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) May 19, 1994
PINNACLE WEST CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Arizona 1-8962 86-0512431
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
400 E. Van Buren St., P. O. Box 52132, Phoenix, AZ 85072-2132
Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (602) 379-2500
NONE
(Former name or former address, if changed since last report)
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The following information relates primarily to Pinnacle West Capital
Corporation (the "Company") and its principal subsidiary, Arizona Public
Service Company ("APS").
ITEM 5. Other Events
As previously reported, on March 21, 1994 the Secretary of Labor issued
a final order approving a settlement agreement between APS and a former
contract employee who had raised a U.S. Department of Labor claim. See
"Palo Verde Nuclear Generating Station" in Part II, Item 5 in the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 1994. On May
19, 1994 the Secretary of Labor rescinded the order of March 21, 1994 and
remanded the matter to the responsible Administrative Law Judges ordering
them to submit new recommended orders (i) clarifying specifically the scope
of the settlement agreement and (ii) clarifying the extent to which any
claims by the former contract employee remain unresolved by the settlement
agreement. APS currently expects that the settlement agreement, as
originally approved, will ultimately be approved by the Secretary of Labor.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Company has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
PINNACLE WEST CAPITAL CORPORATION
(Registrant)
By Henry Sargent
-----------------
Henry Sargent
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer
and Officer Duly Authorized
to sign this Report)
Dated: May 26, 1994
