Arizona Public Service to issue another $300 million of notes in 2015

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – Pinnacle West Capital Corp. expects its electric utility subsidiary Arizona Public Service Co. to issue up to $300 million more in long-term debt during 2015, according to a slideshow presentation filed with the Securities and Exchange Commission in conjunction with the utility’s investor meetings this week.

Previously this year, the utility issued $250 million in five-year 2.2% senior unsecured notes in January and $300 million of 10-year 3.15% senior unsecured notes in May.

Pinnacle West is a utility based in Phoenix.

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