PNW · 8-K · 20260807PR000044

Market Demand Trends

PINNACLE WEST CAPITAL CORP · 2026-08-07 · Importance 67 · Surprise 76

APS serves 1.4 million customers in Arizona, with residential and non-residential customers each representing 50% of retail sales. Weather-normalized retail sales grew for 10 consecutive quarters within or above the original 4%-6% long-term guidance range. Commercial and industrial sales increased 13.6% year to date in 2026 as extra-high-load-factor customers ramped. The company increased its long-term sales-growth expectation to 5%-7% through 2030.

Key facts