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)

So we have constructive recovery in place for much of APS’ CapEx, minimal annual spend is expose to regulatory lags, the right graph depict CapEx by major recovery mechanism.

We expect about 80% of our cash flow over this or CapEx over this timeframe will be recovered either through mechanisms currently in this last rate case of 45% or 35% by depreciation cash flow. And so we’ll talk more about the recovery mechanisms and the projects more detail in the minute.

So I want to the second pillar, maintaining operational excellence. We believe the superior operating performance represents stable stakes for meeting our customers needs, achieving constructive regulatory outcomes and creating value for investors and so on the next slide I have some recent performance highlights.

We focus on maintaining top-tier performance companywide. So we’ve achieve that in the number of areas, customer satisfaction, APS continues in top decile among U.S. utilities. This summer APS ranked 3rd highest nationally among 55 large investor-owned utilities in 2013 J.D. Power Residential Survey.

Strong Nuclear and Coal Base Resources, we operate above or near industry averages and in terms of Palo Verde the largest U.S. nuclear power plant in the U.S. which we operate 29.1% we sold the NRC provide license extension in April 2011 shortly after the year Japanese disaster.

Customer to the plants performance and management relationship with the NRC, we have top U.S. quartile and average time for customers for the past several years, and we had a very strong safety year in 2011 achieving our best safety year in the history of the company.

I only mentioned that because when you have a strong safety record it shows that you are paying attentions to the detail in your operations. We’re going to continue to pursue goal of zero recordable injuries.

Read the rest of this transcript for free on

3 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 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs