Pinnacle West upgraded to Buy from Neutral at SunTrust SunTrust upgraded Pinnacle West due to relative valuation, conservative expectations, and above average dividend yield of 4.4%. Price target remains $56.
News For PNW From The Last 14 Days
Check below for free stories on PNW the last two weeks.
APS to close Cholla's Unit 2 by April 2016 if EPA accepts compromise proposal The coal-fired Cholla Power Plant in Joseph City, Ariz., will close its 260-megawatt Unit 2 by April 2016 and stop burning coal at the other APS-owned units by the mid-2020s if the U.S. Environmental Protection Agency approves a compromise proposal offered by APS, the plantís owner. APS also will ask the Arizona Corporation Commission to approve the plan. If EPA approves the APS compromise, it will save more than $350M in potential costs that otherwise would be passed along to customers for emission control upgrades. Potential job losses will likely be mitigated through normal attrition and retirements. APS is the principal subsidiary of Pinnacle West.