Arizona Public Service Shifts Near-Term Capital Spending Plans to T&D from 'Clean' Generation
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SUGAR LAND, TEXAS--August 25, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--It was not that long ago that Arizona Public Service Company (APS) (Phoenix, Arizona) planned to spend about 40% of its capital outlays on "clean generation." But in its second-quarter earnings presentation, released August 5, the utility company showed a marked move back to traditional transmission & distribution (T&D) infrastructure. Over the 2021-2023 period, APS plans to devote about 50% of its planned capital expenditures (capex) to its T&D network. "Clean generation," by contrast, will receive about 13% of overall capital investment.
Within this article: Details on APS' decarbonization goals.
Companies featured: Pinnacle West Capital Corporation (NYSE:PNW)
