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Press release from Business Wire

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

Wednesday, January 19, 2011

Pinnacle West Declares Quarterly Dividend; Announces Fourth-Quarter Conference Call16:00 EST Wednesday, January 19, 2011 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 March 1, 2011, to shareholders of record on February 1, 2011. In addition, Pinnacle West plans to release its 2010 fourth-quarter and year-end results on Friday, February 18, 2011. That same day at 11 a.m. (ET), the Company invites interested parties to listen to a live web cast 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), Friday, February 25, 2011, 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 364804. Pinnacle West is a Phoenix-based company with consolidated assets of about $12.4 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. Pinnacle West Capital CorporationMedia Contact:Alan Bunnell, 602-250-3376Analyst Contact:Rebecca Hickman, 602-250-5668Website: