Milder summer drops cooling demand, population growth drives capital plan updates

摘要

Pinnacle West reported lower Q3 2021 earnings due to less intenseweather compared to a year ago when a historic heatwave swept theWestern US and led to record high temperatures and wholesale powerprices, officials said Nov.5 during the quarterly earnings call.The utility earned $3/share in Q3 2021, down slightly from $3.07/share in Q3 2020, Senior Vice President and CFO Theodore Geisler said,adding although mild weather was a significant factor it was largelyoffset by strong sales.