Pinnacle West Capital Corporation (NYSE: PNW) combines a solid foundation and a focused growth strategy to build Shareholder Value.

• Population growth in the southwest positions PNW to benefit from unique investment upside.
• Superior reliability and operating performance across our business.
• Excellent customer satisfaction and deep community involvement which strengthens customer and employee relationships.
• Solid financial results. Focused and strong rate base growth strategy over the next several years. Competitive dividend yield and payout.
• Constructive regulatory environment.