52-week low: $60.05
Company Description
Pinnacle West is a holding company whose principle subsidiary is Arizona Public Service. APS is a vertically integrated regulated utility that provides electric service to 1.3 million customers over a 35,000-square-mile service territory in Arizona, including the city of Phoenix. Approximately 35% of power sold comes from the company s 29% interest in the nearly 4-gigawatt Palo Verde nuclear plant. Operated by APS, Palo Verde is the largest nuclear plant in the U.S. APS has invested approximately $675 million in the utility-scale photovoltaic solar plants as part of the AZ Sun Program, resulting in 170 MW of solar capacity owned by APS and over 1,000 MW of contracted solar energy from power purchase agreements.
Operators of the Palo Verde nuclear power plant told the Nuclear Regulatory Commission Thursday they have addressed oversights that let a plant operator be licensed without noting a medical condition that could have restricted his license.
Operators of the Palo Verde nuclear power plant told the Nuclear Regulatory Commission Thursday they have addressed oversights that let a plant operator be licensed without noting a medical condition that could have restricted his license.
Republic Services (NYSE: RSG) has canceled an order for 2,500 battery-electric refuse trucks from
Nikola Corp. (NASDAQ: NKLA), raising new questions about the electric truck startup s ability to generate revenue to keep its business plans alive.
Development of the trucks based on the Nikola Tre would take too long to develop and cost more than expected, Nikola said in a press statement Wednesday.
The goal of the collaboration with Republic was to design and build an industry-first fully integrated refuse truck based on a zero-emissions battery-electric drive platform and body. It would also integrate multiple new systems.
On a call Wednesday morning with investors, Nikola management said the Republic program was running $200 million over budget. And it would require a new bottom-up design instead of leveraging the Tre base chassis as planned, according to Cowen Inc. analyst Jeffrey Osborne.
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