital investment of $6.0B for 2024 to 2026, and its financing plan for 2024 to 2026 included a Deferred Equity Need of $500M related to PNW equity.

4. 04

   Pinnacle West said its adjusted O&M outlook for 2024, excluding RES and DSM and CCT, is $940 to $960 million. It also said its long-term EPS growth target, off the 2024 midpoint, is 5% to -7%.

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Original filing

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