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Press release from Business Wire

Pinnacle West Declares Quarterly Dividend; Announces Third-Quarter Conference Call

Wednesday, October 20, 2010

Pinnacle West Declares Quarterly Dividend; Announces Third-Quarter Conference Call17:00 EDT Wednesday, October 20, 2010 PHOENIX (Business Wire) -- Pinnacle West Capital Corporation's (NYSE: PNW) Board of Directors today declared a quarterly dividend of $0.525 per share of common stock, payable on December 1, 2010, to shareholders of record on November 1, 2010. In addition, Pinnacle West plans to release its 2010 third-quarter results on Thursday, October 28, 2010. That same day at 12:00 noon (ET), the Company invites interested parties to listen to a live webcast of management's conference call to discuss results and recent developments. The webcast can be accessed at and will be available for replay on the website for 30 days. To access the live conference call by telephone, dial (877) 407-8035 or (201) 689-8035 for international callers. A replay of the call also will be available until 11:55 p.m. (ET), Wednesday, November 3, 2010, by calling (877) 660-6853 in the U.S. and Canada or (201) 612-7415 internationally and entering account number 286, followed by Conference ID number 358822. Pinnacle West is a Phoenix-based company with consolidated assets of about $12.2 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.