October Investor Meetings
Table of Contents
Company Profile
Growth Outlook & Energy Future
Financial Outlook
Company Profile
Service Territory
Key facts as of Dec. 31, 2024 | |
Consolidated assets | $26B |
Market cap | $9.64B |
Generating capacity owned or leased (year end) | 6.5GW |
Customers | 1.4M |
Current % from clean energy | 54% |
Retail sales mix (Residential/Non-Residential) | 52%/48% |
As of December 31, 2024.
Arizona's largest electric company Growth Outlook & Energy Future
Phoenix housing is affordable compared to major cities in the region
U.S. Census ranked Maricopa County third among U.S. counties for growth
Phoenix is ranked #1 out of 15 top growth markets for manufacturing by Newmark Group, a global real estate firm
Arizona State University ranked #1 in Innovation for 10th straight year by U.S. News and World Report
Phoenix remains #1 as best positioned industrial real estate market by Commercial Café Report
Arizona economy continues to
be robust and attractive
New APS Customer Meter Sets
40,000
30,000
20,000
10,000
-
2012
2016
2020
2024
Residential Customer Growth1
3%
2%
2.3%
2.4%
1.5%-2.5%
2.2%
2.1%
2.1%
1%
0%
2020
2021
2022
2023
2024
2025E
APS Residential Growth
Natn'l Avg.-Residential
1 National average from 2024 Itron Annual Energy Survey Report.
Arizona continues to be an attractive service territory with strong customer growth Best-in-class service territory supports high tech growth and economic development
Arizona is an attractive location for business growth
Infrastructure ─ close proximity to major markets in the West
with accessibility by rail or truck
Weather predictability ─ low propensity for natural disasters and greatest solar irradiance in America
Workforce availability ─ three major universities graduating a
skilled labor force
Affordability ─ business friendly policies and regulation
Large C&I customers as a growth driver
Accounts for 3%-5% of the 4%-6% long-term weather normalized sales growth1 guidance
Amplifier effect for jobs and surrounding communities leading to residential growth
Proposed rate design modifications including direct assignment of generation costs to ensure growth pays for growth
1 Forecasted guidance range through 2027.
Source: Arizona Commerce Authority
Arizona's commercial and industrial growth is diverse We have an improved regulatory environmentImprovements at the
Arizona Corporation Commission
Balanced, constructive and more consistent outcomes,
including improved ROE to APS
Approval of Formula Rate Policy Statement
Reaffirmation of Rate Case Settlement Policy
Continued support of adjustor mechanisms to improve cost recovery, including SRB
Commitments by the Company
Sustain investment in customer experience improvements
Continue to find alignment with regulators and work with stakeholders on common issues
Advocate for reduced regulatory lag
Focus on customer affordability
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