Profits hit $122.3 million for APS owner

Phoenix — Phoenix-based Pinnacle West Capital Corporation, parent firm of Arizona Public Service Company, said its second quarter profit for this year ending June 30 rose to $122.3 million, compared to $86.7 million this time last year.

Pinnacle West Chairman, President and Chief Executive Officer Don Brandt, in announcing the higher earnings to stock holders, remarked, “Temperatures well above normal during the quarter – combined with temperatures significantly below historical averages a year ago – positively impacted our second-quarter results.



For the complete article see the 08-08-2012 issue.

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