Fri, 24 Feb 2012 11:45:05 CDT
Pinnacle West Capital Corp. saw better profits in the fourth quarter but a yearly dip as the parent company of Arizona Public Service Co. continues to hold the line on costs amid energy efficiency efforts and cooler weather that drove use down. Phoenix-based Pinnacle West (NYSE: PNW) reported a profit of $12.6 million for the quarter that ended Dec. 31, or 11 cents per share, on revenue of $667 million. That compares with income of $7.4 million on revenue of $657 million one year earlier. Pinnacle West's profits from continuing operations were about $12...
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