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Stock impact report

Arizona utility agrees not to cut off power for nonpayment when it's 95 degrees Fahrenheit or above [Yahoo! Finance Canada]

Pinnacle West Capital Corporation (PNW) 
Last pinnacle west capital corporation earnings: 2/21 08:40 am Check Earnings Report
US:NYSE Investor Relations: pinnaclewest.com/investors
degrees Fahrenheit (35 degrees Celsius) or above as part of a $7 million settlement of a lawsuit prompted in part by the 2024 death of an 82-year-old woman whose power was disconnected, Attorney General Kris Mayes said Wednesday. The state's settlement with Arizona Public Service, which previously prohibited shutoffs because of nonpayment between June 1 and Oct. 15, also called for the utility to pay $2.7 million that will be deposited into a state consumer protection fund and another $3.4 million to improve a program that lets customers designate family members or friends as emergency contacts who can receive notices in a bid to help prevent shutoffs. Mayes' office said the lawsuit grew out of concerns about disconnection practices during extreme heat, including the death of Katherine Korman at her Sun City West home. Her service was cut off in mid-May 2024 because of nonpayment on a day when the daily high temperature in her area reached about 99 degrees Fahrenheit (37 degrees Show less Read more
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