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Press release from Business Wire

APS Seeks Renewable Energy Projects from Solar

<p class='bwalignc'> <i>Request for Proposal Issued</i> </p>

Thursday, March 01, 2012

APS Seeks Renewable Energy Projects from Solar08:30 EST Thursday, March 01, 2012 PHOENIX (Business Wire) -- Arizona Public Service Co. announces a Request for Proposal (RFP) from solar developers and installers to construct a 14-megawatt solar photovoltaic facility – financed by APS through the company's AZ Sun Program. The RFP will commence on March 15. Interested parties are encouraged to participate in a bidder's webinar on March 22. Additional information about the webinar and the RFP is available online at aps.com/rfp. Projects must employ commercially proven technology. When completed in 2013, the new solar facility, part of the AZ Sun Program, will be owned and operated by APS and is expected to provide electricity to more than 3,500 Arizona homes. With AZ Sun, APS is investing in the development of 200 MW of solar photovoltaic power plants across Arizona. APS is partnering with third-party developers and equipment providers to design and construct the facilities, increasing the opportunity for more developers to participate since project financing is provided by APS. The AZ Sun Program was approved by the Arizona Corporation Commission in 2010, and expanded to include another 100 MW in January 2012. The five-year program is expected to have at least eight solar facilities online by 2015 and create more than 2,400 Arizona construction jobs. APS, Arizona's largest and longest-serving electricity utility, serves more than 1.1 million customers in 11 of the state's 15 counties. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW). APSMedia Contact:Jenna Shaver, 602-250-4403RFP Contact:Mark Mullins, 602-250-3024Analyst Contacts:Rebecca Hickman, 602-250-5668Geoffrey Wendt, 602-250-5643Website: aps.com/newsroom