Profile

Pinnacle West Capital is a utility holding company that owns Arizona Public Service and Bright Canyon Energy. It is publicly traded on the New York Stock exchange and a component of the S&P 500 stock market index. In February 1985, Arizona Public Service Company reorganized as a holding company, AZP Group Inc., with APS as the leading subsidiary. It traded under the ticker symbol AZP. 1985 earnings reached a new record high at almost US$290 million, and by the end of the year the stock price had doubled from its 1984 low.