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PINNACLE WEST CAPITAL CORP

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

PNW$105.26+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

GLOSSARY OF NAMES AND TECHNICAL TERMSii

GLOSSARY OF NAMES AND TECHNICAL TERMS

ACAlternating Current
ACCArizona Corporation Commission
ADEQArizona Department of Environmental Quality
AFUDCAllowance for Funds Used During Construction
ANPPArizona Nuclear Power Project, also known as Palo Verde
APSArizona Public Service Company, a subsidiary of the Company
AROAsset retirement obligations
ATM ProgramAt-the-market equity distribution program
Base Fuel RateThe portion of APS’s retail base rates attributable to fuel and purchased power costs
BCEBright Canyon Energy Corporation
CAISOCalifornia Independent System Operator
CaptiveCaptive Insurance Cell
CCRCoal combustion residuals
ChollaCholla Power Plant
DGDistributed Generation
DOEUnited States Department of Energy
DOIUnited States Department of the Interior
DSMDemand side management
EESEnergy Efficiency Standard
EGUElectric generating unit
El DoradoEl Dorado Investment Company, a subsidiary of the Company
EPAUnited States Environmental Protection Agency
FERCUnited States Federal Energy Regulatory Commission
Four CornersFour Corners Power Plant
GHGGreenhouse gas
GWhGigawatt-hour, one billion watts per hour
kVKilovolt, one thousand volts
kWhKilowatt-hour, one thousand watts per hour
LFCRLost Fixed Cost Recovery Mechanism
MWMegawatt, one million watts
MWhMegawatt-hour, one million watts per hour
Native LoadRetail and wholesale sales supplied under traditional cost-based rate regulation
Navajo PlantNavajo Generating Station
NERCNorth American Electric Reliability Corporation
NRCUnited States Nuclear Regulatory Commission
NTECNavajo Transitional Energy Company, LLC
OCIOther comprehensive income
Palo VerdePalo Verde Generating Station or PVGS
Pinnacle WestPinnacle West Capital Corporation (any use of the words “Company,” “we,” “us,” and “our” refer to Pinnacle West unless the context requires otherwise)
PNW PowerPinnacle West Power, LLC, a subsidiary of the Company
PPAPower Purchase Agreement
PSAPower Supply Adjustor
RedhawkRedhawk Power Plant
RESArizona Renewable Energy Standard and Tariff
Salt River Project or SRPSalt River Project Agricultural Improvement and Power District
SCESouthern California Edison Company
SundanceSundance Power Plant
TCATransmission cost adjustor
TEAMTax expense adjustor mechanism
VIEVariable interest entity

ii

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.