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Pinnacle West Reports 2020 Full-Year and Fourth-Quarter Results February 24, 2021
Full-year results reflect record heat, superior operational performance, continued cost management Annual retail customer growth a robust 2.3% Cultural transformation continues with introduction of the “APS Promise” Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $550.6 million, or $4.87 per diluted share, for full-year 2020. This result compares with net income of $538.3 million, or $4.77 per diluted share, in 2019. Weather impacts alone accounted for a year-over-year increase in after-tax revenues of $94 million, or $0.83 cents per share. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210224005141/en/ In a year of transition and renewed focus on excellence in customer care, the company recently launched a new cultural framework called The APS Promise. APS CEO Jeff Guldner and the leadership team are championing this cultural transformation to keep...
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