Pinnacle West Capital Corp

PNW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$68.00	Lvk	Skmzwfjb

Pinnacle West: UNS Rate Case Outcome Suggests Arizona Regulation Might Be Turning Constructive

Travis Miller

Feb 12, 2024

We are reaffirming our $77 per share fair value estimate for Pinnacle West after reviewing a recent Arizona Corporation Commission ruling that set new electric rates for Tucson-based utility UNS Electric, a subsidiary of Fortis. We are reaffirming our narrow moat rating.

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