This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pinnacle West's Management Present At 2012 Barclays Capital CEO Energy-Power Conference (Transcript)

Pinnacle West Capital Corporation (PNW)

2012 Barclays Capital CEO Energy-Power Conference Transcript

September 5, 2012 4:25 PM ET


James Hatfield - Senior Vice President and CFO


Dan Ford - Barclays Capital


Dan Ford - Barclays Capital

All right. We are going to move on to our last presentation of the day, which will be Pinnacle West Capital Corp. We’ve got James Hatfield, who is Senior Vice President and CFO to talk to us about a real stable story now, so Jim.

James Hatfield

Thank you, Dan. And thank you to you and your team for including us in the conference. This year we are delighted to be here. We welcome the opportunity to discuss our company’s progress and outlook, and we think we have a good story for you.

So I just want to start with the required forward-looking statements and also our non-GAAP measures which we refer to as ongoing earnings as we go into the presentation.

So starting off on who we are? Pinnacle West is a holding company, market capital near $6 billion and price value $9 billion and consolidated assets of about $13 billion. We have over last three years of substantially divested all of our non-utility subsidiaries to streamline strategic focus during that three year period.

Therefore today’s focus will be on our principal subsidiary, Arizona Public Service, which now represents essentially all of our business. Arizona is largest and oldest electric utility. We serve more than 1.1 million customers and Arizona has been one of the fastest growing states in the U.S. historically. Arizona Public Service provides stable earnings and cash flow to support Pinnacle West.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs