November 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Arizona Public Service Company (APS) (Phoenix, Arizona) is planning for a total $1.8 billion in capital investment for 2023, and an estimated $5.45 billion through 2025, which would be buoyed by transmission and distribution (T&D) spending, according to the utility's third-quarter earnings presentation, released November 2. APS is the principal subsidiary of Pinnacle West Capital Corporation (NYSE:PNW) (Phoenix, Arizona).