Pinnacle West extends forward sale maturity to 24 months in ATM equity program

PINNACLE WEST CAPITAL CORP

On June 5, 2026, Pinnacle West amended its Equity Distribution Agreement to extend forward sale maturity from 18 to 24 months.
Total ATM program limit remains $900M; ~$630M already sold, leaving ~$270M available.
No changes to parties, commission rates, or other terms of the agreement.
The amendment only extends the outside maturity period for forward sale agreements.

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