Pinnacle West Capital (PNW) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 3, 2022 12:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Pinnacle West Capital Corporation 2022 Second Quarter Earnings Conference Call. At this time, all participants are on a listen-only mode. After managements' prepared remarks, there will be a question-and-answer session.

I would now like to turn the call over to the host, Amanda Ho, Director of Investor Relations. Please go ahead.

Amanda Ho

Thank you, Kelly. I would like to thank everyone for participating in this conference call and webcast to review our second quarter 2022 earnings, recent developments and operating performance. Our speakers today will be our Chairman and CEO, Jeff Guldner; and our CFO, Andrew Cooper; Ted Geisler, APS' President; and Jacob Tetlow, Executive Vice President of Operations are also here with us.

First, I need to cover a few details with you. The slides that we will be using are available on our Investor Relations website, along with our earnings release and related information. Today's comments and our slides contain forward-looking statements based on current expectations and actual results may differ materially from expectations. Our second quarter 2022 Form 10-Q was filed this morning.

Please refer to that document for forward-looking statements, cautionary language, as well as the risk factors and MD&A sections, which identify risks and uncertainties that could cause actual results to differ materially from those contained in our disclosures. A replay of this call will be available shortly on our website for the next 30 days. It will also be available by telephone through August 10, 2022.

I will now turn the call over to Jeff.

Jeff Guldner

Thank you, Amanda, and thank you all for joining us today. We were troubleshooting a little bit of static on the line. So hopefully we're able to address that as we get the call started here this morning. Financial results year-to-date in 2022 continue to be in line with our expectations. And so, before Andrew discusses the details of our second quarter results, I'll provide a few updates on recent operational and regulatory developments and I'll also touch on our ESG progress and accomplishments.

As we move through the summer season, our team continues to excel in delivering reliable service to our customers. Each year, we prepare for summer, ensuring that we've got adequate generation resources to meet our peak demand and preparing for the summer wildfire season, which started early this year. Our robust vegetation management, fire mitigation programs and mandatory line inspection requirements prior to reenergizing high-risk area lines, all contribute to the protection of our infrastructure and the public safety, as well as to reliable service for our customers.