-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jw5dskqbTOYBXG+6vZ2uj/QLw3ffTyZzDOPSoU99S5VIR/vFLnDmt0d8jTbacJrv ue+OOUhhWhLX/H1GcBOPnA== 0000950153-08-001101.txt : 20080609 0000950153-08-001101.hdr.sgml : 20080609 20080606210040 ACCESSION NUMBER: 0000950153-08-001101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080606 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080609 DATE AS OF CHANGE: 20080606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE WEST CAPITAL CORP CENTRAL INDEX KEY: 0000764622 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 860512431 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08962 FILM NUMBER: 08886911 BUSINESS ADDRESS: STREET 1: 400 NORTH FIFTH STREET STREET 2: . CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 6023792500 MAIL ADDRESS: STREET 1: 400 NORTH FIFTH STREET STREET 2: . CITY: PHOENIX STATE: AZ ZIP: 85004 FORMER COMPANY: FORMER CONFORMED NAME: AZP GROUP INC DATE OF NAME CHANGE: 19870506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARIZONA PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000007286 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 860011170 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04473 FILM NUMBER: 08886912 BUSINESS ADDRESS: STREET 1: 400 N FIFTH ST STREET 2: P O BOX 53999 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 6022501000 8-K 1 p75614e8vk.htm 8-K e8vk
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 6, 2008
         
    Exact Name of Registrant as Specified    
    in Charter; State of Incorporation;   IRS Employer
Commission File Number   Address and Telephone Number   Identification Number
 
        
1-8962
   Pinnacle West Capital Corporation   86-0512431
 
  (an Arizona corporation)    
 
  400 North Fifth Street, P.O. Box 53999    
 
  Phoenix, AZ 85072-3999    
 
  (602) 250-1000    
 
        
1-4473
  Arizona Public Service Company   86-0011170
 
  (an Arizona corporation)    
 
  400 North Fifth Street, P.O. Box 53999    
 
  Phoenix, AZ 85072-3999    
 
  (602) 250-1000    
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
     This combined Form 8-K is separately filed by Pinnacle West Capital Corporation and Arizona Public Service Company. Each registrant is filing on its own behalf all of the information contained in this Form 8-K that relates to such registrant and, where required, its subsidiaries. Except as stated in the preceding sentence, neither registrant is filing any information that does not relate to such registrant, and therefore makes no representation as to any such information.
 
 

 

TABLE OF CONTENTS

Item 8.01. Other Events
SIGNATURES

Table of Contents

Item 8.01. Other Events
     On June 6, 2008, Arizona Public Service Company (“APS”) filed with the Arizona Corporation Commission (“ACC”) a motion in its currently pending rate case, requesting an interim base rate surcharge that would not result in any incremental increase to APS customer bills beyond current levels and would be subject to refund pending the final outcome of the rate case. The motion requests that the interim base rate surcharge of $.003987 per kilowatt hour (“kWh”) become effective upon the expiration of the $.003987 per kWh 2007 power supply adjustor (“PSA”) charge, the latter of which APS anticipates will remain in effect through July or August 2008.
     The purpose of the interim surcharge is to better position APS to fund customer-centered programs and needed infrastructure, access needed capital on reasonable terms, minimize the risk of credit rating downgrades by improving APS’ credit metrics until the ACC is able to grant permanent rate relief, allow APS to partially recover already incurred costs related to necessary capital expenditure programs to serve its customers, and provide a better opportunity for APS to achieve a return on equity closer to the level deemed reasonable and approved by the ACC in APS’ last rate case. APS cannot currently predict the outcome of this matter.
     The interim base rate surcharge represents approximately $115 million in annual pretax retail revenues. Our previously issued 2008 earnings guidance did not assume the inclusion of this requested interim surcharge. For additional information regarding the 2007 PSA charge, see “2007 Retail Rate Order” in Note 5 of Notes to Condensed Consolidated Financial Statements in the Pinnacle West Capital Corporation/APS Report on Form 10-Q for the fiscal quarter ended March 31, 2008. For information on our 2008 earnings guidance, see the Pinnacle West Capital Corporation/APS Current Report on Form 8-K filed with the Securities and Exchange Commission on April 29, 2008.

2

Table of Contents

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  PINNACLE WEST CAPITAL CORPORATION
(Registrant)
 		  
Dated: June 6, 2008  By:   /s/ Donald E. Brandt    
    Donald E. Brandt   
    President and Chief Operating Officer   
 
  ARIZONA PUBLIC SERVICE COMPANY
(Registrant)
 		  
Dated: June 6, 2008  By:   /s/ Donald E. Brandt    
    Donald E. Brandt   
    President and Chief Executive Officer   
 

3

-----END PRIVACY-ENHANCED MESSAGE-----