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Energy News

APS parent reports strong Q4 results, beats Wall Street projections

The parent company of Arizona’s largest utility put up strong fourth quarter financial results, easily beating what analysts were anticipating.

Pinnacle West Capital Corp. (NYSE: PNW), the parent company of Arizona Public Service Co., on Friday reported higher income on lower revenue for the quarter that ended Dec. 31, 2018, on financial numbers that looked strikingly similar to the same quarter in 2017.

Don Brandt, Pinnacle West’s chairman, president and CEO, said in a statement the financials…

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Energy News

Pioneer Natural Resources CEO to retire

Pioneer Natural Resources (NYSE: PXD) announced Thursday that CEO Tim Dove will retire, effective immediately.

Dove, who also serves on the company’s board of directors, joined Irving-based Pioneer about 24 years ago and was named CEO in 2016.

Scott Sheffield will replace Dove as chief executive, returning to a role that he previously held from 1997 to 2016. Ken Thompson will take over as chairman of the board, a position held by Sheffield since 1999.

A news release from Pioneer noted that Dove…

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Energy News

Eversource nears solar milestone

This story first appeared on MassLive.com.

Eversource is on track to deliver 62 megawatts of carbon-free, renewable energy to Massachusetts residents and businesses, having completed 19 new solar power projects across the state.

The projects include a canopy-style solar site at Eversource’s East Springfield maintenance depot that it connected to the grid last summer and a ground-mounted solar site on Performance Boulevard in the Smith & Wesson Industrial Park that Eversource connected last…

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