The company said its 2025-2027 Financing Plan presents Total Capital Investment of approximately $7.6B, to be funded by Cash from Operations (net of shareholder dividends) of approximately $3.6B, APS Debt of $2.5B to $2.7B, PNW Debt of $500M to 700M, and PNW Equity of $700 to 900M.

1. 01

   The company said its 2025-2027 Financing Plan presents Total Capital Investment of approximately $7.6B, to be funded by Cash from Operations (net of shareholder dividends) of approximately $3.6B, APS Debt of $2.5B to $2.7B, PNW Debt of $500M to 700M, and PNW Equity of $700 to 900M.

2. 02

   Pinnacle West said its total CapEx Profile for 2024E to 2027E is $9.65B, compared with $7.80B for 2023 to 2026E. It said annual totals are $2.05B for 2024E, $2.40B for 2025E, $2.55B for 2026E and $2.65B for 2027E.

3. 03

   The company set a long-term EPS growth target of 5% to -7% CAGR off 2024, based on its current weather normalized compound annual growth rate projections for 2024 to 2028.

4. 04

   The company presented an Equity Layer of 51.93%, Allowed ROE of 9.55% and Rate Base of $10.36B for ACC rates effective 03/08/2024. FERC presented an Equity Layer of 49.64%, Allowed ROE of 10.75% and Rate Base of $2.1B for rates effective 06/01/2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.