Why is Pinnacle West Capital Corporation stock rising?
TSMC's expanded Arizona commitment to up to 12 fabs and advanced packaging facilities is a committed large-load expansion that should drive future C&I sales and grid investment.
The Cholla coal-unit conversion is expected to add about 380 MW of dispatchable gas generation by 2029, using existing plant and transmission assets.
The Red Hawk expansion is under construction and will add eight combustion turbines and about 400 MW of natural gas capacity.
Desert Sun Phase 1 is expected to begin serving committed large-load customers by late 2030, with Phase 2 reserved for subscription-model demand.
PNW expects to file subscription-model large-load agreements in 2026, potentially converting part of the roughly 20 GW uncommitted queue into committed demand.
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