Pinnacle West Capital Unit Awarded $70 Million in Federal Grants for Grid Resilience, Wildfire Prevention

MT Newswires Live

2024/10/18

Pinnacle West Capital's (PNW) Arizona Public Service unit said Friday that it been awarded $70 million in US Department of Energy grants to enhance grid resilience and wildfire prevention under the Grid Resilience and Innovation Partnerships program.

The funding includes $50 million to expand APS's wildfire mitigation efforts, Arizona Public Service said.

An additional $20 million will support smart grid improvements to boost reliability and power delivery, particularly in rural areas, the company said.

Price: 86.97, Change: -0.12, Percent Change: -0.14

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