Pinnacle West Capital Corp
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Utilities : Electric Utilities | Mid Cap ValueCompany profile

Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution. It owned and leased 6,236 megawatt (MW) of regulated generation capacity and the Company held a mix of both long-term and short-term purchased power agreements for additional capacity, including agreements for the purchase of renewable energy, as of December 31, 2016. Its subsidiaries include Arizona Public Service Company, which is a vertically-integrated electric utility that provides retail or wholesale electric service to the State of Arizona, with the exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona.

Closing Price
$85.55
Day's Change
-0.65 (-0.75%)
Bid
--
Ask
--
B/A Size
--
Day's High
86.38
Day's Low
85.32
Volume
(Light)
Volume:
677,225

10-day average volume:
903,127
677,225

Michaels gives interim CEO the permanent job

8:04 am ET October 22, 2019 (MarketWatch)
Print

The Michaels Companies Inc. (MIK) said Tuesday that it had tapped its interim chief executive to take on that role permanently. Mark Cosby had been serving in the interim chief executive position since February 2019 and had stints at Office Depot Inc. (ODP), CVS Health Corp.'s (CVS) Caremark, and Macy's Inc. (M) prior to joining the crafts retailer. "The search committee conducted an exhaustive evaluation of many outstanding candidates and unanimously concluded that Mark brings the right strategic vision and operating skill to lead Michaels into a new chapter," Chairman James Quella said in a release. Michaels shares were inactive in premarket trading. The stock has tumbled 27% so far this year, while the S&P 500 has gained 20%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 22, 2019 08:04 ET (12:04 GMT)

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