Arizona Public Service Company Overview
Pro stress-test →Arizona Public Service (APS), a subsidiary of Pinnacle West Capital, distributes power to about 1.4 million customers in about 10 of 15 Arizona counties, making it the largest electric utility in the state. The company generated $4.6 billion in annual revenue in 2026.
Strategic Profile
Pro stress-test →APS's vision is "Creating a sustainable energy future for Arizona" and the company continues to meet energy needs with a solid combination of price and service. Recently, the company partnered with Recurrent Energy, a subsidiary of Canadian Solar, to develop a 150 MWac solar plant and 600 MWh storage site in Maricopa County. APS has raised rates twice since 2022 and is seeking an additional 14% rate increase in 2026.
Competitive Landscape
Pro stress-test →APS competes with major regional players including SRP (Salt River Project), Eversource, and FPL. As the largest electric utility in Arizona serving ~1.4M customers, APS faces competition from municipal cooperatives and alternative energy providers. The competitive position is reinforced by scale, infrastructure, and market leadership, but challenged by regulatory oversight and rising customer expectations for renewable energy transition.
Industry Context
Arizona Public Service Company operates in Electric utilities - regulated distribution and generation.
Key facts
Founded: 1886 · Headquarters: Phoenix, US · Employees: 4,026 · Revenue: $4.6B · Market cap: N/A