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Pinnacle West Reports 2017 Full-Year and Fourth-Quarter Results February 23, 2018
Full-year results benefit from strong operational performance and regulatory settlement Annual customer growth increases 1.8 percent Company updates 2018 guidance Pinnacle West Capital Corporation (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $488.5 million , or $4.35 per diluted share, for full-year 2017. This result compares with net income of $442.0 million , or $3.95 per share, in 2016. “Led by strong operational performance and a regulatory settlement that allows us to continue investing in a smarter and cleaner energy infrastructure, 2017 proved to be another solid year for our company,” said Pinnacle West Chairman, President and Chief Executive Officer Don Brandt. “Our employees once again did an excellent job running and maintaining our generation fleet and electric grid, and ensuring that our 1.2 million customers received the reliable electrical service they have come to expect from us.” Arizona Public Service Co.’s power...
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