Pinnacle West Releases Supplemental Year-End Financial Data


PHOENIX, AZ - Pinnacle West Capital Corporation (NYSE: PNW) today released additional 1999 unaudited financial data including its year-end consolidated balance sheet and consolidated statement of cash flows for the year.

The company released fourth quarter and full-year earnings on January 19, 2000. The newly released information is supplemental and does not modify the previously released earnings.

The company's 1999 annual report will be mailed to shareholders approximately April 1, 1999 and its annual meeting of shareholders will take place on May 17, 2000 at 10:30 a.m. at the Wigwam Resort, 300 Wigwam Blvd., Litchfield Park, Arizona.

Pinnacle West is a Phoenix-based holding company with consolidated assets of approximately $7 billion.


  Consolidated Statement of Income
(PDF, 11.5KB)
  Consolidated Balance Sheets
(PDF, 10.5KB)
  Liabilities & Equity
(PDF, 10.5KB)
  Cash Flow
(PDF, 13KB)


This press release contains forward-looking statements that involve risks and uncertainties, which include, but are not limited to, the ongoing restructuring of the electric industry; the outcome of the regulatory proceedings relating to the restructuring; regional economic and market conditions, which could affect customer growth and the cost of power supplies; the cost of debt and equity capital; weather variations affecting customer usage; and the strength of the real estate market. These factors and the other matters discussed above may cause future results to differ materially from historical results, or from results or outcomes currently expected or sought by the Company.

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