Palo Verde Generating Station

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The Palo Verde Generating Station is a nuclear power plant located near Tonopah, Arizona, in western Arizona. It is located about 45 miles (72 km) west of downtown Phoenix. Palo Verde generates the largest amount of electricity in the United States per year, and has the second largest rated capacity. It is a critical asset to the Southwest, generating approximately 32 million megawatt-hours annually. As of 2013, the Palo Verde Generating Station was the largest power plant in the United States by net generation.[6] Its average electric power production is about 3.3 gigawatts (GW),[5] and this power serves about four million people. The Arizona Public Service Company (APS) operates and owns 29.1% of the plant. Its other major owners include the Salt River Project (20.2%), the El Paso Electric Company (15.8%), Southern California Edison (15.8%), PNM Resources (7.5%), the Southern California Public Power Authority (5.9%), and the Los Angeles Department of Water and Power (5.7%). APS was granted a 20-year license extension to operate through 2045 for Unit 1, 2046 for Unit 2, and 2047 for Unit 3, with the option to submit a subsequent license renewal application for extended operation.

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2.8

Overall Excellence Rating

Industry

Oil, Gas and Mining

Category

Energy & Utilities

ESG/Ethical Impact

Palo Verde is committed to its role as a significant contributor to the local economy and a strong partner in local schools, civic organizations and charitable causes. Palo Verde creates an annual economic impact of more than $2 billion to the Arizona economy. The Agua Fria Food & Clothing Bank is deeply grateful for all the financial support and volunteer hours provided by Palo Verde employees. Their team helps to ensure the safety and functioning of our building, provides resources for our annual Christmas distribution and so much more. We look forward to our continued partnership for many years to come. Palo Verde strives to be a good corporate citizen, investing our time, resources and energy into the programs, projects and initiatives that help the communities where our employees and owners work, serve and live. Giving back to our communities is an important part of our culture, and we are committed to having a positive social, economic and environmental impact. Palo Verde coordinates numerous educational, community service and public outreach programs that encourage employee volunteers to donate their time, talents and resources inside and outside of work hours. We support and encourage our employees’ engagement in the community as mentors, coaches, neighborhood leaders and other stewardship roles. We are committed to connecting our community with the benefits of Palo Verde and the value it brings to the Southwest.

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Awards Received

2023

Revenues

$345,000,000.00

Website Traffic

Employee Rating

4.1

Customer Rating

3.9

Company Size

1000-5000

ESG Risk Rating

3

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