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Press release from Business Wire

Pinnacle West Declares Quarterly Dividend; Announces 2013 First-Quarter Conference Call

Wednesday, April 17, 2013

Pinnacle West Declares Quarterly Dividend; Announces 2013 First-Quarter Conference Call

17:21 EDT Wednesday, April 17, 2013

PHOENIX (Business Wire) -- Pinnacle West Capital Corporation's (NYSE: PNW) Board of Directors today declared a quarterly dividend of $0.545 per share of common stock, payable on June 3, 2013, to shareholders of record on May 1, 2013.

In addition, Pinnacle West plans to release its 2013 first-quarter results on Friday, May 3, 2013. That same day at 12 noon ET (9 a.m. AZ time), 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 pinnaclewest.com/presentations 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, May 10, 2013, by calling (877) 660-6853 in the U.S. and Canada or (201) 612-7415 internationally and entering conference ID number 412208.

Pinnacle West Capital, an energy holding company based in Phoenix, has consolidated assets of about $13.4 billion, more than 6,300 megawatts of generating capacity and about 6,600 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the Company provides retail electricity service to more than 1.1 million Arizona homes and businesses. For more information about Pinnacle West, visit the Company's website at pinnaclewest.com.

Pinnacle West Capital Corporation
Media Contact:
Alan Bunnell, 602-250-3376
Analyst Contact:
Rebecca Hickman, 602-250-5668
Website: pinnaclewest.com

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