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Pinnacle West Capital gets minor victory in Arizona utility case (update)

Mar. 07, 2023 5:29 PM ETPinnacle West Capital Corporation (PNW)By: Joshua Fineman, SA News Editor3 Comments

Electricity workers and pylon silhouette

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Update 5:30pm: Updates shares, adds Pinnacle West comment.

An Arizona appeals court ruled that utility Pinnacle West Capital (NYSE:PNW) can increase can its rate of return to 8.9% from 8.7% and and approved costs that had

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Comments (3)

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Thanks for a well written article. I am long BNS, but am concerned about all Canadian banks due to the massive increase in real estate throughout Canada epitomized by Vancouver real estate prices that are financed by the Canadian banks. This leverage seems to be susceptible to any disruption to an economy based on natural resource exports. This may be triggered by decreasing demand during global recession coupled with possible Chinese sanctions against U.S. Allies. How does one assess this possibility?
Perhaps this will send a msg to the Arizona regulators.
bill h illify profile picture
Every little bit counts.

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