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Powering Arizona's Future

2024 Annual Report



Please review our note on forward-looking statements.

For nearly 140 years, we have been inextricably tied to the overall success and sustained growth of Arizona. Through our operating company Arizona Public Service, our strong and resilient electric system, affordable energy and the dedication of our employees, we have built a foundation for the future.

Arizona continues to be a highly attractive destination for both residents and businesses. Our growth outlook for 2025 and beyond remains robust, led by a dramatic increase in commercial and industrial customers. In turn, this growth is stimulating a historic wave of demand for electricity in our state.

Ted and Jeff
Chairman, President and CEO Jeff Guldner (right) and his successor, Ted Geisler, effective April 1, 2025