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Pinnacle West updates long-term sales growth guidance to 8%-10% through 2030
PNWPinnacle West Capital Corp
Pinnacle West Capital Corporation released investor presentation materials for November meetings, updating its long-term weather-normalized retail sales growth guidance to a range of 8%-10%, extended through 2030. The company cited robust commercial and industrial demand from semiconductor manufacturing and data centers as primary drivers, noting that Arizona's C&I sales growth reached 13.9% year-to-date in 2026. Pinnacle West reaffirmed its long-term earnings per share growth target of 5%-7% and outlined a capital plan to support significant infrastructure investments, including new gas generation and transmission expansion. The company operates as an energy holding company with Arizona Public Service Company as its principal regulated utility subsidiary.