The 10-K filing states that APS is preparing for and can serve significant load growth from residential and business customers, and is also now receiving unprecedented incremental requests for service from extra-large commercial energy users.

The 10-K filing indicates that APS is exploring available options for securing sufficient electric generation and transmission to meet these projections of future customer needs, which are not yet met.

The 10-K filing states that in APS's 2024 Ten-Year Plan, APS projects it will develop 109 miles of new transmission lines over the next 10 years.

The 10-K filing states that at the end of 2023, APS's residential customer satisfaction ranked in the second quartile among large investor-owned utilities, and its business customer satisfaction ranked in the second quartile of utilities nationally.

The 10-K filing states that APS currently intends to implement a public safety power shutoff (“PSPS”) program in addition to its current fire mitigation efforts.

The 10-K filing states that APS completed implementation of best-in-class fire modelling software that we are utilizing to more surgically identify and calculate risk and target future system improvement investments.

The 10-K filing states that APS faces potential financial risks resulting from climate change litigation and legislative and regulatory efforts to limit GHG emissions, as well as physical and operational risks related to climate effects.

The 10-K filing states that APS faces potential financial risks resulting from climate change litigation and legislative and regulatory efforts to limit GHG emissions, as well as physical and operational risks related to climate effects.

The 10-K filing states that the lack of access to sufficient supplies of water could have a material adverse impact on APS's business and results of operations.

The 10-K filing states that APS is subject to varying degrees of competition from other investor-owned electric and gas utilities in Arizona (such as Southwest Gas Corporation), as well as cooperatives, municipalities, electrical districts, and similar types of governmental or non-profit organizations.

The 10-K filing states that APS also sells, in the wholesale market, its generation output that is not needed for APS's Native Load and, in doing so, competes with other utilities, power marketers and independent power producers.

The 10-K filing states that deregulation or restructuring of the electric industry may result in increased competition, which could have a significant adverse impact on APS's business and its results of operations.

The 10-K filing states that APS is strategically deploying a variety of technologies that are intended to allow customers to better manage their energy usage, minimize system outage durations and frequency, enable customer choice for new customer sited technologies, and facilitate greater cost savings to APS through improved reliability and the automation of certain delivery functions.

The 10-K filing states that APS continues to focus on mitigating the cost pressures related to the current inflationary environment.

The 10-K filing states that APS is utilizing grid-scale energy storage projects to meet customer reliability requirements, increase renewable utilization, and to further our understanding of how storage works with other advanced technologies and the grid.

The 10-K filing highlights APS's deployment of advanced technologies, including energy storage, to improve power quality, system regulation, and integration of renewable generation.

The 10-K filing states that APS is also working to establish and expand advanced grid technologies throughout its service territory to provide long-term benefits both to APS and its customers.

The 10-K filing states that as a member of WMEG, APS is exploring the potential for a staged approach to new market services, including day-ahead energy sales, transmission system expansion, and other power supply and grid solutions consistent with existing state regulations.

The 10-K filing states that APS is currently authorized to receive up to $150 million annually in equity infusions from Pinnacle West without seeking ACC approval.

The 10-K filing states that on January 9, 2024, the ACC approved the increased equity infusion limit for 2024.

The 10-K filing states that on January 6, 2023, Pinnacle West contributed $150 million into APS in the form of an equity infusion, and APS used this contribution to repay short-term indebtedness.

The 10-K filing states that APS announced its goal to provide 100% clean, carbon-free electricity by 2050 with an intermediate 2030 target of achieving a resource mix that is 65% clean energy.

The 10-K filing states that APS has committed to exit from coal-fired generation by 2031.

The 10-K filing states that APS has increased investment in fire mitigation efforts to clear defensible space around our infrastructure, continue ongoing system upgrades, build partnerships with government entities and first responders and educate customers and communities.

The 10-K filing states that retail customers in APS's service territory increased 2.0% for the year ended December 31, 2023, compared with the prior-year period.

The 10-K filing states that APS currently project annual customer growth to be 1.5% to 2.5% for 2024 and the average annual growth to be in the range of 1.5% to 2.5% through 2026 based on anticipated steady population growth in Arizona during that period.

The 10-K filing states that while our energy mix evolves, APS's obligation to deliver reliable service to our customers remains. APS is managing through significant growth in the Phoenix metropolitan area while experiencing supply chain issues similar to other industries.