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) August 28, 1996
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PINNACLE WEST CAPITAL CORPORATION
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(Exact name of registrant as specified in its charter)
Arizona 1-8962 86-0512431
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation Number)
400 East Van Buren, P.O. Box 52131, Phoenix, AZ 85004
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (602) 379-2616
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NONE
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(Former name or former address, if changed since last report)
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Item 5. Other Events
In August 1996, as part of its ongoing competition docket, the Staff of
the Arizona Corporation Commission ("ACC") conducted another workshop on
electric industry restructuring with interested parties on a number of options
for introducing retail electric competition in Arizona. See Note 5 of Notes to
Condensed Consolidated Financial Statements in Part I, Item 1 of the Pinnacle
West Capital Corporation (the "Company") Quarterly Report on Form 10-Q for the
fiscal quarter ended June 30, 1996. On August 28, 1996 the ACC Staff issued an
initial draft of a proposed rule for introduction of retail electric competition
in Arizona for comments by interested parties by September 12, 1996. A copy of
the draft rule is incorporated herein by reference. At this time, the process is
not part of a formal rulemaking procedure, and a procedural framework beyond the
comment deadline has not yet been established. The Company cannot currently
predict the process which will be used to initiate ACC rules for retail electric
competition or the ultimate form of such rules.
In April 1996 an Arizona law established legislative and advisory
committees to study electric utility industry restructuring issues and report
back to the legislature by the end of 1997. Members of the committees have been
appointed, and include a representative of Arizona Public Service Company.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The Company hereby incorporates the following Exhibit pursuant to Exchange Act
Rule 12b-32 and Regulation 201.24 by reference to the filing set forth below:
Originally Filed Date
Exhibit No. Description as Exhibit File No. Effective
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10.1 Proposed Rule 10.1 APS' 1-4473 8-30-96
Retail Electric August 30, 1996
Competition- Report on Form 8-K
Docket No.
U-0000-94-165
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SIGNATURES
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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)
Dated August 30, 1996 By Michael S. Ash
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Michael S. Ash
Corporate Counsel
