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The economic and business success of our family of companies is inextricablly tied to the economic success and sustainability of the communities that we serve. That is why Pinnacle West is so active in the community. We have a commitment to bettering the state's economic and social vitality by being active in economic development, through community and business leadership, volunteerism, education, environmental stewardship and charitable giving.
Pinnacle West has a tremendous economic impact on the communities we serve, including:
- Our product, electricity, is essential to economic growth and a functional economy. Our customers rely on us to provide efficient and reliable electrical service so that they can live, work and grow their businesses
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Pinnacle West is a major employer in Arizona, and one of a relatively few S&P 500 companies with headquarters in Arizona
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APS is essentially one of the largest construction companies in Arizona due to the extensive construction of new substations, distribution and transmission lines, power plants and other infrastructure necessary to both maintain our system and to grow our system to meet the rapid growth of our customers
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Affiliate SunCor is a major developer in commercial and residential projects
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Pinnacle West's economic development efforts are a major contributor to economic growth in Arizona. We are somewhat unique in that our economic development efforts extend to all areas of the state, including rural areas, rather than just focusing in on the major metropolitan areas
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Pinnacle West's Supplier Diversity Program has provided a significant benefit to the development of a diverse supplier network in Arizona
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Our extensive network of power plants, transmission and distribution lines, offices and support facilities provides a great deal of property tax dollars to the areas we are located. For example, the Palo Verde Nuclear Generating Station is the largest single commercial taxpayer in Arizona
In this report, we also provide financial details on issues such as spending on minority- and women-owned businesses, and charitable donations, and have a detailed discussion on climate change which may have future economic impacts.

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Energy is a key factor of economic progress.
Despite gains made in lowering the energy needed per unit of Gross Domestic Product (GDP), there remains a strong correlation between GDP growth and electricity consumption, as business and industry substitute electricity for less efficient fuels as seen in the chart.
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