APS Returning More Money to Customers Thanks to Federal Tax Reform
Pinnacle West Capital Corporation (PNW)
Last pinnacle west capital corporation earnings: 2/21 08:40 am
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Source: Business Wire
Corporation Commissioners approve second reduction bringing total savings to $200 million PHOENIX--(BUSINESS WIRE)-- With unanimous approval from the Arizona Corporation Commission today, APS will pass $86 million more in federal tax reform savings on to customers beginning in April. This is the second federal tax adjustment since March 2018, and this portion of the savings will be returned to customers throughout the next year. For a customer using the average amount of electricity, the latest reduction will be about $2.50 per month and will vary based on actual usage, meaning larger users will see bigger savings. These savings appear on monthly bills as a line item called the tax expense adjustor mechanism. One year ago, customers started seeing the first $119 million in savings from these tax changes on their monthly bill, and with today’s ACC decision, the total benefit will reac
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News
- Here's Why Pinnacle West (PNW) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
- Pinnacle West Capital Corporation (NYSE:PNW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pinnacle West Capital Co. (NYSE: PNW) had its price target raised by analysts at Wells Fargo & Company from $74.00 to $77.00. They now have an "equal weight" rating on the stock.MarketBeat
- Pinnacle West (PNW) Q1 Earnings & Sales Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Pinnacle West (PNW) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
PNW
Earnings
- 5/2/24 - Beat
PNW
Sec Filings
- 5/6/24 - Form DEFA14A
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- PNW's page on the SEC website