Does Pinnacle West Capital Corporation have any subsidiaries?

Yes, Pinnacle West Capital Corporation does have subsidiaries. As a holding company, it operates through its principal subsidiary, Arizona Public Service Company (APS), which is an electric utility company serving over 1.3 million customers in Arizona. APS is responsible for generating, transmitting, and distributing electricity to residential, commercial, and industrial customers across the state. Pinnacle West also has a few smaller subsidiaries, including Bright Canyon Energy, which focuses on the development and operation of renewable energy projects, and Pinnacle West Services Company, which provides non-regulated energy services and products. These subsidiaries allow Pinnacle West to diversify its operations and provide comprehensive energy solutions to its customers while maintaining strong financial stability.