Arizona Public Service Company (APS), founded in 1886 and headquartered in Phoenix, Arizona, serves as the largest electric utility in the state, committed to providing reliable, affordable, and sustainable energy solutions to its customers. APS generates, transmits, and distributes electricity, offering a portfolio that includes renewable energy sources such as solar and wind, alongside traditional generation methods.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
APS has a well-established history of bond issuances, dating back to the early 20th century, which have played a crucial role in financing its growth and infrastructure improvements. Notably, in 2021, APS issued $700 million in bonds to fund various capital projects, reflecting an attractive yield of 3.2%, which was competitive within the industry. The firm’s bonds typically feature investment-grade ratings, providing investors with a stable option in the utility sector. Additionally, APS continues to align its financing strategies with clean energy initiatives, affirming its commitment to sustainability in a rapidly evolving market.