PHOENIX – Pinnacle West Capital Corp. (NYSE: PNW) announced today a number of organizational actions that are effective immediately.

Jack E. Davis, President & CEO of APS and President of Pinnacle West, has assumed the additional title and responsibilities of Chief Operating Officer of Pinnacle West. Davis will continue to report to Pinnacle West Chairman and CEO Bill Post.

Steve Wheeler, Senior Vice President of Regulation, System Planning and Operations at APS, has been named Executive Vice President of Customer Service and Regulation for APS. He assumes the added responsibility of Customer Service.

Don Brandt, Senior Vice President and CFO for Pinnacle West and APS has been named Executive Vice President and CFO for APS and its parent. He assumes the added responsibilities of financial planning and the Controller’s office.

In addition, Don Robinson, Vice President of Finance & Planning, has been named Vice President of Planning for APS. He will be responsible for corporate and resource planning, budgeting and forecasting, and risk management.

All three will continue to report to Davis.

Pinnacle West Capital Corp. is a Phoenix-based company with consolidated assets of approximately $9 billion. Through its subsidiaries, the company generates, sells and delivers electricity and sells energy-related products and services to retail and wholesale customers in the western United States. It also develops residential, commercial and industrial real estate projects.

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Media:
Alan Bunnell, (602) 250-3376

Analyst:
Rebecca Hickman, (602) 250-5668