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Stock Market & Financial Investment News

News Breaks
May 30, 2014
13:26 EDTPNWPinnacle West valuation attractive after weak results, says Argus
Argus believes that Pinnacle West reported weak Q1 results, but the firm thinks the company has a number of ongoing positive catalysts and keeps a $64 price target and Buy rating on the shares.
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September 11, 2014
14:03 EDTPNWAPS 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.

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