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Pinnacle West Capital Corporation

Pinnacle West Capital Corporation (PNW) is a public utility holding company headquartered in Phoenix, Arizona. It operates through its primary subsidiary, Arizona Public Service Company (APS), which provides retail and wholesale electric service to approximately 1.3 million customers in 11 of Arizona's 15 counties.

PNW's business is divided into two primary segments: The Regulated Utility segment, which includes the operations of APS, and the Non-Regulated Energy segment, which consists of the company's renewable energy, energy efficiency, and energy trading operations.

PNW has a market capitalization of around $17 billion and is listed on the New York Stock Exchange (NYSE). The company has a strong track record of financial performance and has consistently paid dividends to its shareholders. In fact, PNW has increased its dividend for 17 consecutive years, making it a Dividend Aristocrat.

The company's strategy is focused on providing safe, reliable, and affordable electricity to its customers, while also investing in renewable energy and energy efficiency initiatives. PNW has set a goal to reduce its carbon emissions 100% by 2050, and is making significant investments in solar, wind, and energy storage technologies to help achieve this target.

Overall, Pinnacle West Capital Corporation is a well-established and financially strong company with a long history of success in the utility industry. Its focus on renewable energy and energy efficiency, as well as its commitment to providing affordable and reliable electricity, make it an attractive investment opportunity for investors seeking exposure to the utility sector.