PHOENIX--(BUSINESS WIRE)--June 29, 2007--The 2006 Pinnacle West Corporate Responsibility Report, highlighting the corporation's environmental, health, safety and sustainability goals and performance is now online at www.pinnaclewest.com/cr.

"The Corporate Responsibility Report is an important look into our company's sustainability efforts and speaks to our commitment to a better tomorrow that supports a healthy environment and strong communities for the customers we serve, as well as our financial success," said Ed Fox, Vice President, Communications, Environment & Safety.

This year's report features:

-- Pinnacle West's approach to sustainability;

-- Discussion of key sustainability issues including electric system growth and reliability, climate change and demand side management initiatives;

-- The corporation's environmental, social and safety performance; and

-- Use of innovative technologies to meet the corporation's future needs, including renewable energy, future fuels and carbon reduction.

The 2006 Pinnacle West Corporate Responsibility Report includes basic information on Pinnacle West subsidiaries, APS, APS Energy Services and Sun Cor, providing a more complete look at Pinnacle West, said Fox.

The report was prepared in accordance with guidelines set by CERES, a coalition of investors and public-interest organizations, and to the extent possible, Global Reporting Initiatives (GRI) guidelines. These guidelines were established to develop globally applicable standards for sustainability reporting.

Pinnacle West (NYSE: PNW) is a Phoenix-based company with consolidated assets of about $12 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.

Copyright Business Wire 2007

Pinnacle West Capital Corporation

Pinnacle West Capital Corporation

For more than 120 years, Pinnacle West and our affiliates have provided energy and energy-related products to people and businesses throughout Arizona. Based in Phoenix, Pinnacle West has consolidated assets of about $11 billion. Our largest affiliate, Arizona Public Service (APS), generates, sells and delivers electricity and energy-related products and services. APS serves more than a million customers in 11 of Arizona’s 15 counties, and is the operator and co-owner of the Palo Verde Nuclear Generating Station(R) - a primary source of electricity for the Southwest. Our other affiliates include SunCor Development Company, a developer of residential, commercial and industrial real estate; APS Energy Services, a retail energy service provider; and El Dorado Investment Company, a venture capital and investment firm.

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