Pinnacle West Annual Report Features Ideas, Innovation and Interactivity

Arizona Public Service Co. (APS) is investing in an electric future that offers customers state-of-the-art technological advances and greater control. That same theme of innovation and interactivity is clearly evident in the feature-filled 2007 online Annual Report of Pinnacle West Capital Corporation (NYSE: PNW), APS parent company.

Titled Why We Build It, Pinnacle Wests 2007 Annual Report is now live online at www.whywebuildit.com. The interactive site includes:

The Reports title refers to the need for Pinnacle West and APS (Arizonas largest and longest-serving electric company) to build the necessary infrastructure to power Arizonas energy future. The company expects to invest $10 billion in the next decade to meet Arizonas growth. In his letter, Bill Post discusses, among other issues, the critical importance and pressing nature of investing in the future of Arizonas economy.

The integrated, instantaneous electric system ranks as the most important infrastructure element of a modern economy, Post writes in the letter. Without plentiful and affordable electric power, our economy simply cannot grow. Unlike the need for a new road or public park, the demand for electricity cannot be deferred.

In addition to videos and other informative content, Pinnacle Wests Annual Report also tells the stories of select APS customers and how those customers will also play important roles in Arizonas energy future.

Pinnacle West is a Phoenix-based company with consolidated assets of about $11 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. It also develops residential, commercial, and industrial real estate projects.

Contacts:

Pinnacle West Capital Corporation, Phoenix
Media Contact:
Alan Bunnell, 602-250-3376
www.pinnaclewest.com
Annual Report site: www.whywebuildit.com

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