Financing ·
Pinnacle West Capital Corporation entered into an Equity Distribution Agreement on August 4, 2026, establishing a…
PNWPinnacle West Capital Corp
Pinnacle West Capital Corporation entered into an Equity Distribution Agreement on August 4, 2026, establishing a sales agreement with multiple financial institutions to sell shares of its common stock. The company may offer and sell up to $500,000,000 in aggregate gross sales price of shares from time to time through at-the-market offerings or forward sale agreements. Managers receive commissions of up to 1% of the gross sales price. Net proceeds are intended for capital expenditures at Arizona Public Service Company, repayment of commercial paper, and general corporate purposes. Pinnacle West Capital Corporation operates as a utility holding company primarily owning Arizona Public Service Company.